Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,149,877 members, 7,806,522 topics. Date: Tuesday, 23 April 2024 at 05:49 PM |
Nairaland Forum / Nairaland / General / Fuel Scarcity Will Persist Till May – Kachikwu (616 Views)
Ojukwu Property Dispute: Court Adjourns Till May 7 For Pretrial Conference / Fuel Scarcity Will End This Week– NNPC Boss / Share Those Funny Memories That Make You Laugh Till Date (2) (3) (4)
Fuel Scarcity Will Persist Till May – Kachikwu by Mayour11(m): 6:51pm On Mar 23, 2016 |
By Levinus Nwabughiogu ABUJA – At a time when Nigerians were expecting respite from the pangs of the lingering fuel scarcity in the country, the Minister of State for Petroleum, Mr. Ibe Kachikwu has apparently dashed their hopes, stating that the current queues at gas stations would persist till late May. The minister who doubles as the Group Managing Director, GMD of the Nigerian National Petroleum Cooperation, NNPC added that he was not a magician to make the queues disappear overnight. According to him, it was even a “magic” that the stations were still getting volume of products they dispense to the public, judging from the prevailing circumstances at NNPC. The Minister also revealed NNPC’s import rates have moved form 50 percent to all- time 100 percent, saying that the 445 barrels allocated to crude swap now service 50 to 55 percent importation of refined product. But giving a glimpse of hope on how to achieve lasting solution to the product scarcity, Kachikwu stated that government was working to beef up the reserves. He stated that the when the refineries come on full stream, locally refined products would be left unsold in the reservoir to boost supply and availability of the products. The minister was fielding questions with the State House Correspondents after leading officials of Nigeria Union of Petroleum and Natural Gas (NUPENG) and Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) to a meeting with president Mohammadu Buhari at the presidential villa, Abuja on Wednesday on when the queues at the gas stations would disappear. He said: “One of the trainings I did not receive is that of a magician but I am working very hard to ensure some of these issues go away. And let’s be honest, for the five, six months we have been here, NNPC has moved from a 50 percent importer of products to basically a 100 percent importer. And the 445 barrels that were allocated was to cover between 50 and 55 percent importation. “So, it is quite frankly sheer magic that we even have the amount of products at the stations. We are looking to see how to get foreign exchange imput. The president and I discussed extensively on how to get more crude directed at importation. His excellency will rather have less crude but have individuals in the society suffer less with inconveniences than have more crude and have them continue to suffer. www.vanguardngr.com/2016/03/fuel-scarcity-will-persist-till-may-kachikwu/ Cc: Lalasticlala, Seun, mynd44, OAM4J |
Re: Fuel Scarcity Will Persist Till May – Kachikwu by kacglobal: 6:57pm On Mar 23, 2016 |
Jesus |
Re: Fuel Scarcity Will Persist Till May – Kachikwu by alexory23(m): 7:00pm On Mar 23, 2016 |
Oo no, not again!! |
Re: Fuel Scarcity Will Persist Till May – Kachikwu by Mayour11(m): 7:01pm On Mar 23, 2016 |
kacglobal: Lol, you're funny... |
Re: Fuel Scarcity Will Persist Till May – Kachikwu by Mayour11(m): 7:08pm On Mar 23, 2016 |
alexory23: The funniest part of it is that for them to declare that we'll be experiencing the fuel scarcity till the end of May simply means we should be expecting normal fuel supply in July or possibly August... Infact, this people are in government to disgrace themselves. 1 Like |
Re: Fuel Scarcity Will Persist Till May – Kachikwu by Fuckgratulations: 7:16pm On Mar 23, 2016 |
what concerns us that travel on horse, and cook with firewood. |
Re: Fuel Scarcity Will Persist Till May – Kachikwu by UnknownT: 7:19pm On Mar 23, 2016 |
Kai!!!! No comment for now |
Re: Fuel Scarcity Will Persist Till May – Kachikwu by solara: 7:28pm On Mar 23, 2016 |
Re: Fuel Scarcity Will Persist Till May – Kachikwu by mkoabiola: 7:35pm On Mar 23, 2016 |
Nigerians don enter 1 chance |
(1) (Reply)
A New Network “ntel” Is Coming With 4g Network At A Cheaper Price / Bank Over Deposited Into My Account. I Don Withdraw Am. Right Or Wrong / Fuel Scarcity And The Missing Prick
(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. 14 |