L
LequteMan
Guest
The Group Executive Director/Chief Operating Officer, GED/COO, Commercials, NNPC,Dr. Babatude Adeniran, has announced that the state oil firm is making moves to make Nigeria self-sufficient in the supply of petroleum products.
“The current situation being experienced by the general public with respect to the lingering scarcity, calls for a new thinking towards making the country self-sufficient in the supply of petroleum products.
“NNPC has commenced the process of increasing the refining capacity of the existing refineries through co-locations of private refining infrastructure. This is to balance the country’s needs, as importation of petroleum products doesn’t create jobs, rather it causes loss of tax income to the government, and also creates a large amount of emotional backlash when people have to queue for days looking for fuel.”
“The Federal Government can fund the development of modular refineries in the country. Nigeria relies majorly on importation, creating jobs for people overseas, thereby increasing unemployment in the country,” he added.
Vanguard
“The current situation being experienced by the general public with respect to the lingering scarcity, calls for a new thinking towards making the country self-sufficient in the supply of petroleum products.
“NNPC has commenced the process of increasing the refining capacity of the existing refineries through co-locations of private refining infrastructure. This is to balance the country’s needs, as importation of petroleum products doesn’t create jobs, rather it causes loss of tax income to the government, and also creates a large amount of emotional backlash when people have to queue for days looking for fuel.”
“The Federal Government can fund the development of modular refineries in the country. Nigeria relies majorly on importation, creating jobs for people overseas, thereby increasing unemployment in the country,” he added.
Vanguard
