As another round of scarcity of Premium Motor Spirits, (PMS) popularly called petrol is hitting hard on Nigerians, there is hope of a possible relief going by a presidential declaration on Thursday.
President Muhammadu Buhari announced that the Warri refinery rehabilitation works, when completed, will deliver fuel production before the first half of 2023.
The Special Adviser on Media and Publicity to the President, Mr. Femi Adesina, made this known in a statement in Abuja.
According to him, President Muhammadu Buhari expressed delight as he witnessed the signing of the Memorandum of Understanding (MoU) between Nigerian National Petroleum Company Ltd and Daewoo Group for the rehabilitation of the Kaduna refinery.
He said the president was particularly excited as the signing came against the back of ongoing rehabilitation works at the Warri refinery by the same Daewoo Group.
Adesina quoted Buhari saying, “Daewoo Group has massive investments in the automobile, maritime, and other sectors of our economy.
”I am also aware that Daewoo is currently engaged in the execution of the NLNG train seven project and also constructing sea-going LPG vessels for NNPC and her partners.
“I looked forward to the delivery of ongoing projects, especially at the Warri and Kaduna refineries, and the NLNG Train Seven.
”This no doubt will open many more windows of opportunities for Daewoo and other Korean companies in Nigeria”