Home News FG Must Embrace Building New Refineries, Says  Aare Safiriyu

FG Must Embrace Building New Refineries, Says  Aare Safiriyu

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Chief Executive Officer of SAF Petroleum, Aare Safiriyu Adebanjo Kazeem

By Kolawole Olayinka, Abeokuta

The Chief Executive Officer of SAF Petroleum, Aare Safiriyu Adebanjo Kazeem has urged the federal government to deploy resources and build new refineries.

He maintained that Nigerians would be paying more for the fuel consumed because of the additional cost of importation.

Aare Safiriyu said that building new refineries would not only help to create thousands of jobs but also in the long run help to cut down what Nigerians are paying for fuel since it is produced locally.

The oil and gas merchant in a chat with our correspondent said, “rather than wasting fund on repairing the country’s old refineries which have yielded nothing, the Federal government should concentrate efforts on constructing new refineries that would not only help in providing employment but also guarantee a steady supply of petroleum products and eased the suffering of all Nigerians.

“Time is now for the federal government to build new refineries so that we can stop the importation of what ordinarily we have in abundance .

“It’s against all logic that we are still importing fuel; does that mean we don’t have the wherewithal to build at least two new refineries under two years?

“With, new refineries, we will be solving the major problem of frequent increment in pump price, ensure a steady supply of fuel as well as the provision of jobs for our teeming youths.

“The issue of controversial oil subsidy which usually divides the government against the people will also become history.

“The implication is that the country will have more funds to attend to its developmental needs, among others.”

Aare Adebanjo explained that the constraint confronting the business of oil gas in the country includes infrastructural deficit, bad roads which are more often than not responsible for tankers’ accidents.

He appealed to both the federal and state government to help in addressing these problems.

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