The Federal Executive Council has approved contracts for the rehabilitation of Warri and Kaduna refineries at a cost of $1.4 billion.
The breakdown shows that $897 million is earmarked for the Warri refinery and $586 million for Kaduna refinery.
In March, the Federal Executive Council (FEC) approved the sum of $1.5 billion for the rehabilitation Port Harcourt refinery in Rivers State.
The rehabilitation is expected to turn around the refineries and set them up to meet local oil demands.
