“The Edo Modular Refinery was the cynosure of all eyes this year as our partners on the project made immense progress and are on course to commission the plant, which would play a significant role in recalibrating the state’s economy.
“This project offers us a chance to be a leader in building modular refineries with the fabrication yard at the facility, we would also benefit from the increased economic activity in the state’s oil and gas scene, leading to more tax and growth in Gross Domestic Product (GDP),”
- Excerpt from Edo state budget presentation to the state assembly.
-10th Nov. 2020
How modular refineries can bridge Nigeria’s energy gap
With Nigeria’s four refineries currently operating below capacity, modular refineries if spread across the country, would bridge the nation’s energy gap, curb fuel insufficiency and permanently end importation of refined petroleum products into the country.
While the country’s daily fuel consumption stands between 38.2million and 52million litres daily, Nigeria’s four petroleum refineries are not only operating below capacity, but moribund despite billions of Naira sunk annually for turnaround maintenance by successive administrations.
Fyneface who is the Executive Director of Youths and Environment Advocacy Centre, YEAC, has urged the Federal Government to support, encouraged and provide licenses for artisanal refiners to set up modular refineries around the country.
“Modular refineries will curb hike in fuel price, because fuel will be produced locally, to serve the local economy, because the reason why there is incessant hike in fuel price is because of cost of importation, tax, exchange rate, etc, but if we produce locally, it will be cheaper.
“Government should give massive licenses for the construction and operation of modular refineries, especially to youths who are involved in artisanal refining and pipeline vandalism.”