Deploying modular refineries will raise products’ export — Buhari

President Muhammadu Buhari on Tuesday said the implementation of his administration’s refinery road map rolled out in 2018 would make Nigeria a net exporter of petroleum products with the deployment of modular refineries.

President Buhari said this at the virtual inauguration of the 5,000 barrels per day Waltersmith Modular Refinery in Ibigwe, Imo State, as well as the ground-breaking ceremony for the Phase-2 works to expand the capacity of the refinery to 50,000 barrels/day.

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The president said the establishment of modular refineries in the country, which is one of the four key elements of the road map, would make petroleum products like kerosene, diesel, and premium motor spirit (PMS), popularly known as petrol, available in the country and eliminate importation.

‘‘The role played by the federal government through the Nigerian Content Development and Monitoring Board (NCDMB) in going into collaboration with Waltersmith Refining and Petrochemical Company is novel in concept and superb in delivery,’’ he said in a statement issued by his spokesman, Femi Adesina.