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Minister says Nigeria to become petroleum products refining hub in Africa


Chief
Timipre Sylva, Minister of State for Petroleum Resources, disclosed this at the AfCFTA Oil and Gas Virtual Workshop, organised in collaboration with the Federal Ministry of Industry, Trade and Investment, under the theme: “
Nigeria – Africa’s Refining and Services Hub under the AfCFTA.”
Represented by Mr
Bitrus Nabasu, permanent secretary in the ministry, Sylva said Nigeria had ratified the AfCFTA, which would begin implementation in January 2021.
According to him, the AfCFTA aims to redefine trade relations within African states and proposes the creation of a central market for goods and services, enabling free movement of people and investments across Africa’s 54 countries. ....

Clement Isong , Timipre Sylva , Adeniyi Adebayo , Bitrus Nabasu , Services Hub , National Gas Expansion Programme , Petroleum Resources , Afcfta Oil , Ministry Of Industry , Major Oil Marketers Association Of Nigeria , Petroleum Industry , Gas Virtual Workshop , Federal Ministry , Dangote Refinery , Waltersmith Modular Refinery , Petroleum Industry Bill , Chief Executive Officer , Major Oil Marketers Association , Federal Government , சேவைகள் மையம் , தேசிய வாயு விரிவாக்கம் ப்ரோக்ராம் , பெட்ரோலியம் வளங்கள் , அமைச்சகம் ஆஃப் தொழில் , முக்கிய எண்ணெய் சந்தைப்படுத்துபவர்கள் சங்கம் ஆஃப் நைஜீரியா , பெட்ரோலியம் தொழில் , வாயு மெய்நிகர் பணிமனை ,

AfCFTA: Nigeria to become petroleum products refining hub, says Sylva


AfCFTA: Nigeria to become petroleum products refining hub, says Sylva
On
Sylva
The Federal Government says it will leverage the opportunities provided by the African Continental Free Trade Area Agreement (AfCFTA) to reposition the oil and gas sector.
The government said this action would transform the country into a petroleum products refining hub for the African region with its attendant socio-economic benefits.
Chief Timipre Sylva, Minister of State for Petroleum Resources, disclosed this at the AfCFTA Oil and Gas Virtual Workshop, organised in collaboration with the Federal Ministry of Industry, Trade and Investment, under the theme: “Nigeria – Africa’s Refining and Services Hub under the AfCFTA.” ....

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