The Central Bank of Nigeria (CBN) urged to establish a crude refinery intervention fund; in order to promote efficient business operations in the nation.
Additionally, they urged the Nigerian National Petroleum Company (NNPC) Limited to take into account; investing in or lending money to modular refineries in order to supply reformer and other necessary equipment; in order to ensure enough production of gasoline based on established offtake conditions.
The Association encouraged the NNPC, NMDPRA, and the NUPRC to collaborate with licensed modular refineries; to create a viable business plan that would provide consistent feedstock.
CORAN also stated that NMDPRA’s renewal fee for modular refinery license guidelines be revisited; and possibly reduced by way of 50 per cent waiver.