• About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, October 6, 2025
Daily Concord News
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    NSA Ribadu Leads Resolution of PENGASSAN–Dangote Refinery Dispute

    NSA Ribadu Leads Resolution of PENGASSAN–Dangote Refinery Dispute

    Investor Confidence in Nigeria Deepens as Renaissance Capital Visits Finance Minister

    Wale Edun Reassures Nigerians of Steady Petroleum Supply, Resolves Dangote Refinery Concerns

    FG Refutes False Claims of Religious Genocide in Nigeria

    FG Refutes False Claims of Religious Genocide in Nigeria

    Edun, Kyari Discuss Seed Certification Reforms to Bolster Food Security

    Edun, Kyari Discuss Seed Certification Reforms to Bolster Food Security

    NSA Ribadu to Lead Stakeholder Engagement as Tinubu Receives Ogoni Dialogue Report, Confers Honours on Ogoni Four

    NSA Ribadu to Lead Stakeholder Engagement as Tinubu Receives Ogoni Dialogue Report, Confers Honours on Ogoni Four

    Wale Edun Champions Local Government Empowerment as Key Pillar of Economic Reform

    Edun Steers Economic Team as Nigeria Launches Livestock Growth Plan

  • Politics
  • Business
  • Sports
  • Entertainment
    • All
    • Gaming

    Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

  • Tech
    The Imperative of Corporate Governance in Nigeria’s Telecommunications Industry

    The Imperative of Corporate Governance in Nigeria’s Telecommunications Industry

    NASENI Launches N250m ‘Innovate Naija’ Challenge at GITEX Nigeria

    NASENI Launches N250m ‘Innovate Naija’ Challenge at GITEX Nigeria

    NCC Launches Landmark Corporate Governance Guidelines to Transform Nigeria’s Telecom Sector

    Nigeria to Revamp Telecom Policy as NCC Plans Quarterly Operator Rankings

    NCC Launches Landmark Corporate Governance Guidelines to Transform Nigeria’s Telecom Sector

    NCC Launches Landmark Corporate Governance Guidelines to Transform Nigeria’s Telecom Sector

    WSIS: NCC’s Digital Awareness Programme Wins 2025 Prize for Access to Information and Knowledge

    WSIS: NCC’s Digital Awareness Programme Wins 2025 Prize for Access to Information and Knowledge

    NASENI Excited Over President Tinubu’s “Nigeria First Policy”

    Why Nigeria Must Manufacture Its Own Solar Panels

    Trending Tags

  • Lifestyle
    • All
    • Culture
    • Food
    • Health
    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    The Unifying Factor of Culture

    Examining Arts as a Unifying Elements

    The Unifying Factor of Culture

    The Unifying Factor of Culture

    Senate President Greets Asiwaju Bola Tinubu @69

    Senate President Greets Asiwaju Bola Tinubu @69

    Trending Tags

  • Opinion
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    NSA Ribadu Leads Resolution of PENGASSAN–Dangote Refinery Dispute

    NSA Ribadu Leads Resolution of PENGASSAN–Dangote Refinery Dispute

    Investor Confidence in Nigeria Deepens as Renaissance Capital Visits Finance Minister

    Wale Edun Reassures Nigerians of Steady Petroleum Supply, Resolves Dangote Refinery Concerns

    FG Refutes False Claims of Religious Genocide in Nigeria

    FG Refutes False Claims of Religious Genocide in Nigeria

    Edun, Kyari Discuss Seed Certification Reforms to Bolster Food Security

    Edun, Kyari Discuss Seed Certification Reforms to Bolster Food Security

    NSA Ribadu to Lead Stakeholder Engagement as Tinubu Receives Ogoni Dialogue Report, Confers Honours on Ogoni Four

    NSA Ribadu to Lead Stakeholder Engagement as Tinubu Receives Ogoni Dialogue Report, Confers Honours on Ogoni Four

    Wale Edun Champions Local Government Empowerment as Key Pillar of Economic Reform

    Edun Steers Economic Team as Nigeria Launches Livestock Growth Plan

  • Politics
  • Business
  • Sports
  • Entertainment
    • All
    • Gaming

    Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

  • Tech
    The Imperative of Corporate Governance in Nigeria’s Telecommunications Industry

