Private Sector

Why Isn’t Government Not Building or Licensing The Private Sector To Operate Refineries?

November 24, 2014 // 0 Comments

The Federal Government had always realised the importance of private initiatives in the refining of crude oil in the country. This was the case in the beginning before government took over the function. Already, 18 companies have been given licenses to establish and operate private refineries, indicating government’s commitment to ensure adequate refining capacity. However, the nation in the interim has to rely on importation because it will take some time before the processes of [...]