The Minister of State for
Petroleum Resources, Dr. Ibe Kachikwu, has given marching orders to the Group
Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr.
Maikanti Baru to end fuel scarcity in parts of the country so as not to
embarrass the Federal Government ahead of a major event billed to hold in Abuja
next week.
This new directive from Kachikwu
to Baru was coming on the heels of the Nigeria International Petroleum Summit,
NIPS, slated for February 18-22, and described as a Nigerian version of the
popular Offshore Technology Conference, OTC, held annually, in Houston, USA.
Kachikwu called for an end to the
fuel queues in Abuja in order not to embarrass the Federal Government and
foreigners coming for the programme.
He also said the Federal
Government had given the ministry the nod to get experts and private investors
to re-tool the ailing refineries and get them working up to 90 per cent
capacity in order to meet the 2019 deadline of ending fuel importation.
Speaking at a press conference in
Abuja to acquaint newsmen about the upcoming petroleum summit, the Minister
said he would instruct the NNPC to work day and night to ensure the queues
disappear, even as he said the crisis was as a result of both policy and operational
challenges.
Kachikwu said: “On these fuel
queues, we are working round the clock to address it. Lagos is relatively okay.
Abuja is struggling because of logistics challenges. But there is improvement
from what you used to have late last year.
“I’ll instruct NNPC to work night
and day to ensure this is over before next week. It won’t speak well for
visitors to come and see queues everywhere.
“Mr. President is also committed
to addressing this challenge. We have had price adjustments since I came in and
he has said the price will remain where it is today. He understands the
suffering Nigerians are going through and very committed to ending it. It
requires some re-engineering. My directive is that they must get the products
to all parts of the country”, the minister said.
On the forthcoming NIPS, Kachikwu
disclosed that the event would attract loads of investments for the country by
opening new business windows for both players in the private and public sector.
He said the event would be
declared open by President Muhammadu Buhari, who would be represented by the
Vice President Yemi Osinbajo.
“We want to reduce massive influx
of Nigerian shareholders in OTC. It has turned into a massive jamboree and
became a Nigerian gathering. So, we took a policy to reduce that. We came up
with this and had FEC to approve it and also endorse the consultant with whom
we will execute it,” Kachikwu said.
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