Browsing: modular refineries

Besides the monthly payment of between N65, 000 and N66,000 to the former militants, the funds would also finance reintegration activities, including payment of tuition fees for Niger Delta students who are in post-secondary institutions at home and abroad, payment of in-training and hazard allowances and vocational training costs.

“Our advice however is that government should not politicize it, they should identify those who are already in the business and leverage on their expertise as well as enhance their capacities. Those with some kind of experience will be easier to train for the pilot scheme and we shall be more than willing to work with government to showcase our skills, before now they had branded us illegal.”

“Illegal refining activities currently taking place in the creeks and environs are alarming. These have led to pipeline vandalism, river and land pollution, environmental degradation, oil theft and loss of revenue to the Federal Government. The poorly refined products when sold and distributed will result in economic and health disasters such as vehicle breakdown and kerosene explosions, among others.”

Already, nine companies have submitted bids for co-location of new refineries within the complexes of Nigeria’s three existing refineries in Kaduna, Warri and Port Harcourt, which are expected to increase the nation’s refining capacity from 445,000 barrels per day (bpd) to 650,000bpd.

He debunked insinuations that what government did was to remove subsidy from petroleum products adding that, “there was no subsidy in the first place. One Trillion Naira was paid out as subsidy last year, therefore, in the 2016 budget, government refused to make provision for subsidy.”