Former Vice President, ATIKU ABUBAKAR, has questioned the rationale behind the Nigerian National Petroleum Company Limited (NNPCL)’s privatisation of oil refineries in the country post-rehabilitation.

ATIKU in a statement also criticized the former President, MUHAMMADU BUHARI’s administration for not privatising Nigeria’s idle oil refineries earlier.

The presidential candidate of the People’s Democratic Party (PDP) during the 2023 election also expressed concern over the recent 1.5 billion dollars rehabilitation.

He added that without prejudice to the terms of the agreement between the NNPCL and the private operators, it would undoubtedly have been better if the NNPCL had sold the refinery, pre-rehabilitation, to avoid the burden of debt.

He therefore called on the NNPCL to explain to the satisfaction of Nigerians what benefits its newly discovered approach to privatisation will confer on the country and its citizens.