Nairaway Forum

Welcome, Guest: Join NairaWay / Login / Trending / Recent / New
Stats: 237 members, 2,772 topics. Date:  August 18, 2018, 3:31 am

I will resign if we're still importing fuel by 2019 – Kachikwu - Business - NAIRAWAY

NAIRAWAY Forum / Business / I will resign if we're still importing fuel by 2019 – Kachikwu (1 Post | 235 Views)

HOW TO MAKE $500 - $1,000 TAKING SURVEY AS NIGERIANS / Want to make cool cash click here / GET US MASTERCARD FOR FREE AND GET IT SHIPPED FREE TO YOUR HOME ADDRESS /

(1) (Reply) (Go Down)

I will resign if we're still importing fuel by 2019 – Kachikwu by nairaway(m) : 2:04 pm On May 23, 2017



The Minister of State for Petroleum Resources, Ibe Kachikwu, has vowed to resign if the country fails to attain self-sufficiency in the refining of petroleum products by 2019.

Dr. Kachikwu, who spoke as a guest on BBC Hard Talk in London on Monday, also stated that he recently signed an agreement with oil giant, Agip, for the firm to build a refinery in Nigeria.

When asked to state the year that Nigeria would be self-sufficient in refining petroleum products, Kachikwu replied, “I have said 2019, and that is the target that I gave.”

On whether he would leave office if he failed to achieve the target, the minister replied, “Yes, of course. That is the reason why you are in government.”

Kachikwu was also told by his interviewer that the industry was totally dysfunctional considering the fact that Nigeria exports crude oil and imports refined products despite having refineries, but he stated that efforts were being made to revive obsolete facilities in the sector.

Kachikwu said, “Let me say this; yes it is wrong, we ought to process rather than ship out crude. But look at all the efforts I have made in the last few months, including working with investors to begin to reshape the refineries that were comatose for many years.

“The President is there for two years and those refineries were down before he came. Since coming, we’ve been able to get them back to produce seven million litres versus zero. That’s not the 90 per cent template. We’re now refurbishing the refineries and I’ve just signed an agreement with Agip to build a new refinery in Nigeria.”

He added, “I’ve delivered on everything I promised when I came into office. First, I took the NNPC and moved it into a profit-making organisation, which was the first time in history. I removed cash call deficit of over $6bn and we renegotiated it. Everything that I promised, I’ve delivered and I will deliver on the refineries; I’m committed to that."

Click Here To Get Free Airtime To Text, Call & Subscribe Data

HOW TO EARN $1 EVERY 2 MINUTES OR $55 DAILY ONLINE

CLICK HERE TO GET FREE TUTORIALS ON MAKING FREE CALLS, WATCHING DSTV FREE ETC

HOW TO MAKE N100,000 T0 N500,000 MONTHLY

LEARN HOW TO MAKE N250,000 MONTHLY ONLINE IN NIGERIA

How to Make Huge money From Expired Domain name click http://cashnaira.com

CLICK HERE TO DRIVE UP TO 20,000 REAL NIGERIAN TRAFFIC DAILY TO YOUR SITE

A NEW INTERNET COMMUNITY IS LAUNCHED! CHECK IN AND ENJOY FREE LESSONS

FREE GUIDE! BROWSE FREE, MAKE FREE CALLS, MAKE MONEY ONLINE ETC

CLICK HERE TO EARN $45 – $100 DAILY ONLINE WITH YOUR FACEBOOK ACCOUNT

(1) (Reply)

100% Cashback Unlimited! / EARN $1 EVERY 2 MINUTES OR $55 DAILY ONLINE / N-Power Receives 749,000 Applications...Training Commences In October /

Viewing this topic: 1 guest viewing this topic


(Go Up)

NAIRAWAY - Copyright © 2016 Oluwasegun Adebayo. All rights reserved. Follow NairaWay on Facebook
Disclaimer: Every NAIRAWAY member is solely responsible for anything that he/she posts or uploads on NAIRAWAY.