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To curb youth restiveness, oil theft and even unemployment while achieving fuel sufficiency, Chiemelie Ezeobi writes that the Ministry of Petroleum Resources has intensified the drive to encourage modular refineries
In some Niger Delta communities, illegal refineries are gold mines. During a recent operation where THISDAY was embedded with naval forces in the Niger Delta, these illegal refineries have pipes running through the backyards of some houses close to the jetties from where they load these products into waiting boats.
There were underground pipes connecting crude oil reservoirs suspected to have been siphoned from wellheads along Trans-Forcados by the criminals, who run other pipes to various tanks and dugout pits, such that diesel, kerosene and the waste products go into different channels from their heat ovens through hoses and metal pipes.
NCDMB boss identifies MSMEs as backbone of Nigeria economy despite challenges NCDMB boss identifies MSMEs as backbone of Nigeria economy despite challenges
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The Executive Secretary of the Nigerian Content Development Monitoring Board (NCDMB), Mr Simbi Wabote, has stated that in spite of the daunting challenges against the development and growth of the Micro, Small and Medium Enterprises MSMEs in Nigeria, that segment of the economy remains the backbone of the nation’s economy.
Speaking at the weekend at Niger Delta MSME Summit held in Port Harcourt, Wobote identified three major challenges of MSMEs as inadequate electricity, lack of access to funds and the informality of the sector of the economy.
Wabote
Mr Simbi Wabote, the Executive Secretary of the Nigerian Content Development Monitoring Board (NCDMB), on Friday tasked young Nigerians to engage in constructive engagement that would enable them to plan strategically for economic survival in the country.
Wabote made the remarks during a one day summit for 2021 Niger Delta Micro Small and Medium Enterprises with the theme ‘Stimulating MSME’s Growth Beyond Oil’ in Port Harcourt.
He urged young Nigerians to prepare themselves to be competitive in the emerging world economic order beyond oil-and-gas.
Wabote stated that the theme of the summit was very apt and timely, in view of the fact that energy transmission has become an immediate reality, and must ensure that the Niger Delta region is not left behind from the shift away from the fossil fuel and renewable energy.
Nigeria needs as much fuel as it can refine. With the roaring into life of modular refineries, the nation’s journey to self-sufficiency has begun, Nume Ekeghe reports
When President Muhammadu Buhari performed the virtual inauguration of the National Oil and Gas Excellence Centre on January 21, 2021, on one of the issues he spoke about was modular refinery. He mentioned the completion of the 5,000 barrels per day Waltersmith Modular Refinery.
The refinery is near the Ibigwe marginal field flowstation in Imo State. It is the biggest commissioned modular refinery in Nigeria. The African refinery project is being developed in phases by Waltersmith Refining and Petrochemical Company, a subsidiary of Nigeria-based Waltersmith Petromen Oil.