Many companies are now floating modular refineries in Nigeria – and it’s shaping up to be a big positive for the energy sector and the Nigerian economy. MARK ITSIBOR reports For decades, fuel scarcity and high cost of it have made Nigerian about the world’s worse country for economic gravity despite the massive availability of crude oil in the country. Economic expansion and improved welfare for the people have been knocked down by lack of the will or deliberate effort to refine the product in full commercial quantity for the domestic market. And so, Nigeria has had to largely depend on imported refined fuel products for the economy to function – not to its full potentials. The four existing government moribund refineries could not solve the problem. They currently perform much below the 480, 000 barrels they are built to refine daily. But now, there is a deliberate effort […]