BEVERLY HILLS, March 17, (THEWILL) – The Federal Executive Council has approved $1.5 billion for the rehabilitation of the Port Harcourt Refinery, and ₦3.70 billion for the supply of medical equipment.
Minister of State for Petroleum Resources, Timipre Sylva and his counterpart in the health ministry, Osagie Ehanire, made these known to State House Correspondents on Wednesday after the FEC meeting in Abuja,
Sylva, said the rehabilitation of the Port Harcourt refinery would commence immediately, and in three phases.
The first phase will be completed in 18 months, which takes the refinery to a production of 90 percent of its capacity, the second phase wbe completed in 24 months, while the final phase will be completed in 44 months.
He also disclosed that an Italian contractor, E and EPC company, which won the bid for the project, was approved by the council to handle the rehabilitation of the refinery.
Sylva assured that the maintenance, which is a recurring challenge for the nation’s refineries, was elaborately discussed in council, adding that a professional would be employed to manage the refinery after the rehabilitation.
On his part, Minister of Health, Osagie Ehanire, presented a memo approved by the council to the tune of ₦3.70 billion for the supply of various equipments to strengthen the Nigeria Centre for disease control (NCDC) across the federation, to respond effectively not only to COVID-19 issues but to other diagnostic issues.
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