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Home » Blog » $1.5bn Refinery Revamp Bill Can Build 12 Hospitals – Peterside
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$1.5bn Refinery Revamp Bill Can Build 12 Hospitals – Peterside

Last updated: April 2, 2021 4:44 pm
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TRACKING____Founder of Stanbic IBTC Bank Plc, Atedo Peterside, has once again queried the Federal Government’s move to renovate the Port Harcourt refinery for $1.5bn.

He pointed out that the money could instead build 12 world-class hospitals at $125m dollars each.

In a Twitter post on Thursday, he advised the government to instead sell the refinery to private sector investors that could rehabilitate it with their own funds.

“The $1.5bn earmarked for PH refinery rehabilitation by NNPC could build 12 world class hospitals costing $125m each – two in each geopolitical zone. We could then allow private sector core investors to purchase the refinery and rehabilitate it with their own funds,” he tweeted.

The $1.5bn earmarked for PH Refinery Rehabilitation by #NNPC could build 12 world class hospitals costing $125m each – 2 in each geopolitical zone. We could then allow private sector core investors to purchase the refinery and rehabilitate it with their own funds @officialNESG

— Atedo Peterside (@AtedoPeterside) April 1, 2021

TAGGED:$1.5bn Refinery Revamp Bill Can Build 12 Hospitals – Peterside
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