Vice President Yemi Osinbajo has confirmed that ten modular refineries were at advanced stages of development in the Niger Delta.
According to his Special Assistant on Media and Publicity, Mr Laolu Akande, the ten modular refineries were located in five out of the nine states in the Niger Delta region.
They are located in Akwa Ibom, Cross River, Delta, Edo and Imo states.
Osinbajo said that two of the refineries, Amakpe Refinery (Akwa Ibom), and OPAC Refinery (Delta State), have their mini-refineries modules already fabricated, assembled and containerized overseas, ready for shipment to Nigeria for installation.
The total proposed refining capacities of the ten licensed refineries stands at three hundred thousand barrels.
The Vice President believes the modular refinery initiative which featured prominently in recent talks between the Federal Government and the oil-producing areas, as represented by PANDEF, will also reposition the petroleum industry.