Mission Incredible: Nigeria To Invest US$2.68 billion In Indonesian Refinery Deal

By Sahara Reporters, New York

[Citizens' interest is the first business of any government but it seems Nigeria is hell-bent to work against the interest of its own citizens at every turn.  As Nigerians are being pushed deeper into poverty by the plan to "remove oil subsidy" for the umpteenth time - a plan surreptitiously dropped on hapless Nigerians by Economy Doctor, Mrs. Iweala at her first press briefing weeks ago, "we are all agreed that subsidy ...", here comes another whammy.   I think it's pretentious for anyone to think Nigerian governments, especially since General Obasanjo to his anointed Dr. Joonathan have any interest in improving the lives of citizens of this country.  This essay, thanks to SR's ever-vigilant antenna, confirms our worst nightmare of the economy ever being anything except to enrich a few. Nigerians must rise and say 'no' to this Road to Slavery.  TOLA ADENLE]

Nigeria is to sink a staggering US$2.68 billion in the construction of three oil refineries in faraway Indonesia, The Jakarta Post reported today.

The newspaper was told by Panggah Susanto, a director of the Ministry of Industry in that country, that Nigeria had been looking for a partner to refine its crude oil, and both countries agreed [for that purpose] to build three refineries in Indonesia. “Previously they wanted the refineries to be built in Nigeria,” Susanto said of the Nigerian counterparts. “However, as Indonesia is currently improving its downstream industry, Indonesia wanted the refineries to be built here instead.” Apparently, they got their will.  According to the director, “State firm PT Pertamina will buy the crude oil from Nigeria and process it here.”

 It is unclear why Nigeria has chosen to refine its crude abroad, and the matter appears to be shrouded in secrecy.  The Nigerian people have not been informed of the deal, or about how it will benefit them.  The current Nigeria government is fraught with policy hiccups.  Only last month, the Nigerian president, after a meeting with Mr. Jai-Seong Lee, the president and chief executive officer of South Korea’s Hyundai Heavy, announced that the company, the world’s largest shipbuilder, would build a multi-billion shipyard in Bayelsa State that would create thousands of jobs.  The following day, Hyundai Heavy denied any such arrangement.

Sheer insanity!

Submitted by tola adenle on October 13, 2011 – 05:57. [Sahara Reporters]
The PDP – to which Dr. Jonathan not only belongs but is the most important member as Nigeria’s Head of State right now, will destroy whatever is left of the self pride and dignity of a once proud people as they are gradually reduced to serfs/slaves.  Tears to shed for this country have long run dry.  emotanafricana.com



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