NACCIMA asks FG to legalise illegal refineries..

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The Nigeria Association of  Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has called on the government to legalize illegal refineries in the country, as legalizing illegal refineries would
boost local supply capacity of petroleum products, reduce prices and create jobs. “Regarding illegal refineries, he said: “NACCIMA believes if these illegal refineries are made legal and is effectively done, it would boost local supply capacity of petroleum products, create jobs and invariably may also reduce prices when competition fully takes its course.
Briefing the press on the state of the economy in Lagos, the Association also  called on  the Federal Government to make illegal refineries to become legal instead of destroying them. “We have watched with dismay the continuous destruction of small refineries classified by Government as illegal in the country. We believe that the action of Government/Ministry of Petroleum Resource is not the best given the current problem confronting the country in the petroleum sector; as it would further compound the sector’s supply chain of petroleum products. To ensure strict compliance and standards with the laid down criteria by the operators of the small (but now legal) refineries, there is need for the Department of Petroleum Resource (DPR) to assume effective supervisory role,” said NACCIMA President, Dr. Ademola Ajayi.

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