On May the 5th, 2017 Nigeria’s Petroleum Minister Ibe Kachikwu was alleged to have told journalists attending the Offshore Technology Conference in Houston Texas, that Nigeria’s refineries would soon have new investors, but the Senate halted that move with an order to the Ministry of Petroleum to suspend the planned concession to Agip and Oando.
But youths of the Niger Delta are not leaving anything to chance.
The youths argue that people of the region are eminently qualified to manage and run the refinery, having been recipients of years of environmental pollution.
They are also willing to provide 1.2 billion dollars required for the concessioning.
A quick resolution of the matter could save Nigeria huge foreign exchange and jobs from the importation of refined petroleum products.