Skip to content
July 30, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • FG’s approval of $1.5bn for rehabilitation of Port Harcourt Refinery is nothing to jubulate about yet – Wike
  • National News

FG’s approval of $1.5bn for rehabilitation of Port Harcourt Refinery is nothing to jubulate about yet – Wike

Admin March 18, 2021
Attack on security personnel in Rivers

Nyesom Wike

Governor Nyesom Wike has said he will not rejoice over the approval of $1.5 billion for the rehabilitation of the Port Harcourt refinery.

Governor Wike was reacting to earlier announcement on Wednesday by the Federal Executive Council, FEC, approving the plan by the Ministry of Petroleum Resources to rehabilitate the Port Harcourt Refinery with $1.5bn.

Reacting to the development, the Governor said the news was nothing to make anyone jubilate.

The Rivers State governor who was a guest on Channels Television’s Politics Today said it is not the first time the Federal Government is making promises, many of which he says are yet to be fulfilled.

“We have had a lot of promises, we have had a lot of talks and nothing has materialized,” Wike stated.

According to him, promises of this nature are only pointers to the fact that elections are around the corner.

“We have heard these promises and nothing has happened,” Wike stated.

He further opined that “If the refinery is going to work, it will improve a lot of economic activities, there will be employment for the people of the state.

We will be happy but I am saying that we have had these promises and promises and nothing has happened.

So, I don’t want to begin to say hallelujah. Let us wait and see what will happen based on the approval and the statement made by the minister of state, petroleum. We will hold him accountable for it.

“We know, even before the (APC) government came into being, they have promised a lot of things and later they come up to say because of these challenges and that, they are not able to fulfill them.

“We are going into 2023, so many promises will be made, so many approvals will be made.”

The governor said rather than jump in excitement regarding the approval by the FEC, Nigerians must wait and see how the government acts on the rehabilitation exercise as promised.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: APC FEC Nyesom Wike

Post navigation

Previous We must work hard to stop high profile killings – Gov. Masari
Next Nigeria, South Africa listed amongst worst 20 affected by Internet Crimes – FBI report

Related Stories

JAC ratifies Oborevwori’s Grade Level 17 career progression for Delta primary school teachers
  • National News

JAC ratifies Oborevwori’s Grade Level 17 career progression for Delta primary school teachers

July 30, 2026
Police arrests Osun SSG, 5 others over alleged vote buying Police
  • National News

Police arrests Osun SSG, 5 others over alleged vote buying

July 29, 2026
DSS arraigns man for allegedly raising funds for ISWAP, Boko Haram
  • National News

DSS arraigns man for allegedly raising funds for ISWAP, Boko Haram

July 29, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Recapitalised banks and access to credit, by Arize Nwobu
  • Business & Economy

Recapitalised banks and access to credit, by Arize Nwobu

July 30, 2026
JAC ratifies Oborevwori’s Grade Level 17 career progression for Delta primary school teachers
  • National News

JAC ratifies Oborevwori’s Grade Level 17 career progression for Delta primary school teachers

July 30, 2026
Osun Polls: 86 Accord Party members arrested, detained in Keffi, Kuje prisons – Adeleke Campaign Council, CP says he’s not aware
  • Politics

Osun Polls: 86 Accord Party members arrested, detained in Keffi, Kuje prisons – Adeleke Campaign Council, CP says he’s not aware

July 30, 2026
Oil jumps 7% on escalating Middle East airstrikes crude oil
  • Business & Economy

Oil jumps 7% on escalating Middle East airstrikes

July 29, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.