Ex- President Olusegun Obasanjo has disclosed that the Nigerian National Petroleum Corporation (NNPC) rejected a $750 million offer from billionaire businessman Aliko Dangote in 2007 to manage the Port Harcourt and Kaduna refineries.
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In an interview, Obasanjo explained that Dangote’s team was ready to enter into a Public-Private Partnership (PPP) to revitalize the refineries, but NNPC turned down the offer.
Obasanjo claimed that over $2 billion has been squandered since then, and the refineries are still not functional.
