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#MinisterialScreening: Non-Performing Refineries Will Be Shut Down In December – Kachikwu

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Emmanuel Ibe KachikwuNigerian National Petroleum Corporation (NNPC) Group Managing Director, Dr Ibe Kachikwu, said refineries in the country performing below 65 per cent of capacity would be shut down in December, 2015.

Kachikwu, one of the 37 ministerial nominees stated this while responding to questions by some senators during his screening at the Senate on Wednesday in Abuja.

He disclosed that the reality is that functioning refineries were operating at only 25 per cent, contrary to reports that they were doing well.

He said that it was not enough for a refinery to produce at 65 per cent today and at zero per cent the next day, stressing that anytime crude was not utilized by a refinery, the government lost money.

On recurring scarcity of petroleum products, especially petrol and kerosene, Kachikwu said that the situation would continue unless the refineries performed optimally.

“Performance levels are about 25 and 26 per cent; it is not enough to do 65 per cent one day and do zero per cent the next day.

“We have started a policy of not giving crude to any refinery that is not producing.

“Port Harcourt refinery is producing at over 60 per cent and we want to drive it to 80 by December.

“Warri Refinery has indicated that it will soon come on stream; we will begin to pump crude to Kaduna Refinery by tomorrow (Thursday) and by the next five days, we will know if they will produce above 65 per cent.

“Any refinery that does not produce up to 60 per cent is not into production, and at the end of December, we will only allow those who perform optimally.

“Those that do not, we will shut them down”, he said.

The NNPC boss said that a lot of work needed to be done on the refineries as they had not been well maintained in the last 10 years.

He hinted that importation of petroleum products would be stopped, saying that doing so was costing the nation a lot of revenue.

“Kerosene is a different ball game; only NNPC imports kerosene in this country because nobody can import and make money.

“Fifty per cent of NNPC subsidies go to kerosene, so our refineries must work so we can get kerosene and gas.

“Importation is something we must quickly get out of so we must ensure that our refineries work; we must build and have a strategic reserve of at least two years”, he said.

Kachikwu added that the nation needed to privatise the downstream sector of the oil industry, saying it would spur competition and develop the sector.

He said that corporation was working on making gas available to Nigerians, adding that plans were on to produce cylinders and make them available to all Nigerian by 2016 “and create gas points closer to the people”. (NAN)

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Fayemi Presents Over N109 billion As Budget Estimate For 2021

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Ekiti Extends Curfew Indefinitely
Fayemi Presents Over N109 billion As Budget Estimate For 2021

Governor Fayemi

Governor of Ekiti State, Kayode Fayemi has presented the proposed budget for the 2021 fiscal year in the State.

The Governor on Monday presented a budget estimate of over N109 billion for the 2021 fiscal year.

Governor Fayemi, while presenting the budget at the State House of Assembly complex yesterday in Ado-Ekiti described the 2021 budget as “Budget of Recovery and Economic Restoration.”

Also Read: #EndSARS Protests Politically Motivated – Kogi Governor

The budget has a recurrent expenditure of N57, 997,898,982.62k while the capital expenditure has N51, 668,386,739.99k.

Fayemi, said the budget proposal presented contains the policy thrust, programmes, and vision of his administration for 2021, saying efforts shall be made to source the needed resources to fund the budget.

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National Broadcast: PDP Slams Buhari Over ‘Disappointing, Empty’ Speech – PDP

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National Broadcast: PDP Slams Buhari Over 'Disappointing, Empty' Speech – PDP
National Broadcast: PDP Slams Buhari Over 'Disappointing, Empty' Speech – PDP

Muhammadu Buhari

The Peoples Democratic Party (PDP) has blasted President Muhammadu Buhari over his nationwide broadcast over the ongoing #EndSARS protest rocking the country.

Recall that Buhari in his speech called for an end to the protest, adding that his government had already accepted and started implementing demands of the protesters.

He, however, failed to acknowledge the shooting of protesters by soldiers of the Nigerian Army at the Lekki Toll Gate on Tuesday night.

Also Read: President Muhammadu Buhari’s speech – Full text

Reacting in a statement on Thursday night by its spokesperson, Kola Ologbodinyan, the PDP said Buhari’s address was depressing and failed empathy test.

The party appealed to Nigerians, particularly the youth, to remain calm and allow a return to normal life in the collective quest for peaceful co-existence in the overall interest of the nation.

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PDP Asks Buhari To Stop Killing Of #EndSARS Protesters Across Nigeria

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PDP Asks Buhari To Stop Killing Of #EndSARS Protesters Across Nigeria

PDP

The Peoples Democratic Party (PDP) has condemned the killing of peaceful #EndSARS protesters at the Lekki Toll Gate, Lagos.

This was contained in a statement titled “EndSARS- Lekki Massacre,” signed by the PDP National Publicity Secretary, Kola Ologbondiyan, late on Tuesday.

Ologbodiyan said, “The Peoples Democratic Party, condemns in very strong terms, the killing of peaceful protesters at the Lekki Toll Gate in Lagos as well as other parts of our country.

Also Read: Shehu Sani Condemns Shooting Of #EndSARS Protesters At Lekki Toll Gate

“It is shocking that security agents and, in some cases, thugs, were reportedly deployed to end the lives of promising Nigerians. This, to say the least, is saddening.

“Those responsible for the heinous murder of the innocent and harmless Nigerians must account for their nefarious acts.

“The PDP calls on President Muhammadu Buhari to immediately direct an end to these wanton killings across our nation.

 

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