Business
‘FG, Key To Modular Refineries’ Success’
An economic analyst, Navy Capt. Erasmus Victor (rtd), has said that for the Federal Government’s plans to set up Modular Refineries in oil producing communities to be successful, there has to be total commitment to the course by the government.
Capt. Victor, who made this assertion in a chat with newsmen in Port Harcourt, Friday, said it was commendable to plan to boost the nation’s refining capacity with a view to ending petroleum products importation by setting up Modular Refineries , however added that it would take more than lip service to make it work.
He noted that government had, in the past, made laudable promises which he said ended up unfulfilled and wondered why this was so, given the natural and human resources the country was blessed with.
The senior citizen observed that if the promise to set up modular refineries would be implemented, Nigeria would not have any reason to import petroleum products.
He explained, “government has said many things which they have not done and the issue of modular refineries would not be different”.
He further said, Nigeria has an advantage over other self-sufficient countries in that, the product is readily available and there are investors willing to come into the country to invest in the Modular Refinery if the government would have the political will without any sentiments or segregation to implement and enforce laid down policies.
He also noted that there were elements in government whose stock –in-trade was to frustrate lofty government ideas for their selfish gains and called for such persons to be flushed out of the system.
Tonye Nria-Dappa