FG committed to establishment of modular refineries in N’ Delta – Osinbajo

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According to Vice President Yemi Osinbajo, the Buhari administration is committed to promoting the establishment of privately financed modular refineries so as to increase local refining capacity, create jobs, ensure peace and stability in the Niger delta region, Premium Times reports.

At an end-of-the-year review meeting of the Niger Delta Inter-Ministerial Committee at the presidential villa, Abuja, before the holidays, Mr. 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.

The December 22 meeting received a report that 38 licensed privately-financed greenfield and mini-modular refineries investors have so far indicated interests in the establishment of refineries in the region, and at least ten (10) of the licensed refineries investors are at an advanced stage of development.

Other issues addressed at the end of the year meeting include the Maritime University, Ogoni Clean-up, and other related issues such as increasing support for Small and Medium-sized Enterprises (SMEs) in the region.