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:
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
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