Vice President Yemi Osinbajo has restated the resolution of the Buhari administration that the Federal Government has no business running oil refineries in Nigeria.
Speaking at a virtual meeting organised for the All Progressives Congress (APC), social media bloggers and influencers at the ruling party’s secretariat in Abuja on Monday, the Vice President indicated that the Nigerian government sees the private sector as playing a bigger role in investing in and running oil refineries moving forward.
While arguing that the challenges confronting the government-owned refineries will persist if left in the hands of government, he said that government will continue to explore cheaper gas resources as an alternative.
The Vice President expressed confidence that the energy crisis in the country will ease by the first quarter of 2021 when most of the modular refineries would have come on stream.