    The Imperative of Corporate Governance in Nigeria’s Telecommunications Industry

    NASENI Launches N250m ‘Innovate Naija’ Challenge at GITEX Nigeria

    NASENI Launches N250m ‘Innovate Naija’ Challenge at GITEX Nigeria

    NCC Launches Landmark Corporate Governance Guidelines to Transform Nigeria’s Telecom Sector

    Nigeria to Revamp Telecom Policy as NCC Plans Quarterly Operator Rankings

    NCC Launches Landmark Corporate Governance Guidelines to Transform Nigeria’s Telecom Sector

    NCC Launches Landmark Corporate Governance Guidelines to Transform Nigeria’s Telecom Sector

    WSIS: NCC’s Digital Awareness Programme Wins 2025 Prize for Access to Information and Knowledge

    WSIS: NCC’s Digital Awareness Programme Wins 2025 Prize for Access to Information and Knowledge

    NASENI Excited Over President Tinubu’s “Nigeria First Policy”

    Why Nigeria Must Manufacture Its Own Solar Panels

    Trending Tags

  • Lifestyle
    • All
    • Culture
    • Food
    • Health
    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    The Unifying Factor of Culture

    Examining Arts as a Unifying Elements

    The Unifying Factor of Culture

    The Unifying Factor of Culture

    Senate President Greets Asiwaju Bola Tinubu @69

    Senate President Greets Asiwaju Bola Tinubu @69

    Trending Tags

  • Opinion
No Result
View All Result
Daily Concord News
No Result
View All Result
Home News local

Modular Refineries Will Make Petroleum Product Available,Eliminate Importation – President Buhari

Tunde Abiola by Tunde Abiola
November 24, 2020
in local, News
0
0
SHARES
66
VIEWS
Share on FacebookShare on Twitter

President Muhammadu Buhari Tuesday said the establishment of modular refineries in the country will make petroleum products available in the country and eliminate importation.

The President spoke at the virtual inauguration of the 5,000 barrels per day Waltersmith modular refinery in Ibigwe, Imo State, as well as the Ground-Breaking Ceremony for the Phase-2 works to expand the capacity of the refinery to 50,000 barrels/day.

President Buhari said the deployment of modular refineries was one of the four key elements of his administration’s Refinery Roadmap rolled out in 2018, adding that its implementation will make Nigeria a net exporter of petroleum products.

He expressed delight that Waltersmith refinery in Ohaji Egbema Local Government Area of Imo State was coming on stream within two years of the commencement of the Roadmap, after many years of granting licenses for the establishment of modular refineries with nothing to show for it.

”Furthermore, there is increased momentum in the other three focus areas under the Roadmap covering the Rehabilitation of existing refineries, Co-location of new refineries, and Construction of greenfield refineries.

”The realization of the Refinery Roadmap will ultimately lead us to becoming a net exporter of petroleum products not only to our neighbouring countries but to the worldwide market. ”This modular refinery is the largest commissioned modular refinery in the country today.

”The role played by the Federal Government through the Nigerian Content Development and Monitoring Board (NCDMB) in going into collaboration with Waltersmith Refining and Petrochemical Company is novel in concept and superb in delivery,” he said.

The President described plans to commence the expansion of the capacity of the refinery to 50,000 barrels per day to refine crude oil and condensates as an important part of economic reforms the country is undergoing. ”I look forward to seeing this new phase completed within the target timeframe,” he said.

President Buhari, therefore, directed the Ministry of Petroleum Resources, Department of Petroleum Resources (DPR), NNPC, as well as all relevant Government Agencies to provide Waltersmith Company all the necessary support to access crude oil and condensate feedstock for the timely delivery of the additional capacity.

In line with his administration’s agenda on jobs creation, the President said he was pleased to note that hundreds of direct and indirect jobs were created during the construction of the first phase of the project in addition to the various business opportunities.

Equally, he expressed hope that the construction of the second phase of the project will create bigger additional employment opportunities.

President Buhari thanked the local community and the people of Imo State for hosting the refinery, which, he stressed, will bring prosperity and economic development to the area.

The President commended the Ministry of Petroleum Resources, the Honourable Minister of State for Petroleum Resources, Timipre Sylva, the Chairman and members of the Governing Council, and the management and staff of the Nigerian Content Development Board for making the public-private partnership a success.

He also commended the Chairman, Board, Management and Staff of Waltersmith Refining and Petrochemical Limited for their professionalism and focus in getting the project completed.

