The contracts for the construction of 10 Greenfield refineries worth N8.1 trillion ($51.8 billion) have finally collapsed as investors have lost interest in executing the project.
The Federal Government had signed the N8.1 trillion worth of Memorandum of Understanding (MoU) with various local and international investors between 2011 and 2012 for the construction of the 10 new refineries across the country.
Read more @ New Telegraph
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