- Post by Admin on sunday, March 05, 2015
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Tuesday disclosed that the federal government’s target to end importation of petroleum products in 2019 is non-negotiable, stressing that operators in the oil and gas industry, who cannot deliver on this target had failed the country.
This is coming as the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has said the Department of Petroleum Resources (DPR) has been mandated to dispense any hoarded petrol in any depot or filling station across the country free to motorists.
Vice President Yemi Osinbajo has said the federal government would soon announce a new interest rate specifically to encourage access to loan to the manufacturing sector to boost economic activities. He urged the Chairman of Petrolex Oil and Gas Limited, Mr. Segun Adebutu to expedite actions on the implementation of the 250,000 barrels per day refinery being planned by the company.
Photo Caption: Minister of State for Petroleum Resources, Dr. Ibe Kachikwu