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.
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.