The Crude Oil Refinery Owners Association of Nigeria CORAN don tell the Federal Government to urgently strengthen the domestic refining industry and reduce the country dependence on imported petroleum products.

The association yarn dis one for one position paper with the title, “Position Paper on the Urgent Need for Strategic Government Intervention to Strengthen Nigeria’s Domestic Refining Industry,” on Thursday where dem for take talk about the recent intervention by United States President Donald Trump for the American refining sector as lesson for Nigeria.

The association say Naija get stronger case for government intervention because local refinery operators dey face foreign-exchange pressures, high borrowing costs, limited access to long-tenor financing, crude supply challenges, not enough infrastructure and high logistics costs.

CORAN say dem dey concerned say undermining the fact say Nigeria na one of Africa largest crude oil producers, dem still dey continue to dey find am hard to supply crude give domestic refineries for commercially workable terms.

The association, come still sha say improvements dey for the second quarter, say NUPRC report say na 53.7 million barrels of crude oil and condensate nia dem supply give local refineries, and dis one so represent reported Domestic Crude Supply Obligation performance of 97.4 per cent.