- Post by Admin on sunday, March 05, 2015
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has vowed to resign if the country fails to attain self-sufficiency in the refining of petroleum products by 2019. Kachikwu, who spoke as a guest on BBC Hard Talk in London on Monday, also stated that he recently signed an agreement with the international oil giant, Agip, for the firm to build a refinery in Nigeria.
When asked to state the year that Nigeria would be self-sufficient in refining petroleum products, Kachikwu replied, "I have said 2019, and that is the target that I gave." On whether he would leave office if he failed to achieve the target, the minister replied, "Yes, of course.
That is the reason why you are in government." Kachikwu was also told by his interviewer that the industry was totally dysfunctional considering the fact that Nigeria exports crude oil and imports refined products despite having refineries, but he stated that efforts were being made to revive obsolete facilities in the sector.