The Minister of State for Petroleum, Ibe Kachikwu, has revealed that the country would continue to import fuel beyond 2016.
Addressing newsmen at a Press Conference shortly after a tour of the Kaduna Refining and Petrochemicals Company on Sunday, Kachikwu said “the future is that Nigeria is still going to import fuel in 2016 and beyond.”
He said, “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.
“Best case situation is 25% local and 75% importation. Worse case is what we are experiencing now.
“In the next few weeks, however, queues will disappear in fuel stations,” he stated.
The Group Managing Director, Nigerian National Petroleum Corporation stated that the Kaduna Refinery will soon attain 2 million litres per day capacity.
“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,” Kachikwu said.
On the issue of subsidy and pricing, the Minister said “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.”
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