Business NNPC Employs Nigerian Engineers to Repair Refineries for N99bn

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Nigeria- The NNPC has employed Nigerian engineers to repair the country's refineries for a sum for N99bn, after foreign contractors demanded N288bn for the job, Punch reports:


The Nigerian National Petroleum Corporation on Wednesday said it had engaged the services of in-house engineers to rehabilitate the country’s three ailing refineries at a cost of $550m (N99bn), down from the $1.6bn (N288bn) presented to it by foreign contractors.

The refineries are the Port Harcourt Refining Company, Kaduna Refining and Petrochemical Company Limited and the Warri Refining and Petrochemical Company Limited.

The Group Executive Director, Refining and Petrochemicals, NNPC, Mr. Ian Udoh, stated that the corporation resolved to use indigenous engineers because it could not pay the bills of foreign contractors who were nominated by the original builders of the refineries.

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Even at N99bn, it is pretty a huge amount of money. The said money is so huge that one could ask. Wht are the engineers and technologists staffs and third party workers doing while the facilities getting to the point of seeking other hands? Are there no maintenance departments or units? For God sake, resources should be managed efficiently and money spent judiciously
 
We lack maintenance culture. That's the problem. After spending 99bn on these refineries today, they could be in a worse condition tomorrow.

Look at the power sector, billions have been wasted yet the situation is getting worse.

Point is, FG is a scalar and likes wasting money.
 
Let's pray they do a good job..and that we won't have to repair the refineries again in the near future. [USERGROUP=4]@Senior Curators[/USERGROUP]
 
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