About 25 licences that were given to private operators between 2002 and 2014 to build refinery complexes in Nigeria will be reviewed at again and those that have remained inactive will be revoked, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. Kachikwu said last week when he hosted a group of online news outlets in Abuja that as part of its ongoing efforts to sanitise Nigeria’s downstream petroleum sector, the government was going on to review the status of the refinery licences.

He noted that those who had crossed certain acceptable operational thresholds would be allowed to go on with their works while those who haven’t would be cancelled. “The next stage of this is that we are going to look at all the licences that have been given out; some of them were given a window within which to build their refineries and we are going to revoke the ones that were not used,” said Kachikwu in response to a question on the status of the licenses.

He further explained: “The reason they did not use the licences is that unless the price is right on the outer point, your economics cannot balance. So, no refinery investment in the world comes to a country where there is no liberalisation and it is not just Nigeria because if you don’t liberalise, nobody is going to invest in your refineries.

Read more http://www.sofreedomains.com/2016/05/nigeria-to-revoke-unused-refinery.html

We shall see soon, we are tired of this and that

That's gud

I just like and trust this man
Good one

I pray this will work out for the populace