Federal government encourages NNPC to buy local refineries, including Dangote Refinery, to ensure a more equitable distribution of ownership in the oil industry.
Heineken Lokpobiri, the Minister of State for Petroleum Resources, had urged NNPC to invest in the regional refineries instead of operating those owned by the government. The Minister revealed this when he said that the government wants NNPC to buy shares in privately-owned refineries and operate the four government refineries through a different model. This is after NNPC's ownership of Dangote Refinery has been reduced to less than 20%.
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