Nigerian government offers more refinery licences
Uche Aneke, Abuja

President Goodluck Jonathan has assured investors that Government was willing to give licences to those interested in setting up refineries in the country, as part of the overall effort to raise the nation’s petroleum refining capacity and reduce the importation of refined products.
 
President Jonathan was speaking to a delegation of investors from Brazil, led by Mr. Reuben Voigt, chairman of the Voigt Group, at State House, Abuja.
 
He said Nigeria has four refineries, but their combined capacity do not meet the country’s needs, which has necessitated the need to  approve applications for refining licences.
 
The President said Nigeria was still a green area in terms of investments, and Government has opened up sectors of the economy, which were previously restricted, to private sector investment.
 
He directed the Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, to hold discussions with the Voigt Group, to explore areas of mutual cooperation.
 
Earlier, Mr. Voigt had said they were donating one hundred and twenty thousand  housing units to Nigeria over three years, adding that the Voigt Group was interested in investing in construction, housing, power plants,  petroleum refining and oil spillage clearing.
 
The delegation was led to State House by Mrs. Ngozi Olajeme, of the Nigeria Social Insurance Trust Fund.