The establishment of modular refineries in the Niger Delta will create more jobs for Nigeria’s teeming youth population and also tackle fuel scarcity in the country.
This was stated by Adeola Adenikinju, a research professor at the Centre for Econometrics and Allied Research and who has consulted for the Nigeria Liquefied Natural Gas (NLNG), in an interview with NDNewVision.
Prof. Adenikinju said, “It is a good development to have modular refineries in Nigeria and I think their existence will contribute to mitigating the perennial crisis of fuel scarcity. It will also help to some extent to address the issue of fuel subsidy along with its attendant challenges.
“The establishment and smooth running of modular refineries will also bring about employment to the benefit of the Nigerian economy. It will create job opportunities especially for our youths and professionals who currently walking on the streets without a job. “
He commended the Federal Government for its efforts towards establishing modular refineries in the Niger Delta, and urged that the refineries should be properly structured to ensure its smooth operations.
He added that while modular refineries would also stop the proliferation of illegal refineries, government should collaborate with academic and research institutions on “how to work with these modular refineries to ensure that the issue of quality is guaranteed.”
It would be recalled that recently, the Niger Delta Inter-Ministerial Committee at the Presidential Villa, Abuja, noted that 38 licensed privately financed greenfield and mini-modular refineries investors have so far indicated interests in the establishment of refineries in the region, and at least ten (10) of the licensed refineries investors are at an advanced stage of development.
The advanced stage of development means that these projects have passed the Licence to Establish (LTE) stage, while some have the Authority to Construct (ATC) licence or close to having it because they have met some critical requirements in the licensed stage.
There are three stages in the process of refinery establishment; Licence to Establish (LTE), Authority to Construct (ATC) and Licence to Operate (LTO).
So far, 10 modular refineries are located in five out of the nine states in the Niger Delta region; namely Akwa Ibom, Cross River, Delta, Edo and Imo states.