Until fuel subsidy is removed, fuel crisis remains imminent – Kachikwu

Minister of State for petroleum Resources, Mr. Ibe Kachikwu, Thursday, stated that until the downstream sector of the Nigerian petroleum industry is liberalized and subsidy of petroleum products removed, the country would continue to struggle and face challenges in terms of ensuring stable fuel supply. Kachikwu •Kachikwu: Hosted APC Northern leaders Speaking in Abuja, at the presentation of the key achievements of the Ministry of Petroleum Resources in three years, 2016 to 2018 and award to staff of the ministry, Kachikwu, argued that to address fuel supply challenges, the country needed to find a way to satisfy the need to provide products sufficiently for the populace and at the same time to be able to free the sector for growth. He said, “In the midstream and downstream sectors, we have struggled. I would love to see a day when there would be no fuel scarcity in this country. But for that to happen, there are certain realities. The liberalization of the sector is going to be a panacea to being able to solve this. As long as we continue to subsidise products, create market-unfriendly type practices, we would continue to struggle. “We are not going to trade our way out of the fuel crisis by bringing sufficiency, by expanding reserves, by extravagant costs which cost the country a lot of money; that is not the solution. The solution is to get our refineries working.” Kachikwu noted that investments are lacking in the petroleum sector, adding that over the years, refineries’ turn around maintenance, TAM, had been fraught with faulty models which had hampered the effectiveness of the refineries.

Read more at: https://www.vanguardngr.com/2018/12/until-fuel-subsidy-is-removed-fuel-crisis-remains-imminent-kachikwu/

gabbylight:
1- "I will continue to show openly and inside me, the total commitment to the sharia movement all over Nigeria."

2- "why should Christians be concerned when Muslim cutoff their limbs? After all, the limbs cutoff are Muslim ones."

3- "No no no, Abacha didn't steal Nigeria's money."

4- "I can die for the cause of Islam if necessary. We are prepared to fight another civil war."

5- "the declaration of state of emergency to fight boko haram in three (3) northern States is a grave injustice against the north."

6- we cannot be blackmailed into killing the sharia idea. Sharia must be spread all over Nigeria."

7- boko haram members should be pampered and given VIP treatment, not killed. Its injustice to kill them."

8- Muslims should only vote those who will promote Islam, we are more than the Christians if you add our muslim brothers in the south."

9- "Ganduje is a responsible Governor".

10- "(Going by election results), constituencies that gave me 97% can not in all honesty be treated, on some issues, with constituencies that gave me 5%. I think these are political realities.

11- "But he (Ganduje) completed the …(projects) and Kano people are enjoying the benefit. I think that it’s very responsible of him. I think he’s done very well.”

12- ikoyigate = head will roll

Mainagate= head will roll

Budget padding= head will roll

Snake swallow money= head will roll

Babashir Grass cutter= head will roll

NNPC contract scam= head will roll

Where are these heads rolling to pls?

And with ya conscience, u say mek I still vote for this Man?

Pix will be attached after 2019 election.

elriyaz:
Thrash

elriyaz:
Thrash

Goldeno:
I always wonder if it is the same clay that we were all created with, I can't imagine how an entire tribe/community can be so sly and full of mischief, lies, deceit, wicked, HATE and every thing bad

Maybe the devils' blood, sweat, urine or saliva mixed with their own clay.

Awo'n children of hate/lies and mischief

yrex01:
as in, rubbish.