Jonathan approves modular refineries to ease supply of petroleum products … As labour presses for reduced fuel price

In another attempt to ease supply of petroleum products and possibly take advantage of the low crude oil prices in the international markets, President Goodluck Jonathan has approved the establishment of modular refineries.
This is exactly 12 years after the General Olusegun Obasanjo (rtd) government granted licenses to 18 refineries to produce petroleum products. None of them ever started operations. 
Currently, Nigeria’s four refineries, with combined capacity of 445,000 barrels per day have long been operating far below full capacity as they are in different states of disrepair. The federal government had granted licenses to private investors to build 18 refineries since 2002 but none of them was successful, 12 years after. 
The licensees included Akwa Ibom Refinery and Petrochemicals, Tonwei Refinery, Badagry Petroleum Refinery, Clean Water Refinery, IIaje Refinery and Petrochemicals, Niger Delta Refinery and Petrochemicals, NSP Refinery and Oil Services, Ode Ade Refinery, and Orient Petroleum Resources Ltd.
A lot of Nigerians, particularly the labour movements are irked by the fact Nigeria is thinking of increasing fuel prices, whereas other countries are reducing the price of petroleum products prices as a result of the fall in international oil prices.
Nigeria Labour Congress (NLC) has formerly called on the Federal Government to reduce the pump price of petroleum products in line with falling crude prices in the international market as has been done by other importers of refined petroleum products. Congress also warned that the socio-economic and political happenings in the country are not only frightening, but getting to a situation that may undermine the nation’s democracy. At an interactive meeting with journalists, General Secretary of NLC, Dr Peter Oso-Eson, said NLC was worried that though the nation was actually at war, the body language of the country’s political leaders did not suggest so, lamenting that Nigeria was increasingly witnessing wanton and arbitrary exercise of power by political leaders.

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