As part of efforts to expand the nation’s refining capacity, the federal government has licensed 10 more modular refineries, making it 32 so far licensed, Daily Trust reports.

As at end of the first quarter of last year, 22 modular refineries had been licensed by the Department of Petroleum Resources (DPR) with daily refining capacity of 1,429,000 million barrels per day while conventional refineries of between 30,000 to 650,000 barrels per day stood at 35 in number.

Speaking in Lagos at the third edition of the Lagos Chamber of Commerce and Industry (LCCI)’s Downstream clinic, DPR director, Mordecai Danteni Baba Ladan said licensing more companies was part of efforts to encourage more private investors to key into government’s plan to ensure the country is sufficient in petroleum products by 2019.