Nigeria’s former Head of State, General Yakubu Gowon, has said it remained worrisome that Nigeria was still a petroleum product import dependent economy.
Gowon, who spoke at the second yearly international Conference and Exhibition of the Oil and Gas Trainers Association of Nigeria (OGTAN) in Lagos, yesterday, said the foundation laid by his administration for the countries refineries was to make it an exporter of refined petroleum product and not otherwise.
Gowon, who was the Chairman of event, said: “I will like you to know that during our time, our plan was to build five export-oriented refineries to be exporting instead of giving the crude to various countries. We made up our mind that we will rather give them the refined ones and have tremendous refineries for export.
The three refineries located in; Port Harcourt, Warri, Kaduna were designed for internal consumption and we had planned that if our consumption grows more than the three can cope with, we will transfer one of the export-oriented refineries for home consumption. That was the way we had planned it.’’ He worried.
The elder statesman said he hoped that the Federal Government’s efforts in encouraging investments in modular refinery will improve the situation and put an end to the export of crude abroad which later return as refined petroleum products.