Barring unforeseen circumstances, President Muhammadu Buhari, and his Nigerien counterpart, Mahamadou Issoufou will in few weeks (days) time sign a Memorandum of Understanding (MoU) on the planned 100,000 barrels per day (bpd) refinery to be located on the Katsina border with the Niger Republic.
Is it not interesting that Nigerians would have completely been oblivious of this joint project if not that the Minister of State for Petroleum Resources, Ibe Kachikwu, made a podcast on “the refineries and local production capacity,” where he disclosed that the Niger-Nigeria refining relationship is one project in Nigeria’s Greenfield Plan being pursued by the Federal Government.
As said by the Minister on the podcast, “We have the private sector relationship to build 100,000 bpd refinery there. Both governments have largely reached a Memorandum of Understanding (MoU). In July, the two Presidents will be in Nigeria to sign- off on the negotiated basis of this relationship, and then, the private sector will be asked to put in the funding that they’ve indicated that they have.
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