GMD, NNPC, Dr. Emmanuel Kachikwu
THE Federal Government has said it has no plan to sell any of the refineries, but may encourage joint venture investments in the facilities.
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, made this statement on Wednesday shortly after inspecting the Port Harcourt refinery in Eleme Local Government Area of Rivers State.
Nigeria currently has four refineries in Rivers, Delta and Kaduna states with two of them in Eleme.
Kachikwu explained that rather than sell the nation’s refineries, government would embrace the option of increasing their capacity by making them 100 per cent efficient.
The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, made this statement on Wednesday shortly after inspecting the Port Harcourt refinery in Eleme Local Government Area of Rivers State.
Nigeria currently has four refineries in Rivers, Delta and Kaduna states with two of them in Eleme.
Kachikwu explained that rather than sell the nation’s refineries, government would embrace the option of increasing their capacity by making them 100 per cent efficient.