{"id":32666,"date":"2020-11-21T18:13:57","date_gmt":"2020-11-21T18:13:57","guid":{"rendered":"https:\/\/www.africa-press.com\/nigeria\/?p=32666"},"modified":"2020-11-21T18:13:57","modified_gmt":"2020-11-21T18:13:57","slug":"its-chinas-refinery-bamgbose-makes-revelations-about-buhari-govts-mou-with-niger-republic","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/its-chinas-refinery-bamgbose-makes-revelations-about-buhari-govts-mou-with-niger-republic","title":{"rendered":"It\u2019s China\u2019s refinery \u2013 Bamgbose makes revelations about Buhari govt\u2019s MoU with Niger Republic"},"content":{"rendered":"

Africa-Press<\/a> – Nigeria<\/a>. <\/strong><\/span>Olusegun Bamgbose, National Coordinator, Concerned Advocates for Good Governance, CAGG, has made some revelations about the recent memorandum of Understanding, MoU, the Nigerian Government signed with the government of Niger Republic.<\/p>\n

The Buhari government had during the week through the Ministry of Petroleum Resources, reportedly signed the MoU with Niger Republic for petroleum products importation.<\/p>\n

According to a statement released by the Ministry, SORAZ Refinery in Zinder, Niger Republic, has an installed refining capacity of 20,000 barrels per day.<\/p>\n

Bamgbose claimed, however, that the truth and the reality is that, the MoU was between Nigeria and China.<\/p>\n

In a statement to DAILY POST on Saturday, the senior lawyer and 2023 presidential hopeful, said that the Soci\u00e9t\u00e9 de Raffinage de Zinder, SORAZ Refinery is owned by China.<\/p>\n

\u201cIn June 2008, China National Petroleum Corporation, CNPC, and Niger Republic signed integrated upstream and downstream deals in Agadem block which resulted in the building of SORAZ refinery.<\/p>\n

\u201cThe major shareholder in the refinery is China National Petroleum Corporation with 60% shareholding and Niger Republic has 40% shareholding.<\/p>\n

\u201cIn essence China facilitated the MoU because of their interest. This is certainly one of the hidden conditions given to Nigeria in order to secure Chinese loans.<\/p>\n

\u201cOne can equally remember that FEC in September okayed $1.96bn for proposed rail contract from Kano to Niger Republic. We secured the loan from China and it\u2019s also the Chinese company that will be in charge.<\/p>\n

\u201cThis government should stop fooling Nigerians. Much has it will have economic benefits, but Nigerians should not forget that this is neocolonialism cropping up.<\/p>\n

\u201cThe fear is that China may soon take over the machinery of government in Nigeria. This latest MoU may very clearly be a big obstacle to Dangote Refinery. Nigerians have not been told about the duration of the MoU signed.<\/p>\n

\u201cChina has bought over the Executive and the National Assembly. This is very dangerous. It\u2019s most likely that China may equally play a leading role in who becomes the President in 2023.<\/p>\n

\u201cExcept something is done promptly, Nigeria may one day be like Hong Kong to China,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Olusegun Bamgbose, National Coordinator, Concerned Advocates for Good Governance, CAGG, has made some revelations about the recent memorandum of Understanding, MoU, the Nigerian Government signed with the government of Niger Republic. The Buhari government had during the week through the Ministry of Petroleum Resources, reportedly signed the MoU with Niger Republic for […]<\/p>\n","protected":false},"author":84,"featured_media":32665,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,28,14,26],"tags":[1570,1566,97,1632,1631,254],"class_list":["post-32666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-policy","category-twitter","tag-africa-press","tag-bamgbose","tag-buhari","tag-mou","tag-niger-republic","tag-nigeria"],"yoast_head":"\nIt\u2019s China\u2019s refinery \u2013 Bamgbose makes revelations about Buhari govt\u2019s MoU with Niger Republic - Nigeria<\/title>\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\/policy\/its-chinas-refinery-bamgbose-makes-revelations-about-buhari-govts-mou-with-niger-republic\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It\u2019s China\u2019s refinery \u2013 Bamgbose makes revelations about Buhari govt\u2019s MoU with Niger Republic\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Nigeria. Olusegun Bamgbose, National Coordinator, Concerned Advocates for Good Governance, CAGG, has made some revelations about the recent memorandum of Understanding, MoU, the Nigerian Government signed with the government of Niger Republic. 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