Rivers government leads initiative for setting up modular refineries
I think there may be a mistake here. Rivers State Government, not "rivers government", has led an initiative to set up modular refineries.
In 2019, the Rivers State Government, led by Governor Nyesom Wike, launched an initiative to establish modular refineries in the state. The goal of the initiative is to reduce the state's dependence on imported petroleum products and create jobs for the local population.
Modular refineries are smaller, more efficient, and less capital-intensive than traditional refineries. They are designed to process a smaller volume of crude oil, typically between 10,000 to 50,000 barrels per day, and can be built quickly and at a lower cost.
The Rivers State Government has partnered with private investors to develop the modular refineries, which will be located in the state's oil-producing areas. The project is expected to create thousands of jobs and generate significant revenue for the state.
The initiative is part of the state government's efforts to diversify the economy and reduce its reliance on oil revenue. It is also expected to help reduce the state's environmental impact by reducing the need for oil tankers and pipelines.
Overall, the Rivers State Government's initiative to set up modular refineries is a significant step towards promoting economic development and reducing the state's dependence on imported petroleum products.