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Petroleum ministry and the push for optimisation

Minister says Nigeria to become petroleum products refining hub in Africa

Chief Timipre Sylva, Minister of State for Petroleum Resources, disclosed this at the AfCFTA Oil and Gas Virtual Workshop, organised in collaboration with the Federal Ministry of Industry, Trade and Investment, under the theme: “ Nigeria – Africa’s Refining and Services Hub under the AfCFTA.” Represented by Mr Bitrus Nabasu, permanent secretary in the ministry, Sylva said Nigeria had ratified the AfCFTA, which would begin implementation in January 2021. According to him, the AfCFTA aims to redefine trade relations within African states and proposes the creation of a central market for goods and services, enabling free movement of people and investments across Africa’s 54 countries.

AfCFTA: Nigeria to become petroleum products refining hub – minister

AfCFTA: Nigeria to become petroleum products refining hub, says Sylva

AfCFTA: Nigeria to become petroleum products refining hub, says Sylva On Sylva The Federal Government says it will leverage the opportunities provided by the African Continental Free Trade Area Agreement (AfCFTA) to reposition the oil and gas sector. The government said this action would transform the country into a petroleum products refining hub for the African region with its attendant socio-economic benefits. Chief Timipre Sylva, Minister of State for Petroleum Resources, disclosed this at the AfCFTA Oil and Gas Virtual Workshop, organised in collaboration with the Federal Ministry of Industry, Trade and Investment, under the theme: “Nigeria – Africa’s Refining and Services Hub under the AfCFTA.”