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'No Going Back on Privatisation of Refineries' From Josephine Lohor in Abuja President Olusegun Obasanjo yesterday said inspite of the low interest shown in the privatisation of Nigeria's refineries by operators of the upstream sector, the exercise would continue. He stated that Federal Government still believed that privatisation was the best way forward for the country's refineries. Speaking in an audience with members of the Institute of Directors at the State House, Obasanjo noted that Federal Government was doing everything possible to ensure that the refineries were successfully privatised. He observed that government was also forging ahead with its plans to boost national earnings from gas. "We have Train VI of the LNG going on now and two or three other gas-related projects. We are also looking at the possibilities for Trains VII and VIII," Obasanjo said. While thanking the Institute of Directors for its declared support for the reform agenda of Federal Government, he stated that he believed that all public officials should subscribe to the principles of good corporate governance advocated by the institute. The President of the institute, Ms. Bennedickter Molowu, had earlier in her address, applauded the due process mechanism introduced by Obasanjo and called for "near and long term" solutions to recurring problems in the country's oil industry." Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

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