The Minister of State for Petroleum Resources, Dr Ibe Kachiwkwu, on Wednesday said the ministry would focus on boosting revenue generation through the discovery of more oil and gas in the country.
Kachikwu announced this while fielding questions
from newsmen during his assumption of office in
Abuja. He said that part of his mission was to cut
costs, block leakages while promoting transparency and accountability in the business of the ministry.

He said it was important for all stakeholders in
the ministry to devise new ways of doing things,
given the vantage position of the ministry as a
major source of revenue to the federation.
According to him, it is necessary to think of new
ways of doing business, given the dwindling
nature of revenues accrued to the nation.
“Our policy direction is to find more money, find
more oil, find more gas, monetise them and put
money in the hands of the government.
“We have dwindling resources and yet the whole
nation depends on this ministry to provide the
resources.

“So we must be able to put on the cap on how
do we cut cost; how do we improve on earnings;
how do we make Federation Account to
improve?.

“How do we put controls that are essential to
avoid leakages; how do we develop new income
strings?.

“How do we develop new investments to help
the federation stabilise; those are very key and
that is where we are heading to.’’

Kachikwu, who also doubles as the Group
Managing Director of NNPC, noted that the
proposed work in the ministry would change the
way and manner things were done in the past.
He said it was important for the leadership of
the ministry in all areas to key into the change
mantra of the present administration.
“There is a lot to be done. It is not racing for
racing sake; it is racing to change the way things
are done in this place.

“ We will absolutely require you to show an
ability to deliver the sort of change mantra that
we are looking for and undergoing.

“This cannot be done by one person; I do not
have the magic wand, but I might have some
good ideas and those ideas will come from all of
us and all of us will have to buy into it.
“My direction will also be clear; I don’t believe in
vague direction; I believe in very clear and
transparent direction and we have a very clear
line in terms of where we are going.

“ As far as the president is concerned, there are
very key substantial deliverables; one is that the
working environment and perception about this
ministry must change.

“ We are working hard as we are doing in NNPC,
but people here who actually are in the
supervisory environment over and above NNPC
must even do more.’’

On reduction of crude allocation to NNPC,
Kachikwu said an analysis on what the total real
consumption of oil was still on-going.
He said efforts were on to ascertain if Nigeria
actually consumed up to 40 million litres of oil,
noting that statistics were showing that Nigeria
was consuming closer to 35 million litres.

On gas production, the minster said his aim in
the ministry would also focus on global blue
print on gas development.

He said developing the gas sector would involve
a lot of money, noting that the ministry would
do everything possible to raise the money
needed for the development of the sector.
“We will drill and get more gas; distributing gas
is key; a lot of gas presently are stranded in
various fields and the issue is to get the
required pipelines to transport the gas.
“The south-north gas line are key; we will see
how they can be completed and taken to other
aspect of the country so that the rest of the
country can benefit from the gas resources we
have in the south.

He said one of key investment drive was to
focus on how to get money into the gas
environment and develop the nation’s gas
policies to attract big companies into the sector.
On pockets of fuel queues in some fuel stations
in the country, he said the president was putting
necessary steps to ensure that oil marketers
received the money approved by the Federal
Government.

“The money was approved by the president; the
money has not reached them physically; there
are processes required in the constitution; the
president is taking time to write to the National
Assembly.
“The money has been provided; the president is
working on that and soon they will get the
money.


He noted that the fuel queues playing out in
some parts of the country were orchestrated by
the operators of some fuel stations.
He said enough fuel had been made available in
all the states of the federation, noting that what
was playing out was panic buying.
“There is enough fuel; the absence of the
products is not the issue; what is happening is
panic buying; a total of 4,000 trucks was
injected in the country.


“And the normal utilisation is 2,000 trucks, but
people get the fuel and stock them.
He noted that that the Department of Petroleum
Resources (DPR) was putting measures to
ensure the issue of panic buying was eradicated.
“We are ensuring that the product is made
available to all and the queues you see will
disappear by the end of the day.’’
On the Petroleum Industry Bill (PIB), Kachikwu
said that efforts were on to engage the relevant
stakeholders and the Senate, to fine-tune the
PIB.

