- Investment in modular refineries is now at risk amid a stalemate in the federal government’s Refinery Development Fund
- As a result, Nigeria’s fuel crisis may likely continue as the refineries face a shortfall of crude supply under a market-driven pricing system
- Refinery owners disclosed that investors are currently facing challenges in securing crude supply to maintain their operations
Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the Stock Market.
An initiative launched during the previous administration, aimed at boosting investments in the modular refinery sector, is now stifling projects backed by several investors.
