Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,148,868 members, 7,802,799 topics. Date: Friday, 19 April 2024 at 09:49 PM

‘it’s A Shame That Nigeria Can’t Refine Its Oil’ - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / ‘it’s A Shame That Nigeria Can’t Refine Its Oil’ (361 Views)

Standard Bank Report Predicts Increase In Reserves Buoyed By Domestic Oil Refine / These Are The Ruins,embarrssmemt And Shame That Cbn Have Brought On Union Homi / Loan Apps Send ‘Shame’ Messages To Close Contacts Of Loan Defaulters (2) (3) (4)

(1) (Reply)

‘it’s A Shame That Nigeria Can’t Refine Its Oil’ by themomentng: 3:50pm On Jan 04, 2018
Ibe Kachikwu, minister of state for petroleum resources, says its a shame that Nigeria cannot refine its crude oil after 40 years of activities in the downstream.

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

He said 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 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 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.

Re: ‘it’s A Shame That Nigeria Can’t Refine Its Oil’ by phrancys001(m): 4:34pm On Jan 04, 2018
Action not plenty talk talk.

(1) (Reply)

4 Creative Ways To Save Money Eating Out / How To Monetize Your Website Or Blog With Forex / Share Your Thoughts About Business Growth.

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.