Downstream / Upstream

FEDERAL GOVERNMENT PROMISE DEVELOPMENT OF DOWNSTREAM SECTOR

SALAU OLAMIDE

 

President Muhammadu Buhari said the country would focus on developing the downstream sector of the nation’s petroleum industry with the aim of pushing refined petroleum products to markets across countries in Africa.

 

The President, address the recurring cases of corruption, accountability and transparency in the sector.The President said: “Nigeria is open to private sector investment in the downstream sector and pursuing vigorously a programme for the rehabilitation of existing refineries so as to enhance capacity to supply locally refined petroleum products in Nigeria and West Africa.He said the plan is a fragment of the national petroleum industry roadmap and the 2017 to 2020 Economic Recovery and Growth Plan (ERGP) and the economic growth will increase seven per cent.

PHOTO CREDIT: thisdaylife.com

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