Invest In Modular Refining Sector - FG To Nigerians

The Government of Nigeria is calling on Nigerians to come invest in the modular refining sector, that the sector has been derisked. Read details below.:

According to FG, the sector has been derisked and if you're afraid that you can't refine, don’t go and do illegal refinery. Come and do legal refining and we are ready to give you licence.

While 44 refinery licences have been given to private investors over the years, only a few projects are underway.

According to the DPR, there are a total of 38 proposed modular refineries with capacity ranging from 5,000 barrels per day to 30,000bpd, and six conventional plants with a total capacity of 1.35 million bpd.

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Last year, the 5,000bpd modular refinery built by Waltersmith Refining and Petrochemical Company Limited in Imo was inaugurated.

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