{"id":167953,"date":"2025-07-02T08:44:40","date_gmt":"2025-07-02T07:44:40","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/sell-port-harcourt-and-warri-refineries-to-boost-economy"},"modified":"2025-07-02T09:54:53","modified_gmt":"2025-07-02T08:54:53","slug":"sell-port-harcourt-and-warri-refineries-to-boost-economy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/sell-port-harcourt-and-warri-refineries-to-boost-economy","title":{"rendered":"Sell Port Harcourt and Warri Refineries to Boost Economy"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Director General of the Manufacturers Association of Nigeria, MAN, Segun Ajayi-Kadiri, has called on the Federal Government to sell or privatize Warri, Port Harcourt and other country\u2019s state-owned refineries.<\/p>\n<p>This was as he describes them as a pure drain on the Nigerian economy.<\/p>\n<p>Ajayi-Kadiri, who made this call on Tuesday, when he appeared as a guest on \u2018Politics Today\u2019, a programme on Channels Television, argued that the government should hand them over to the private sector for efficient management and productivity.<\/p>\n<p>\u201cIf you ask me, the government should just sell these refineries. Give them to private sector people who will run them efficiently and be able to deliver. When something belongs to everybody, it belongs to nobody,\u201d Ajayi-Kadiri<\/p>\n<p>It will be recalled that the federal government began efforts in 2024 to revive its four state-owned refineries, with the old Port Harcourt and Warri refineries partially restored, while rehabilitation continues on the second Port Harcourt unit and the Kaduna refinery.<\/p>\n<p>The MAN DG, however, decried that the continued government ownership of the facilities has not only proven ineffective but also unfair to the Nigerian people, particularly in a country brimming with capable entrepreneurs.<\/p>\n<p>\u201cThose four refineries are a pure drain on the Nigerian economy, and it is not fair to the Nigerian people.<\/p>\n<p>\u201cWe should have a situation where we are able to speak truth to ourselves and encourage private sector investment,\u201d he added.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Nigeria<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Director General of the Manufacturers Association of Nigeria, MAN, Segun Ajayi-Kadiri, has called on the Federal Government to sell or privatize Warri, Port Harcourt and other country\u2019s state-owned refineries. This was as he describes them as a pure drain on the Nigerian economy. Ajayi-Kadiri, who made this call on Tuesday, when he [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":167952,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,29],"tags":[1730,254,227,3352,17324],"class_list":["post-167953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-man","tag-nigeria","tag-nigerian-govt","tag-port-harcourt","tag-warri-refineries"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Sell Port Harcourt and Warri Refineries to Boost Economy - Nigeria<\/title>\n<meta name=\"description\" content=\"Director General of the Manufacturers Association of Nigeria, MAN, Segun Ajayi-Kadiri, has called on the Federal Governm ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/sell-port-harcourt-and-warri-refineries-to-boost-economy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sell Port Harcourt and Warri Refineries to Boost Economy\" \/>\n<meta property=\"og:description\" content=\"Director General of the Manufacturers Association of Nigeria, MAN, Segun Ajayi-Kadiri, has called on the Federal Governm ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/sell-port-harcourt-and-warri-refineries-to-boost-economy\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-02T07:44:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-02T08:54:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/07\/sm_1751433967.042716.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1727\" \/>\n\t<meta property=\"og:image:height\" content=\"977\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/sell-port-harcourt-and-warri-refineries-to-boost-economy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/sell-port-harcourt-and-warri-refineries-to-boost-economy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Sell Port Harcourt and Warri Refineries to Boost Economy\",\"datePublished\":\"2025-07-02T07:44:40+00:00\",\"dateModified\":\"2025-07-02T08:54:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/sell-port-harcourt-and-warri-refineries-to-boost-economy\"},\"wordCount\":254,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/sell-port-harcourt-and-warri-refineries-to-boost-economy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/07\/sm_1751433967.042716.jpg\",\"keywords\":[\"man\",\"Nigeria\",\"Nigerian Govt\",\"Port Harcourt\",\"Warri refineries\"],\"articleSection\":[\"all news\",\"Economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/sell-port-harcourt-and-warri-refineries-to-boost-economy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/sell-port-harcourt-and-warri-refineries-to-boost-economy\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/sell-port-harcourt-and-warri-refineries-to-boost-economy\",\"name\":\"Sell Port Harcourt and Warri Refineries to Boost Economy - 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