The 2-year programme will trigger the growth and appeal for Liquefied Petroleum Gas
As part of plans to deregulate the downstream oil sector, the Nigerian National Petroleum Corporation (NNPC) has disclosed that plans are in top gear to rehabilitate and upgrade the nation?s pipelines.
Speaking at a conference in Lagos on Thursday, the Managing Director of the state oil corporation, Andy Yakubu, who was represented by the company?s Coordinator of Strategic Planning, Timothy Okon, said that the two-year-programme would trigger the growth and appeal for the Liquefied Petroleum Gas, which could substitute kerosene.
Themed: ?Energy Industry Deregulation: Prospects and Challenges to the Economy?, the conference organised by the National Association of Energy Correspondents was focused on addressing questions of deregulation in the country.
Highliting the advantages of deregulating the oil sector, Yakubu said that it would ensure that subsidy proceeds are well channeled to address key infrastructure that would facilitate the development of alternative transport systems to address supply chain bottlenecks.
He also said that the plan would see the addition of new refineries and improve the quality of social and infrastructural services.