Vice President Yemi Osinbajo has said that the President Muhammadu Buhari administration is committed to promoting the establishment of privately financed modular refineries in the country.
This, he said, will increase local refining capacity, create jobs, ensure peace and stability in the Niger delta region.
A statement by the Senior Special Assistant on Media and publicity, Laolu Akande, said that the initiative which featured prominently in recent talks between the Federal Government and the oil-producing areas, as represented by PANDEF, will also reposition the petroleum industry and ensure self-sufficiency of petroleum products, while serving as a disincentive for illegal refineries and oil pollution.
According to the statement released on Saturday, he said “At an end-of-the-year review meeting of the Niger Delta Inter-Ministerial Committee at the Presidential Villa, Abuja, before the holidays, Prof. Osinbajo noted that the Federal Government, in line with its Niger Delta New Vision, is targeting measurable objectives in its efforts towards implementing development projects in the region.
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