*How to turn artisanal refiners into strategic partners in the oil-producing areas, by VP

The integration of artisanal and modular refinery operators into mainstream oil and gas sector promotes the inclusion of more local content in the industry and advance the use of home-grown technology in the refining of petroleum products, according to Vice President Yemi Osinbajo, SAN.

Prof. Osinbajo stated this today in an address delivered virtually at a National Summit on the Integration of Artisanal and Modular Refinery Operations in Nigeria.

According to the Vice President, “we are confident that the integration of artisanal and modular refinery operations into the oil and gas sector will not only promote the inclusion of more local content in the industry; it will advance the use of home-grown technology in the refining of petroleum products and also curtail illegal oil activities in the Niger Delta regions.”

It will be recalled that following Mr President’s directive, Vice President Yemi Osinbajo in 2016 embarked on a tour of oil-producing communities in the Niger Delta, in a bid to address lingering issues in the region.

This was preceded by the President’s meeting with Niger Delta leaders under the aegis of Pan-Niger Delta Forum, (PANDEF) which led to the PANDEF 16-point demand to the Federal Government and was subsequently captured in the Federal Government’s 20-point agenda to develop the region.

“One of the nagging issues we were confronted with during my tour was how to deal with the proliferation of artisanal refinery and its attendant negative environmental impact. Our solution was to promote the establishment of modular refineries,” Prof. Osinbajo recollected.

Speaking on how to resolve the issue, the Vice President noted that “these artisanal refiners will be seen as investors and considered for strategic equity partnerships with technical and financial partners.

“This vision is hinged on the commitment of this present administration to develop the region and ensure that the people of the region benefit maximally from the wealth of their land. Indeed, the New Vision speaks to a progressive partnership between the federal government, state government, private sector, and the local communities.”

Explaining the Federal Government’s position on the adoption of a viable model, Prof. Osinbajo said, “the transition from artisanal refineries to modular refineries has been delayed because of the operators’ expectation that this process will be fully underwritten by Government.

“However, what this framework envisages is a private sector-led partnership with equity participation from the state government or its agencies, registered local cooperative societies and the integration of regional refinery stakeholders, with the private investor having majority equity.”

While calling on stakeholders at the summit to fashion a workable and viable blueprint that will guide and facilitate the integration of artisanal and modular refinery operators, the Vice President said the gains of a seamless integration are enormous.

“We are confident that the integration of artisanal and modular refinery operations into the oil and gas sector will curtail illegal oil activities in the Niger Delta regions.

“It will also promote the availability of petroleum products, stabilize prices, eliminate shipping costs and provide employment opportunities for the youths in the region and Nigeria in general,” Prof. Osinbajo stated.

In addition, the Vice President said “we recognize that with enough artisanal and modular refineries in the country, we should be able to conserve foreign exchange now utilized for the importation of petroleum products and promote socio-economic development.

“The resultant proliferation of employment opportunities will also have the effect of curbing youth restiveness which is largely driven by a dearth of socioeconomic opportunity. With most of the youth engaged in productive endeavours, the region will be able to turn a new page in its history.”

The summit was convened by the Senior Special Assistant to the President on Niger Delta Affairs, Sen. Ita Enang. Dignitaries at the meeting include the Minister of State, Budget and National Planning, Prince Clem Agba; representatives of the Minister or Niger Delta Affairs, Godswill Akpabio; Minister of Science and Technology, Ogbonnaya Onu; and Minister of State, Petroleum Resources, Chief Timipre Sylva.

Other dignitaries who joined the meeting virtually include Hon. Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed, and Hon. Minister of Environment, Dr. Mahmood Abubakar.

Laolu Akande
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President

16th March 2021

Osinbajo, The great Man.

Our own @[/b] be say : [b]STARBOY and ZULUM all da Way.

Come 2023 BGG,
STARBOY and ZULUM we dey for una.
Whether the evil ones like it or not,
Nigeria will succeed.

Topmaike007:
I like this your combo...

Pls when will APC membership card revalidation exercise end..

I need to collect mine

Our Combo is actually a well selected great Combo to move our nation forward.
That being said,,
Chief Topmaike,
We no too know about this APC revalidation tin o.
We are not actually a card carrying member of any political party in Nigeria.
The only 2 guys we love in Naija politics are our darling Daddy and his amiable Vice.
Now, Zulum has joined the rank.
We only go to the polls on election day to cast our votes for good, honest men that meant well for the nation, no matter the party they are.
And you don't have to be a party member to do that.

But in the past one month, we have noticed how all the top big wigs and non-politicians alike are all joining APC in their various Constituencies, from Governors, to Businesses owners and Entrepreneurs.
We are looking and researching about the good ones among them already.

Serveyouright:

The best for the job so far. If only greedy men in politics will allow this combo to fly.

We sane, good, honest and hardworking Nigerians will do all in our power to make this Combo work.
That is why we all must come together.

Nigeria will be great again in our lifetime

iHart:
I love this man

We Love him too.
Only fraudsters, criminals, thieves and losers in life don't like him obviously .
The same nuisances that do not like sane, good and honest members here.
Two time losers.

Our next President Insha Allah.
By God's Grace.

Good luck.

You can only do your best and hope as the Second in Command so long as you have the Dementia Patient as the number One.

Nigerians Will Never Repeat the Mistake of 2015

Promotion of modular refineries ensures that one single person doesn't have the monopoly over crude oil products. I support this move by osinbanjo but license fees and certain regulations should be relaxed to enable the small players enter into the field. Modular refineries is a solution to breaking monopolistic bastards.

If we need more local content,We need to build our refineries. Why can’t Nigeria have a functioning refinery self ?

Hmm

Them finally get sense.

This is the right step instead of destroying artisanal refineries right and left in the name of illegal installations.

We know its illegal, but we need them, so just make them legal

you guys succeeded in running the country aground, then turned around to mock us. You promised one refinery every year, and we can see none.
Now the goal is clear, increase debit alert for Nigerians and reduce credit alert to the minimum, weaponize poverty to the point where people will see you as the messiah for giving them money for bread that can't buy sachet water cause of inflation.

Worst things to happen to Nigeria

This will be a great move,the refineries must not be placed in only one man's hand,south needs to key in seriously

They are just after the exploration of the oil,but they neglect the communities that has been polluted due to this exploration.

This man should contest for the sit of Nigeria President

Nice one

post=99950561:
Our next President

Not longer the � eyes drug Baron?

Mr VP ...where is the functional NNPC refineries you promised us

When this man talk, you'll know he knows what he's saying.. unlike his vegetable boss,that one lack everything wey reasonable person suppose have..

I love this man

Until it happen.

no be lie

Sheriman:
This man should contest for the sit of Nigeria President

‘Seat’


Btw I think he’ll succeed Buhari but let’s wait and see

Respect yourself

Bubu won't like this

gfon:
They are just after the exploration of the oil,but they neglect the communities that has been polluted due to this exploration.

Let this communities come together and refine and sell their crude oil.....

merits:

what will you do with space you booked. come to my shrine for deliverance

While the world is moving towards clean renewable energy, Nigeria is bent on embezzling oil money which we know will soon become obsolete.

Good one from osibaba

My guy!

if this will be fastracked to mitigate the impact of artisenal refinery on the environment.
We deserve better in Niger Delta, because it's appauling to be hungry while you have food at your back yard.

Is APC still campaigning?

This is the only sensible man in this Buhari-led administration.