The Federal Government said it has concluded plans to crash the price of petroleum products in the country.
The Senior Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Senator Ita Enang disclosed this over the weekend during an interaction with journalists in Uyo, the Akwa Ibom State capital.
Enang said the FG decided to integrate local (illegal) refiners into the mainstream refining in the country, adding that that would be formalized during the National conference on artisanal and modular refining which would come up on March 15-17, 2021 in Abuja.
He further said the FG had agreed to partner with those in the creeks on how to legalise their businesses and make petroleum products an affordable commodity in the country.
According to him the executive found a need to agree with those in the creek because It is more necessary to do in-country refining to avoid certain duties and charges connected with importation of Petroleum products.
Speaking about the conference, Hon. Enang said that persons who have different capacities to do different things would come, even the illegal refiners would also come, and all will be allowed to freely showcase how they ply their trade and afterwards be taught how they can improve upon it by giving them new modern equipments to aid their innovative strides.
The presidential aide posited that the resolve behind this step by the Federal government was because during the Nigeria civil war that lasted for 30 months which had Biafra cut off from the entire world, they never imported petroleum products as they were producing and refining locally and expressed optimism that the capacity is still there.
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