Approve Local Refineries to Boost Nigeria’s Revenue, Senate Tells Buhari
Written by on April 28, 2022
The Senate yesterday urged the President Muhammadu Buhari-led government to encourage the establishment of local refineries to avoid further disasters in the Niger Delta and boost Nigeria’s revenues.
The Senate’s resolution was sequel to a point of order raised by Senator Rochas Okorocha representing Imo West Senatorial District.
Okorocha, had while relying on order 42 of the Senate Standing Order, 2022 as amended, during plenary, drew the attention of his colleagues to the recent death of 110 persons.
He said those affected lost their lives following an explosion at the site of an illegal refinery in Abaezi community, Ohagi-Egbema Local Government Area of Imo State on Friday, April 22, 2022.
He said the tragic incident had thrown the state into mourning.
The lawmaker, then called on the federal government to consider a legislation to provide for local technology for artisanal and modular refinery considering the gap in Nigeria’s refining capacity.
Corroborating the submissions of Okorocha, the Senate President, Ahmad Lawan, underscored the need for local refining of petroleum products to boost the nation’s revenue.
He called on the federal government to take prompt action through the introduction of regulatory policies to prevent disasters associated with the illegal refining of crude oil in Nigeria.