FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries - Politics

FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries (3605 Views)

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FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by Anasko(op): 7:34pm On Jul 27, 2015

The Federal Government has expressed readiness
to scale down the importation of refined petroleum
products following the anticipated bridging of
demand gap in local consumption with the
commencement of production in Warri refinery and
the Kaduna facility due to follow shortly.
The Central Bank of Nigeria governor, Mr. Godwin
Emefiele dropped this hint during a briefing at the
bank’s headquarters shortly after the July
Monetary Policy Meeting in Abuja on Friday.
He noted that the resuscitation of the two
refineries followed series of meetings between the
apex bank, the management of the Nigerian
National Petroleum Corporation, NNPC, and the
Federal Government.
The central bank governor maintained that the
combined capacities of the two firms would likely
reduce the estimated 30 million litres of refined
products currently being imported into the
country.
He noted that the resumption of production by
the refineries would reduce the pressure on both
government expenditure and also help the CBN
strengthen reserves and build the much needed
fiscal buffers.
“We have met with NNPC and Warri Refinery has
begun producing fuel. Kaduna will soon begin
production and so we are going to see a drastic
reduction in the import of premium motor spirit,”
he stated.
Noting that CBN’s mandate was to build reserve,
achieve strong exchange rate and maintain
stability, Emefiele said the MPC in taking its
decisions was guided by the need to stimulate
growth and development in the economy, pointing
out that though some of such decisions may be
tough on some stakeholders, they are always
taken in the best interest of the economy and the
citizens.
He also restated the need for Nigerians to cut
some of excesses to ensure the revival of the
economy.
http://dailypost.ng/2015/07/27/federal-government-reduces-oil-imports-as-production-begins-in-warri-kaduna-refineries/

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by INTROVERT(f): 7:34pm On Jul 27, 2015

let's save that FOREX

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by Nobody: 7:35pm On Jul 27, 2015

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by Obijulius: 7:35pm On Jul 27, 2015

All hail GEJ.

The quiet performer...

The defender of our democracy...

Your good works live on. Make this illiterate man no spoil am...

13 Likes

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by 9jii(m): 7:36pm On Jul 27, 2015*

The two groups from UMBRELLA EVIL CORP,( the Wailers and Children of hate)will still get saddened by this Goodnews.

13 Likes

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by SouthernBreeze(m): 7:38pm On Jul 27, 2015

GEJ still working. God bless you sir for a job well done

7 Likes 1 Share

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by seunmsg(m): 7:41pm On Jul 27, 2015

Great news.

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by meek2stylee(m): 7:41pm On Jul 27, 2015

God bless GEJ for making dis fruitful and also guide GMB as he takes us on in his own ride,,,,Amen

9 Likes 1 Share

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by dustmalik(m): 7:43pm On Jul 27, 2015

Slow and Steady wins the race. Buhari is darn working.

5 Likes

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by tucky200(m): 7:44pm On Jul 27, 2015

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by Lanretoye(m): 7:47pm On Jul 27, 2015

Gej koor,jack ni...all those refineries were in place but because of the money wey dem wan chop,they refuse to make dem work.
baba go slow,pls continue to take us slowly to where some people never wished we get to.

10 Likes

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by fagbalex(m): 7:49pm On Jul 27, 2015

Baba is working, God bless President Muhammadu Buhari

2 Likes

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by Nobody: 7:57pm On Jul 27, 2015

Better for the Economy, give credits to no POLITICAL Party, a functioning refinery for a country like Nigeria is your birthright.

2 Likes

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by Nobody: 7:58pm On Jul 27, 2015

9jii:
The two groups from UMBRELLA EVIL CORP,( the Wailers and Children of hate)will still get saddened by this Goodnews.

2 Likes

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by Nobody: 8:01pm On Jul 27, 2015

Lanretoye:
Gej koor,jack ni...all those refineries were in place but because of the money wey dem wan chop,they refuse to make dem work.
baba go slow,pls continue to take us slowly to where some people never wished we get to.

fagbalex:
Baba is working, God bless President Muhammadu Buhari

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by Lanretoye(m): 8:06pm On Jul 27, 2015

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by LoveMachine(m): 8:19pm On Jul 27, 2015

More good news

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by MabraO: 8:24pm On Jul 27, 2015

Barcanista come nd defend ur useless self here
Where u not running ur mouth like a broken pipe that d refineries ll never function this year that all were mere propaganda nd lie

6 Likes

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by dustmalik(m): 8:28pm On Jul 27, 2015

MabraO:
Barcanista come nd defend ur useless self here
Where u not running ur mouth like a broken pipe that d refineries ll never function this year that all were mere propaganda nd lie

Don't mind him. his next line of defence will be to credit it to GEJ grin

2 Likes

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by MabraO: 8:32pm On Jul 27, 2015

dustmalik:
Don't mind him. his next line of defence will be to credit it to GEJ

Don't mind the nitwit

2 Likes

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by Nobody: 8:34pm On Jul 27, 2015

MabraO:
Barcanista come nd defend ur useless self here
Where u not running ur mouth like a broken pipe that d refineries ll never function this year that all were mere propaganda nd lie

What is the capacity of the refineries at present?

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by omenka(m): 8:36pm On Jul 27, 2015

League of Extraordinary Wailing Wailers, food is ready.

1 Like

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by Nobody: 8:48pm On Jul 27, 2015

Great

Sai Buhari - weapon of change grin

1 Like

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by chudionu58(f): 8:59pm On Jul 27, 2015

Keneking:
Great

Sai Buhari - weapon of change

http://www.nannewsnigeria.com/nation’s-refineries-operate-optimal-capacity-2016-nnpc
Guess your Baba was in power last October! lol

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by erunz(m): 9:09pm On Jul 27, 2015

God bless GEJ anywhere he is. Our refineries are working our rail PH-KANO also working. Even Daura President once said he cannot take credit for revamp of the refinery.
GOD BLESS GEJ
Proudly Wailer

8 Likes 1 Share

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by CSTR2: 9:23pm On Jul 27, 2015

Even buhari is smart enough not to claim credits for the refineries.

4 Likes

Re: FG Reduces Oil Imports As Production Begins In Warri, Kaduna Refineries by ERODEDEAST(f): 9:33pm On Jul 27, 2015*

The Masturbating masturbators will soon flood this thread with the aim of Masturbating for their Fake Prophet Boo.hari who was smart enough not to accept the credit for the working refineries. Just wait and see.

Boo.hari as a President of Nigeria is a Disaster to Africa - Ex US envoy

5 Likes