Nigerian Modular Refinery Project May Miss Take-Off Target

[This Day]The status of the $4.5 billion (about N697 billion) modular refinery project for which the federal government signed a Memorandum of Understanding (MoU) with a Nigerian-American joint venture capitalist, Petroleum Refining and Strategic Reserve (PRSR), remains uncertain, with two months before the planned inauguration of the first phase of the project.