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South Korea’s oil refining success shows how Nigeria squandered golden opportunity

Two weeks after the release of the 2017 and 2018 audited accounts of the PortHarcourt, Warri and Kaduna refineries, all owned and operated by the Nigerian National Petroleum Company (NNPC), the losses is symptomatic of a gross pattern of mismanagement, corruption, and state waste. Established in 1965, 1978 and 1983 respectively, the combined audited accounts…

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