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LequteMan
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The Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, has said there's no plan to sell any of Nigeria's refineries, but may encourage joint venture investments in the facilities.
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.
“There will never be a plan to sell the refineries. There might be a plan to have joint venture investors, but that is going to depend on how the refineries are going to work on their own. Obviously, we are going to be looking at all options to make the refineries 100 per cent efficient,” he said.
Nigeria currently has four refineries in Rivers, Delta and Kaduna states with two of them in Eleme.
Punch
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.
“There will never be a plan to sell the refineries. There might be a plan to have joint venture investors, but that is going to depend on how the refineries are going to work on their own. Obviously, we are going to be looking at all options to make the refineries 100 per cent efficient,” he said.
Nigeria currently has four refineries in Rivers, Delta and Kaduna states with two of them in Eleme.
Punch