It’s a BIG shame that Nigeria can’t refine its Crude oil – Kachikwu

  • Post author:
  • Post category:TOP NEWS

Jan 4, 2018: Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has described Nigeria’s inability to refine its crude oil as “shameful”.  “That ultimately will be the solution,” he said.

Kachikwu said this on Thursday while speaking at an investigative public hearing on the current scarcity of petrol.

Kachikwu said this when he appeared before the senate committee on petroleum (downstream).

He said the ministry and the Nigerian National Petroleum Corporation (NNPC) were working round the clock to find a solution to petrol scarcity.

As part of the solutions to permanently end the scarcity, Kachikwu said the country’s refinery needs to be functional.

“In what I might call an emergency before the work that we are doing on the refineries that would be finished sometime in 2019,” Kachikwu said.

“I want to remind that over two years we haven’t had queues. We are spending night and day to find solutions to nip this in the bud.

“Ultimately what this country needs is to have its refineries working and I have said that it is shameful that after 30, 40 years of activities in the downstream, cannot produce sufficient [petroleum products]. I have said nobody sells crude oil in its form in the world and we have to have the technical capacity to do this.”

He listed non-payment to marketers as one of the reasons for the scarcity. The minister also expressed regrets that some people took advantage of the situation.