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FG plans to stop importing bitumen(Video)

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The Federal government has begun taking steps to stop importing bitumen into the country. Minister of labor and housing Babatunde Fashola told reporters of the state House of Representatives after a meeting of the Federal Executive Council chaired by President Muhammadu Buhari.

According to him, a significant amount of bitumen used in road construction in Nigeria is imported, which creates jobs abroad.

He further explained that the Ministry of petroleum resources and the Ministry of mines and metallurgy will be given a Directive on the development of
strategies for expanding, stimulating and stimulating local bitumen production.

He said: “the Ministry of labor and housing has submitted a Memorandum on the initiative of the President regarding our source of bitumen, which is
used in road construction and its cost.

Watch the Video:

This was a political Memorandum that showed that a significant amount of the bitumen we use in road construction in Nigeria is imported, so
creating jobs abroad and recommended that the Council approve the Directive to the Ministry of petroleum resources and the Ministry of mines.
Strategies were developed to expand, encourage and encourage local bitumen production.

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“In essence, this policy recommendation was approved by the Council today to encourage local bitumen production in Nigeria. This is the will of God
the course will help further diversify the economy and open up another sub-sector of the mining and hydro-carbon industry for local residents
features.

“We see a need for 500,000 metric tons of bitumen locally per year. In this way, we encourage those who can produce and produce bitumen
locally, to use this demand.”

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He further explained that ” we see an opportunity for thousands of jobs to be created directly if this is done. And the government intends to do this
encourage and support all those who take advantage of this opportunity.

“We expect that Kadun refinery will also increase its game by participating in this subsector of the hydrocarbon industry.

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We expect this to be the case, improve the quality of the bitumen that is produced and used in our road construction. Just as we can now control the quality of cement, this goes to local construction.

“We are also promoting the use of more cement, stones and stones in road construction. Our Ministry is currently developing a guide to the design of the rock
and stone in road construction in the country.

“These are the framework of policy documentations that we presented to council today and they were approved. So, we expect the Nigerian
entrepreneurial community to now respond to all of the existing government policies for setting up businesses and embracing this
policy as part of ways to develop our made-in-Nigeria capacity.”

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