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Nigeria: Jonathan Vows to Increase Petrol Refining Capacity
- Posted by: Staff Writer just now in General 0 Comments
- Goodluck Jonathan Nigerian President
- PRESIDENT Goodluck Jonathan has assured investors that government is willing to give licences to those interested in setting up refineries in the country, as part of the overall effort to raise the petroleum refining capacity in the nation and reduce the importation of refined products.
  
  The president was speaking to a delegation of investors from Brazil, led by Mr. Reuben Voigt, chairman of the Voigt Group, at State House.
  
  According to him 'Nigeria has four refineries, but their combined capacity does not meet the country's needs, so we are willing to approve applications for refining licences'.
  
  The president also said Nigeria is still a green area in terms of investments, and government has opened up sectors of the economy, which were previously restricted, to private sector investment.
  
  He directed the Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, to hold discussions with the Voigt Group, to explore areas of mutual cooperation. The Ministers of Housing, Trade and Investment, Power and FCT (State) also attended the discussions.
  
  Earlier, Mr. Voigt had said they were donating 120,000 housing units to Nigeria over three years, adding that the Voigt Group is interested in investing in construction, housing, power plants, petroleum refining and oil spillage clearing.
  
  The delegation was led to State House by Mrs. Ngozi Olajeme, of the Nigeria Social Insurance Trust Fund.
Tags:Brazil, Goodluck Jonathan, Ngozi Okonjo-Iweala., Reuben Voigt
Source:The Moment