Warri and Kaduna refineries back up

The renovation of the two refineries is as a result of a series of discussions between CBN, Nigerian National Petroleum Corporation (NNPC) and the Federal Government.

 

This news will be a source of Joy to all Nigerians who have wondered why a country that has crude oil should keep importing fuel.

Well, importation of fuel, will soon be a thing of the past.

News reaching Pulse says that the Federal Government plans to reduce fuel importation because the Warri and Kaduna refineries will be functioning at full capacity.

The  Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele gave a hint, at the July Monetary Policy Meeting, held at the CBN headquarters in Abuja.

He added that the renovation of the two refineries is as a result of a series of discussions between CBN, Nigerian National Petroleum Corporation (NNPC) and the Federal Government.

Emefiele said “We have met with NNPC and Warri Refinery has begun producing fuel. Kaduna will soon begin production and so we are going to see a drastic reduction in the import of premium motor spirit.”

Adding that it will reduce the expenditure of Government.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

APC Chieftain says almost all party members are angry about Fani-Kayode’s defection

Police begin investigation into Enugu INEC office fire incident

Buhari approves incorporation of NNPC, appoints board members

APC foundation members in Enugu send 'SOS' message to Buhari

Have Nigerians become comfortable with the Twitter ban? [Pulse Contributor's Opinion]

Thugs set Enugu INEC office on fire

COVID-19: FG removes India from restricted countries’ list

Obadiah Mailafia, former deputy governor of CBN dies at 64

Orji Kalu commends Buhari over Southeast visit