Lagos - The Independent Petroleum Marketers Association of Nigeria (IPMAN) is planning to invest $3bn in building two ultra-modern refineries in Bayelsa and Kogi states.
The projects would be in collaboration with foreign investors, reports Peoples Daily.
Chinedu Okoronkwo, IPMAN National president, said the groundbreaking ceremony for the projects is expected to commence in the fourth quarter of the year.
He noted that the proposed refineries will go a long way in ensuring availability of petroleum to IPMAN members and ease scarcity in the country.
Read more at Peoples Daily.
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