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Subsidise modular refinery licenses for artisanal refiners, YEAC tells FG

Subsidise modular refinery licenses for artisanal refiners, YEAC tells FG

The Youths and Environmental Advocacy Centre, YEAC, has said the Federal Government must subsidise the cost of license for the setting up of modular refineries if it is committed to ending oil theft and pulling out artisanal refiners from the creeks.Executive Director of YEAC, Mr. Fyneface Dumnamene Fyneface, stated this on Monday during the training of artisanal refiners in Ogoni and surrounding communities on guidelines for the establishment of modular refineries, held in Tai Local Government Area of Rivers State.

Fyneface explained that in the Department of Petroleum Resources, DPR’s, guidelines, the license to establish a modular refinery was $50,000, with an additional N500,000 processing fee, valid for only two years. He pointed out that the government, through modular refineries, will solve the issues of militancy, pipeline vandalism, environmental pollution, unemployment and youth restiveness in the Niger Delta.  

YEAC maintained that licenses for the establishment and construction of modular refiners should be given free of charge to repentant illegal oil refiners, to serve as incentive; while also advocating for tax holidays to modular refinery investors.“These people who we are pulling out from the creeks do not have $50,000 to pay for a license; so the government should give them license free of charge if they (government) are really committed to ending oil theft and removing these boys out from the creeks.

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Source: SweetCrudeReports

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