Kachikwu Says Nigeria Will Import PMS Beyond 2016

Minister of State for Petroleum, Ibe Kachikwu, has revealed that Nigeria will continue to import fuel. This was revealed on Sunday at a Press Conference shortly after a tour of the Kaduna Refining and Petrochemicals Company. Kachikwu further said that, “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 the 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.” Kachikwu also stated that the Kaduna Refinery will soon attain 2 million litres per day capacity as soon as an FCC unit is fully on stream. “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. “President Muhammadu Buhari has not approved any policy about selling the refineries.”