A Bill for an Act to Establish the National Agency for Artisanal Petroleum Refining to Provide for Regulatory Framework and Programme Structure for Construction and Operation of Artisanal Refineries in Nigeria and for Related Matters

Abstract

This Bill seeks to establish the National Agency for Artisanal Petroleum Refining to provide for regulatory framework and programme structure for construction and operation of Artisanal Refineries in Nigeria: (a) the diversification of the petroleum sector of the Nigerian economy through the development of artisanal petroleum refineries to provide for adequate petroleum products for domestic consumption and exports; (b) encouragement of strategic investments, education, skills transfer, expertise development, transfer of technology and know-how and active research and development programmes in the petroleum industry; (c) the generation of job opportunities and increment of in-country spend through the active participation of youths in the development of the midstream and downstream sub-sectors of the petroleum industry in the Nigerian economy; (d) strengthening of the international competitiveness of locally produced petroleum products; (e) the provision of a robust and transparent monitoring and reporting system to ensure delivery of sufficient petroleum products to the Nigerian economy; and (d) supervision and coordination of the implementation and monitoring of Nigerian capacities and capabilities in the development of the midstream and downstream sectors in the Nigerian economy.