The Nigerian government has announced the plans of consortium of investors from South Korea to build four 100,000-barrel capacity refineries.
The Nigerian government noted that it is encouraging investors to build refineries by providing an open environment for all.
Although the government did not reveal the name of the consortium, the minister said, “We encourage investors to build limited refineries by providing an open environment.
The government also stated the deregulation of the downstream sector is 100 percent.
"We will ensure the deregulation of the downstream sector is 100 per cent and put in place a necessary framework that will ease the impact on the poor masses...
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