Refineries Rehabilitation, Analysts Call for More Disclosure 

In a press release by the President’s Special Adviser on Media and Publicity, Femi Adesina, the Nigerian National Petroleum Company Ltd (NNPCL) and Daewoo Group of South Korea have signed a Memorandum of Understanding (MoU) for the rehabilitation of the Kaduna refinery. According to him, the Group is also responsible for rehabilitating the Warri refinery and constructing the NLNG train-seven project. Analysts questioned whether or not the Daewoo Group is in a joint venture with Saipem SPA. Recall that the Minister of State for Petroleum, Timipre Sylva, had in August 2021 disclosed that the FEC had approved the sum of $1.48bn for the rehabilitation of both (Kaduna and Warri) refineries. Where he had said about 15% of the contract sum had been disbursed to the contractors- Messers Saipem SPA and Saipem Contracting Limited – to be executed in 3 phases over 77months. Analysts call for more transparency and organization in government press releases in the balance of public disclosure based on Section 9(2) of the FOI Act 2011.  

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