The Federal Executive Council (FEC) on Wednesday approved contracts worth $1.4 billion for the rehabilitation of the Warri and Kaduna refineries.
The Minister of State for Petroleum Resources, Timipre Sylva, disclosed this to State House correspondents at the end of FEC meeting presided over by President Muhammadu Buhari at the Presidential Villa, Abuja.
He said the Warri refinery would receive $897 million, while $586 million has been earmarked for the rehabilitation of the Kaduna refinery.
Nigeria has four refineries with two located in Port Harcourt.
