By Franca Joseph (AGENDAWATCHDOG) – President Muhammadu Buhari believes Nigeria has what it takes to become a net exporter of Premium Motor Spirit (PMS), and other petrochemical products.
The President Buhari made this known on Tuesday at the virtual inauguration of the 5,000 barrels per day Waltersmith Modular Refinery in Ibigwe, Imo State.
According to the president, his projection can be achieved through the implementation of the Refinery Roadmap rolled out in 2018, adding that the construction of modular refineries, which is one of the four key elements of his administration, will culminate in the realisation of the refinery roadmap, which will make Nigeria a net exporter of petroleum products to its neighbours and the world at large.
The inauguration of the modular refinery, which is the largest commissioned modular refinery in the country today, also featured the ground-breaking ceremony for the Phase-II works to expand the capacity of the refinery to 50,000 barrels/day.
Imo State Governor, Hope Uzodinma, and Mr Sylva cut the tape on behalf of the President at the event.
Others in attendance included the Group Managing Director of NNPC, Mele Kyari, NCDMB Executive Secretary, Simbi Wabote, and Chairman of WalterSmith, Abdulrazaq Isa, among others.