FG offers 43 licences for large modular refineries

The Federal Government has disclosed that about 43 refineries, including large scale and modular refineries have been licensed to refine petroleum products across the country.

The Senior Technical Adviser to Nigeria’s Petroleum Minister on Refineries and Downstream Infrastructure, Rabiu Suleiman, told The Guardian in an exclusive interview that two of the refineries (modular) would be inaugurated in the coming week in the Niger Delta region.

Suleiman, who said the plan is aimed at meeting local demand and export of petroleum products, added that some of the organisations have also been granted import waiver to enable quick take-off of the projects.

Although Nigeria is a leading producer of crude oil and gas, the country has remained the only oil producer that relies completely on the importation of refined petroleum products to meet local need.

The development has given rise to economic challenges, infrastructure shortfall, unemployment, budget deficit as well as poverty, especially as government struggles to pay subsidy on over 55 million of Premium Motor Spirit (PMS) also called petrol consumed daily, a system fraught with high-level corruption.

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