President Muhammadu Buhari has said that a second modular refinery is scheduled for commissioning by the end of this year in Edo State and the third one in Bayelsa State by 2022.
The President stated this during his televised broadcast on Friday to mark Nigeria’s 61st Independence anniversary.
He further said “in addition to the modular projects, we also have the two mega refinery projects coming up in Lagos and Akwa Ibom States”.
He pointed out that “As these refineries are commissioned, more employment opportunities are created and there would be increased petroleum products available for local consumption which will significantly reduce our reliance on importation”.
He said his administration remains committed to the “Decade of Gas” Initiative, which is aimed at bringing to focus the utilization of the huge gas resources in the country.
“In further demonstrating our plan to reduce our dependence on oil and tapping from our enormous gas resources, this administration remains committed to the “Decade of Gas” Initiative, which is aimed at bringing to focus the utilization of our huge gas resources.
”Already, we are supporting and promoting various gas-based projects including NLNG Train 7 and the mega urea and ammonia projects in the South-South region.”
“As we continue to optimise and enhance our oil and gas sector, I am also proud and delighted to state that our economic diversification strategy remains on course with the persistent increase in Non-Oil Sector contribution to GDP”.
He reiterated that Nigeria’s Roadmap on local refining is on track with the Commissioning of a Modular refinery in Imo State.