Ealier, the Permanent Secretary, Ministry of
Petroleum Resources, Dr Jamila Shu’ara, said
the minster was coming at a time the
international oil market was in turmoil.
She said that the appointment of the minister
was a welcome development, given the crisis in
the international oil market.
Shu’ara said the ministry would support the
minster to achieve his lofty aim for the ministry
and the nation at large.(NAN)

http://dailypost.ng/2015/11/12/i-will-cut-costs-find-more-money-for-buharis-government-kachiwkwu/

I trust baba and Ibe will handle the ministry well.

In other news, Ekwerimadu claimed that APC is stock piling funds to obfuscate PDP via the TSA policy. If you think Ekwerimadu is daft for this comment click like. If you think he is wise click share

VERDICT............,

























"ORDER AND SANITY" RESTORED...Nigerians pls go to bed with your two eyes closed,we are in safe hands..

LONG LIVE PMB!
LONG LIVE THE FEDERAL REPUBLIC OF NIGERIA!

Wailers.,,,,,,,....,,,,,,over to u.

Wailers will still fault his policy.

.

Talk de talk govt.

Its obvious Buhari really trusts this man to let him handle such task.

Dem just stylishly remove this guy from NNPC!

krendo:
Dem just stylishly remove this guy from NNPC!

I don't think he has been removed from NNPC

Ibe my Ibe, may God grant you the wisdom to lead that ministry.

Be renewed!

omowolewa:
Ibe my Ibe, may God grant you the wisdom to lead that ministry.

Be renewed!

Are you from Delta?

.

Kachukeu and Pmb, a litre of pms is supposed to be selling for 30 naira now. What are you two waiting for?

otukpo:
Kachukeu and Pmb, a litre of pms is supposed to be selling for 30 naira now. What are you two waiting for?

They are waiting for you to receive sense........



na joke o.

na wa o, no fuel to buy since this week for my area.

bonechamberlain:
na wa o, no fuel to buy since this week for my area.

It's available in mine but the thieving marketers are selling above 100.

Martins301:


It's available in mine but the thieving marketers are selling above 100.

check what they sold to u even for 100, u would find out that when u buy fuel of 300 what u get is 200 or 250.

bonechamberlain:
check what they sold to u even for 100, u would find out that when u buy fuel of 300 what u get is 200 or 250.

All PPPRA does is make noise on TV and pay August visit to urban petroleum marketers. They don't take their business serious.

Martins301:


All PPPRA does is make noise on TV and pay August visit to urban petroleum marketers. They don't take their business serious.

that's one of the most inactive and docile agency we have in Nigeria.

as u said they believe their works is centered in urban areas.. while where the real manipulation and corruption takes place is at the rural or developing areas

Martins301:
I trust baba and Ibe will handle the ministry well.

In other news, Ekwerimadu claimed that APC is stock piling funds to obfuscate PDP via the TSA policy. If you think Ekwerimadu is daft for this comment click like. If you think he is wise click share

being a comedian would fit Ekweremadu. What a clowinsh clown!!
Seeing his name alone, one would begin to wonder how we allow such an animal to mingle with humans in the senate. Well, he is better than some senators that look like Obama and think like Obanikoro

mazeltov:
being a comedian would fit Ekweremadu. What a clowinsh clown!!
Seeing his name alone, one would begin to wonder how we allow such an animal to mingle with humans in the senate. Well, he is better than some senators that look like Obama and think like Obanikoro

Am sure he won't last long in that seat. He was so boastful of being the DSP against all odds yesterday. With the way he was talking, u would think his election was free and fair. The hurricane that will sweep him and Saraki away is gathering momentum.

Do I need to be from Delta to like someone from Delta, I like him and he is my boss.

Martins301:


Are you from Delta?