Is there a problem in the Nigerian downstream fuel market?
Yes. If as the ninth largest exporter of crude oil in the world, you are having frequent fuel shortage and the country does not generate enough power, there is a problem. There is a problem when you see that we are the largest importer of generators, when you find out that some senior members of the government are the importers of generators, where you see a complete inability to maintain our refineries even after billions of dollars investment. Under this situation, nobody is going to say that everything is fine. But let us think less about the problem but how to solve it. We understand that you are trying to build a refinery in Lekki Free Trade Zone. How far have you gone with the project? Refinery is an enormous engagement. We have done our feasibility studies. We finished that at the beginning of the year and we believe that a refinery that targets approximately half of the deficit for 2017 will be viable against local production and again against substitute input. Such a refinery
