NNPC & Afrexim Bank Open Talks On Funding Repair Of Nigeria’s Refineries
Written by Smooth FM on October 9, 2019
The Nigerian National Petroleum Corporation (NNPC) has opened talks with the African Export and Import Bank (Afrexim Bank) on funding of the repair of Nigeria’s refineries in Warri, Kaduna and Port Harcourt.
A statement yesterday by the corporation said the bank’s possible funding of other key downstream and midstream infrastructure projects of the NNPC was also being negotiated.
The statement by the Acting Group General Manager in charge of the Public Affairs of the NNPC, Mr. Samson Makoji, expressed the corporation’s readiness to collaborate with any financial institution willing to finance its critical projects.
It said Kyari hosted the Executive Vice President of Afrexim Bank, Mr. Amr Kamel, and other top officials of the bank when this business conversation held.