Governor Hope Uzodinma of Imo State and the Minister of State, Petroleum, cut the tape on behalf of the President at the event which was also attended by the Group Managing Director of NNPC, Mele Kyari, the Executive Secretary, NCDMB, Engr. Simbi Wabote and the Chairman of WalterSmith, Abdulrazaq Isa.

Tags: BuhariImo StateModular Refineries
Previous Post

IGP Promotes 82,779 Junior Police Officers

Next Post

President Buhari Celebrates Prof. Gambari At 76, Says He’s A Remarkable International Civil Servant

Tunde Abiola

Tunde Abiola

Next Post

President Buhari Celebrates Prof. Gambari At 76, Says He’s A Remarkable International Civil Servant

  • Trending
  • Comments
  • Latest

NIN-SIM Linkage: A Kidnappers’ Bogeyman On The Roll?

April 5, 2024 - Updated on February 9, 2025

How Atiku’s Lawyer’s Travelled To Cambridge To Confirm Buhari’s Certificate – And The Disappointment That Followed

September 6, 2019 - Updated on February 9, 2025

Vanguard Apologizes To Professor Osinbajo Over Fake News, Retracts Story

September 25, 2019 - Updated on February 9, 2025

I Will Waive my Constitutional Immunity to Clear my Name – Osinbajo

September 25, 2019 - Updated on February 9, 2025
Nigeria

Lest We Forget: Security Issues in Nigeria from 1999 to Date!

0
ISHA SESAY: A GOOD BOOK ON CHIBOK, HAMPERED BY MISREPRESENTATIONS

ISHA SESAY: A GOOD BOOK ON CHIBOK, HAMPERED BY MISREPRESENTATIONS

0
Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

0
Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

0
Matawalle Leads Push for Stronger Defence Partnerships at Global IDEF 2025 Expo

Understanding Defence Diplomacy: Nigeria’s Matawalle as a Case Study

October 6, 2025
Matawalle: Nigeria to Host West Africa’s International Centre for Electronic Navigational Charts

Matawalle and the Case for Africa’s Tech-Driven Defence Future

October 3, 2025
Coordinating Minister of the Economy, Wale Edun Leads Nigeria’s Fiscal Data Harmonisation

Nigeria’s Economic Winds Are Shifting

October 2, 2025
NSA Ribadu Leads Resolution of PENGASSAN–Dangote Refinery Dispute

NSA Ribadu Leads Resolution of PENGASSAN–Dangote Refinery Dispute

October 1, 2025

Recent News

Matawalle Leads Push for Stronger Defence Partnerships at Global IDEF 2025 Expo

Understanding Defence Diplomacy: Nigeria’s Matawalle as a Case Study

October 6, 2025
Matawalle: Nigeria to Host West Africa’s International Centre for Electronic Navigational Charts

Matawalle and the Case for Africa’s Tech-Driven Defence Future

October 3, 2025
Coordinating Minister of the Economy, Wale Edun Leads Nigeria’s Fiscal Data Harmonisation

Nigeria’s Economic Winds Are Shifting

October 2, 2025
NSA Ribadu Leads Resolution of PENGASSAN–Dangote Refinery Dispute

NSA Ribadu Leads Resolution of PENGASSAN–Dangote Refinery Dispute

October 1, 2025
Daily Concord News

Bringing the most intriguing News from around the world you everyone in a positive way

Follow Us

Browse by Category

  • Africa
  • Basketball
  • Business
  • Culture
  • Economy
  • Education
  • Food
  • Football
  • Foreign Affairs
  • Gaming
  • Health
  • Health
  • Interviews
  • Lifestyle
  • local
  • News
  • Nigeria
  • Opinion
  • Politics
  • Science
  • Security
  • Sports
  • Tech
  • Uncategorized
  • World

Recent News

Matawalle Leads Push for Stronger Defence Partnerships at Global IDEF 2025 Expo

Understanding Defence Diplomacy: Nigeria’s Matawalle as a Case Study

October 6, 2025
Matawalle: Nigeria to Host West Africa’s International Centre for Electronic Navigational Charts

Matawalle and the Case for Africa’s Tech-Driven Defence Future

October 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Daily Concord News - All Rights Reserved.

No Result
View All Result

© 2025 Daily Concord News - All Rights Reserved.