Minister of State for Petroleum Resource, Dr. Ibe Kachikwu yesterday said the President Muhammadu Buhari-led government has not spent a dime on the country’s four refineries, an achievement not many have paid attention to.

Kachikwu said this in Abuja during a presentation of three years key achievements of the ministry and award to its staff.

Daily Trust estimates that more than N264 billion was spent on turn around maintenance of the refineries by successive governments before the present administration but the plants have failed to deliver.

The minister said all the efforts made so far to fix the refineries have been to find private investors to collaborate with government to put these refineries in order and then save government money.

“What is important is that for the first time, the president had been able to say that he would repair the refineries without government money. Nobody had been able to give attention to that,” Kachikwu said.

“No government one penny had been spent on any refinery,” he added.

“This is because every Turn Around Maintenance (TAM) that we have done in the past has always come up with stories. Wrong contracting models, wrong delivery, wrong work, and we don’t want to go that way.”

He said government’s target was to bring in private sector investors to finance the repairs of the refineries.

“NNPC have struggled to find the financiers, now financiers have finally been found but to agree on terms have been difficult. I am hoping that by the end of this year and first quarter next year we would have completed the commercial aspect of this financial undertaking which is in the excess of over $2 billion.”

Kachikwu said he would love to see a day when there would be no fuel scarcity in the country but for that to happen, the liberalization of the sector was going to be a panacea.

“As long as we continue to subsidize products, create market-unfriendly type practices, we would continue to struggle,” he said.

https://all-gists..com/2018/12/buharis-government-hasnt-spent-penny-on-refineries-kachikwu.html

Is fuel available are we done with queues and scarcity?

The "brouhaha"dat goes on in nnpc could make see sense/agree with atiku on his plan to sell nnpc should he become president.quite pensive.

Failed Government

If it were to be that very stupid man called GEJ only God kwns the kind of huge amount he must have spent trying to deceive us that dey are trying to fix the refineries..

Thank God that stupid drunkard GEJ was voted out...

Quote
This is because every Turn Around Maintenance (TAM) that we have done in the past has always come up with stories. Wrong contracting models, wrong delivery, wrong work, and we don’t want to go that way.”
Unquote

There is where PDP and their criminals led us to.
May God punish all politicians that stole from this country.

President Buhari, we believe in you.
Keep taking us to the land flowing with milk and honey.
To the NEXT LEVEL we go

Ok

Next please

Backtodaura.com

He is always meticulous in everything until things get worse.

What is this one saying??

See this dummy talking nonsense. The same refinery Buhari promised to revamp within six months. Even u couldn't agree terms with the private investors after waiting for over 3 years. Apc is scam, simple as ABC.

ShameOnAPC:
Failed Government

Lack of understanding.
No wonder!

4 years gone,

Nonsense, I Just Hate Hearing Nigeria Politics News, Full Of Crap, People Are Suffering And All They Do Is talk Rubbish and Hide Their Head! None Of Them Is Working, They Only Say What Cowards Needs To Hear! I Don't Like Opening Threads Like This In Other Not To Get Angry! Incompetent Leaders

Sai Buhari if we no vote Buhari wetin we gain

I am confused here

OK!


Its just that fuel at 145 naira per liter is too expensive coupled with high cost of virtually everything in Nigeria today.

Hmmmm

Interesting.

Doesn't it all amount to the same thing? Is this not what Atiku also said he was going to do? Let's get real here, anyhow, they are still codedly selling NNPC to the highest bidder. I hope they negotiate well

Is PA BUHARI still alive? oh i forgot, u mean Mr Jubril?

We know now, that $25b you lamented that he signed from his sick bed in London which you lamented bitterly what happened to it Mr Kachikwu, see how you have messed up your reputation because of this dullard.
Shaking my head on your behalf

do u guys contract it to invisible carpenters?

B




Sent from tekno k9

Same refineries thst was sold to dangote that year only to be reversed by yar adau

Zico5:
See this dummy talking nonsense. The same refinery Buhari promised to revamp within six months. Even u couldn't agree terms with the private investors after waiting for over 3 years. Apc is scam, simple as ABC.

but what about pdp that spent billions of dollars on it and nothing to show for it?

This government isn't serious I can't wait to vote them out next year

Babanews:
Hmmmm

Interesting.

Then fuel will be sold up to 300

Ok
Let's vote them out

LETS MAKE NIGERIA GREAT AGAIN