LIVE UPDATE: "PPPRA and DPR are mandated to ensure the N145 max for petrol price...Nigeria remains the lowest pricing destination for petroleum product"

LIVE UPDATE: ON PALLIATIVES

Firstly
"State will get money required. Labour force would be paid..."

Secondly
"social investments for over 8 million Nigerians"

Third among many others
"more workforce will be created as there's a lost of over 250,000 jobs in the off stream section...we are creating them back"

LIVE UPDATE: "The Buhari's government is not a pain seeking government, it is a solution seeking government to problems we met on ground"

LIVE UPDATE: Members of the house now asking questions.

LIVE UPDATE: Speech ended! Members questioning the facts stated in the Minister's speech

LIVE UPDATE: "We have 3 international companies on ground willing to exchange oil in naira basis"


How we arrived at N145 in price?

"It's obvious the exchange rate influenced our decision and prices could go down but at N145 Max"


How do we ensure the beneficiaries of the palliatives are right selected?

"the right federal agencies in charge are to oversee the process"


How did you come about fixing prices and not the PPPRA?
"The PPPRA structure is to create a price plan policy not fixing price"

What volume do we produce at the moment?
"Currently 9 million litres"

At what price is NNPC selling for?
"Currently it is at N135"

About what the Vice-President said addressing exchange rate and not deregulation?
"Deregulation will follow its own due course, we are just shying away from the present state of things"

DExplorer1:
LIVE UPDATE: "We have 3 international companies on ground willing to exchange oil in naira basis"


How we arrived at N145 in price?

"It's obvious the exchange rate influenced our decision and prices could go down but at N145 Max"


How do we ensure the beneficiaries of the palliatives are right selected?

"the right federal agencies in charge are to oversee the process"


How did you come about fixing prices and not the PPPRA?
"The PPPRA structure is to create a price plan policy not fixing price"

What volume do we produce at the moment?
"Currently 9 million litres"

At what price is NNPC selling for?
"Currently it is at N135"

About what the Vice-President said addressing exchange rate and not deregulation?
"Deregulation will follow its own due course, we are just shying away from the present state of things"

more update please.

The questions are not on point but rather akin to shadow boxing.

Does it mean NNPC would also get forex from secondary sources since the templet is based on interbank rates and not official exchange rates?

A rep is asking Minister to pay a Nigerian who selflessly rehabilitated pipeline? Deputy Leader and Leader next in line to talk.

All of them are saying nothing, Deputy Leader asks when will the refineries be privatized. Whip Leader is speaking now and thanking minister for trying to solve a problem that has been on for many years.

Whip is asking petroleum minister what he is doing to resecure the oil facilities in the Niger Delta.

takes seat. lalasticlala dis not snake or tonto dike buh food don ready

Majority Leader speaking now

The urgency of yesterday and the urgency of now and is asking the Minister to explain why now and also the legality of the price increase.

Crude Awakening not rude awakening, he is saying the minister needs to do more in terms of comparative analysis and mass dissemination of information.

Someone is now making sense.

LIVE UPDATE:
Is this the best option to adopt?
"If there were other options we would have exploited it, there were no better other options.

Every single member of Opic has increased pump prices and eliminated subsidy, it's global problem and Nigerians can't sit back when we're now face with difficulties"

lalasticlala food don done.

LIVE UPDATES:

When will all our refineries starts working perfectly?

"we have asked for 18 months to produce over 90% of our maximum capacity. We have issued our 65 Refineries licences issued out and none has taken it for granted"

LIVE UPDATE:
What are you doing in dealing with vandalization and problem at the Niger Delta

" We are looking at what has broken in the engagement of the Niger Delta contract and that's going on silently aside we taking certain securities measure."

LIVE UPDATE:
When are we privatizing our refineries?

"We are at the moment putting them to a level where they would not be sold in scraps tomorrow"

otokx:
The questions are not on point but rather akin to shadow boxing.

Just imagine, some are asking about palliatives I feel he isn't in the best position to answer this.

LIVE UPDATE:

"Honourable minister, you can now take your leave"
House speaker, Dagora ask the Minister to take his leave.

Ibe Kachikwu walks out of NASS.

For their mind them don ask questions and he don answer abi.

eloquent guy

naija247:
For their mind them don ask questions and he don answer abi.

Na una papa una dey deceive, make una dey pretend like say una no know before

Make dem fight abeg

Kachikwu is the only minister of state that we know. I don't just understand this government for now.

Has anything ever come out of their useless summoning?

Great observation

FOLYKAZE:
The budget was before them for some months. Minister of Petroleum was also in the chamber for his ministry defence. They could have asked him all necessary questions when they realise subsidy was not budgeted for.

This goes beyond politics.....but removing the subsidy/increase in prices makes complete sense.ESPECIALLY now that we do not have the money to import fuel

We should have done thins as far back as 2006....but we Nigerians like awoof government, and living beyond our means.

Sai Kachukwu, first class no be for joke

Politics is interesting the the minister of petroleum Buhari pushing the heat for the fuel increment to an Igbo man
Why will the house of representative allow a Junior minister to address them when the main minister is around