Group Managing Director NNPC and Minister of State for Petroleum, Dr. Ibe Kachikwu, during his tour of Kaduna Refinery and Petrochemical Company, KRPC, yesterday, said the country will still rely on 75 per cent importation of fuel throughout the whole of next year.
According to him:
“The future is that, Nigeria is still going to import fuel in 2016 and beyond. Best case situation is 25 per cent local and 75 per cent importation. Worse case is what we are experiencing now.
“Until we begin to get individuals who can co-relocate, we are going to be doing a mixture of local and importation of fuel to meet up demands. In the next few weeks, however, queues will disappear in fuel stations.”
The minister said that the Kaduna refinery will soon be producing more than two million litres per day capacity as soon as an Fluid Catalytic Cracking, FCC, unit is fully on stream.
He said:
“We need to get it back to re-kit it to work well. We will do that with some level of production going on. Our concern is to have a consistent production and provision of products at all times.”
“We will not be fluctuating prices, we will take an average. Today no subsidy, in January we will look at the situation and announce it.”
In regards to privatization, he said:
“President Muhammadu Buhari has not approved any policy about selling the refineries.”
Vanguard
EdemAya, a community so rich in mineral resources, and one of the five clans that make up the present day Ikot Abasi Local Government Area of Akwa Ibom State, Nigeria is hosting the world on the 29 th of March 2013. As we gathered from the head of the organizing group, Miss Precious Dominic Akpan, the event is scheduled to take place at the Cooperative Hall, Ikot Ubo Akama, Edemaya in Ikot Abasi, Akwa Ibom State. Three beauties are to emerge from the event which promises to be the first ever organized pageant. The Eligibility Form which are currently on sale for a token of N 2,000 will qualify the contestants to struggle for Miss EdemAya, Miss Democracy of EdemAya and Miss Culture & Tourism of EdemAya. The screening and training of the contestants commences on 25 th through 28 th of March 2013. We have been reliably informed that the event will parade ‘who is who’ in the music industry in Akwa Ibom State and a popular reggae artist from Delta State. Imagine the sque...
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