Lokpobiri stated this while speaking to newsmen shortly
after a tour of WalterSmith Modular Refinery in Ibigwe, Imo State.
He said that to this end, the Federal Government will
support anyone with proven record of success, who shows interest in investing
in a modular refinery with funds.
Lokpobiri further said that the Federal Government is
committed to ensuring that there is sufficient supply of petroleum products to
satisfy the consumption needs of Nigerians, which explains why it is keen about
the rehabilitation of the nation’s refineries across the country to make them
functional.
The minister stated, “Based on that, the President had
directed that I take charge of the programme to rehabilitate our state-owned
refineries. That is why I have gone round the Port Harcourt, Warri and Kaduna
refineries.
“But you know, the shortest way to addressing our energy
problems is modular refineries. That is what I was told by the Nigerian Content
Development Monitoring Board, NCDMB, who said that I need to visit the
WalterSmith Refinery.
“That is why I am here today to see things for myself. I am
sure anybody who enters here will be very proud of what we are seeing here.”
The minister, however, said that the biggest challenges that
modular refineries have are “feedstock and access to funding,” which he said
the Federal Government was addressing.
He added, “That is why the Bank of Industry, BoI, is here,
and that is why the NCDMB is also here to take this collaboration to the next
level.
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