Wednesday, February 1, 2023
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I will sell refineries to raise $10b to empower SME’s in Nigeria – Atiku

The presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, has promised to privatize the nation’s three refineries to raise $10 billion for the empowerment of small and medium-scale businesses (SMEs) in the country.

Atiku, stated this while addressing a campaign rally yesterday in Lagos, and listed the refineries as those in Warri, Port Harcourt, and Kaduna.

Atiku said: “On my own part, if you elect me as your president, I said and I promise by the grace of God that I am going to set aside $10 billion so that we can empower our young men and women in small and medium enterprises.

“People were asking me where I am going to get the money. If I privatise the Port Harcourt refinery, Warri refinery, and Kaduna refinery, I will get the money.”

The PDP candidate also promised that his administration would restructure the country, if elected President in 2023.

“So, let me also promise you, if you elect me, we are going to restructure this country. What do we mean by restructuring? We will give states and local governments more powers and resources. It is up to you to hold them responsible.”



  1. Seriously if these refineries are to be sold,  who will buy them, and if they bought them, will they use them for refinery or cinema business? I ask these to note that those who’ll buy them will do so to make profit by refining oil in Nig, and so d question is: why can’t Atiku lead to make these refineries work again and give d profit to SMEs instead? It’s a better deal, but if Atiku believes these can’t be made to work again, then it proves Atiku is a bad leader who thinks selling Nig is better.
    What is then d mindset of Atiku who thinks he can do better by selling off 3 national oil refineries and give d money to SMEs? Very bad mindset bcus d SMEs can bankrupt and disappear while those who bought off d refineries continue to excel and reap profits. Clearly this is a mark of bad leadership,  plus d leader is implicated as a rogue who only thinks on how to make and spend money quick even if it is a small insignificant money, without minding d longer term bad effects of quick small moneys.


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