Yar’Adua shouldn’t have cancelled refineries’ sale to Dangote –Obasanjo - Naijahottesttv.com Yar’Adua shouldn’t have cancelled refineries’ sale to Dangote –Obasanjo | Naijahottesttv.com


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Yar’Adua shouldn’t have cancelled refineries’ sale to Dangote –Obasanjo

Former President Olusegun Obasanjo has said that late President Yar'Adua was wrong for cancelling the sale of the Kaduna and Port Harcourt refineries to a Dangote-led consortium
by his administration .
In the second part of an interview granted a private television station, Channels
TV, monitored by our correspondent on Wednesday, Obasanjo accused
Yar'Adua of sacrificing public interest on the altar of pressure by some people
by cancelling the said contract.
Obasanjo, while justifying some of the claims he made in his controversial
three-volume autobiography, My Watch, spoke about his efforts to get people
to invest in the oil sector and how the country eventually secured buyers for
two of its four refineries.
He said, "Eventually Aliko Dangote led a group that paid $750m for the
privatisation of two of the refineries – 51 per cent privatisation – and my
successor (Yar'Adua) came (in), he turned it down. In fact, he paid back the
money because they (investors) had paid the money.
"And I went to him; I said 'look, do you know…? And he said well, he did it
because of pressure. I said 'pressure?', so to you what matters is pressure, not
what is in the best interest of Nigerians. I said, but you know it will not work.
Then I said in 10 years, if you continue, you would have spent two times the
amount that these people had paid and it still would not work. And that is
what happened.
"Today those two refineries, you can never make them work. And if we are
going to sell them, we would be lucky to get $250m out of them because they
have become a huge scrap. Now, why shouldn't I explain that (in my book)?"
The former President, who denied leaving out parts that painted him in a bad
light in the book, said he cared less what critics said about him or his book.
Obasanjo said people were often quick to form opinions about him without
taking time to know him, making reference to a lawyer, Mr. Tunji Braithwaite;
and the Publicity Secretary of the Afenifere, Yinka Odumakin, who had written
a rejoinder to his book. The rejoinder is titled, Watch the Watcher.
He said, "When I wrote a book, Braithwaite, it was My Command, he
condemned my writing the book and they asked, have you read the book? He
said 'No. Once it is written by Obasanjo, it cannot be a good book. Now what
do you say to that?
"People have invariably made up their minds (on) what they would do and
what they would say. Why should that worry me? Why should I allow your own
opinion, which you have formed, advertently or inadvertently, and wrongly to
worry me? Your opinion which you have formed because you are being paid to
write to castigate a book that you virtually didn't read. So, why should I allow
that to worry me?
"If I would read all the criticisms people write about me, most of which are
not true, then I would not have time to do anything really useful and good for
humanity. If I can be sent to jail wrongly, then anybody can do anything to me
wrongly and I could jolly well have been killed wrongly."
Obasanjo again took a swipe at Yar'Adua's successor, ex-President Goodluck
Jonathan, for rehabilitating the railway system with locomotive engines.
He said, "Where I made (a) mistake, which I know is (a) mistake, I own up.
But the point is this, in government we need to have all the facts that led to a
person making a particular decision before your criticism can be right. Take
the railway for instance, for what reason should anybody in his right senses in
Nigeria of today believe that rehabilitating the railway system, which was
completed in 1903 to carry three million tonnes of goods, is what we need
today?
"There is no earthly reason by which a rehabilitated railway system of Nigeria
today can serve our purpose, there is no way."
Obasanjo said that before he left office as President, his administration had
concluded the design of a modern rail system to cost $8.3bn that would make
a trip of about 120 kilometres in 45 minutes.
He said, "Part of the design criteria is 150km per hour. You will leave Lagos
and in 45 minutes you will be in Ibadan, and you don't understand that if we
are going to achieve Vision 20 2020, we will need a first class land, water and
air transportation.
"Your land transportation can only be railway and road and if you don't think
this way and don't think one generation ahead, how can you make progress?
Will you say that a man who wants to rehabilitate the Nigerian railway system
of 1903 is one generation ahead (in his thinking)?"

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