Kachikwu: I Will Resign If Nigeria Does Not Quit Fuel Importation By 2019

Related stories

BREAKDOWN: JAMB Releases 2025 UTME Results, Witholds 39,800 Others

By Kolawole Ojebisi The Joint Admission and Matriculation Board (JAMB)...

Satirical Letter Apology: Akpoti-Uduaghan Asks Court To Dismiss Akpabio’s Suit

By Kolawole Ojebisi The suspended lawmaker representing Kogi Central Senatorial...

AGF Denies Initiating Extradition Proceedings Against Simon Ekpa

By Kolawole Ojebisi The Attorney General of the Federation and...

Revitalizing Nigeria’s Economy: Lessons from the Asian Tigers and Urgent Reforms

By Sonny Iroche. PG Artificial Intelligence. University of Oxford Nigeria...

Alleged N70bn Corruption: Trouble For Matawalle As Group Petitions EFCC

By Abiola Olawale The Economic and Financial Crimes Commission (EFCC)...
  • Says govt did not pay militants money to ceasefire

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday said he would ‘walk’ (away) from his appointment as a minister of the federal government if in 2019 Nigeria does not quit importation of petrol.

Kachikwu, who spoke in a BBC talk programme, ‘Hardtalk’ in London, United Kingdom, stated that he was absolutely certain his plans to get Nigeria to stop importation of petrol in 2019 would work out fine.

He however explained that if in any case it failed, he would resign, adding that it was an honourable thing to do as a public office holder.

He also disclosed that the government did not involve any monetary incentive in its ongoing negotiations with militants in oil-rich Niger Delta. The negotiations, he added, was being conducted on mutual respect and understanding of the positions of parties involved, and had also ensured that oil production in the region has remained uninterrupted for a couple of months now.

Accused by Sackur of making quite a lot of promises, but yet to really fulfill them, Kachikwu refuted the claim and posited that every promise he had made since he assumed office, he had achieved them.
Asked when Nigeria would be self-sufficient in terms of refining petroleum Products as well as how concrete the targets are, Kachikwu said: “I have targeted 2019, that is the target that I gave.”

He was also reminded that time was running out on the target and that a failure could perhaps come with a costs, but the minister interjected: “Don’t worry, I put the date, I will work it.”

When the anchor further asked him: ‘And if you don’t achieve it, you will walk (away)?’ he said: “Yes, of course, that’s the reason why you are in government.”

He said on Nigeria’s continued importation of petrol and the plans of the government to end the practice: “It is wrong, we ought to process rather than ship out crude oil.”
“If you look at the efforts I have made in the last few months, it include major efforts working with investors to begin to reshape the refineries that were comatose for many years.”

“Since coming, we have been able to get them (refineries) back to produce seven million litres versus zero that is not the 90 per cent template, we are now refurbishing the refineries, I have just signed an agreement with Agip to build a new refinery in Nigeria, we are focusing on multinationals,” he added.

He further stated: “I have delivered on everything I promised when I took office. First, I took NNPC and moved it to a profit-making organisation, first time in history, I reshaped the organisation and I removed cash call deficit of over $6 billion and have re-negotiated it; everything that I have promised, I have delivered.

“I will deliver on the refineries and I am committed to that, and I will also deliver a future of oil that makes sense for Nigeria, but bear in mind that one is being there for one and half years, the president is being there for two years, I can’t pretend that we are going to solve in one day all the problems that happened in Nigeria in the past; we will solve the Niger Delta militancy problem, it was there, we sorted it out in one year.”

On the question that the government perhaps paid militants in the Niger Delta to ceasefire on disruption of oil production, Kachikwu said: “We don’t even have the money to feed anybody. I have always said that what the situation demands is simple engagement and respect. I have been very intensive about engagement since I was appointed and the vice president has joined me on that recently; the president has authorised it and we’ve seen a dramatic volte-face as soon as we did that.

“What has happened in previous times is that the militants felt nobody was taking them serious; nobody was listening to their complaints, and I am going to be doing that engagement continuously in terms of providing some economic blueprint.”
He said Nigeria had not focused enough in terms of long terms plan, long term investments, long term infrastructural rebirths for her oil industry, hence, its poor contribution to her Gross Domestic Products (GDP) ratio.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

[tds_leads input_placeholder="Your email address" btn_horiz_align="content-horiz-center" pp_msg="SSd2ZSUyMHJlYWQlMjBhbmQlMjBhY2NlcHQlMjB0aGUlMjAlM0NhJTIwaHJlZiUzRCUyMiUyMyUyMiUzRVByaXZhY3klMjBQb2xpY3klM0MlMkZhJTNFLg==" pp_checkbox="yes" tdc_css="eyJhbGwiOnsibWFyZ2luLXRvcCI6IjMwIiwibWFyZ2luLWJvdHRvbSI6IjQwIiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tdG9wIjoiMTUiLCJtYXJnaW4tYm90dG9tIjoiMjUiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3NjgsImxhbmRzY2FwZSI6eyJtYXJnaW4tdG9wIjoiMjAiLCJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sImxhbmRzY2FwZV9tYXhfd2lkdGgiOjExNDAsImxhbmRzY2FwZV9taW5fd2lkdGgiOjEwMTksInBob25lIjp7Im1hcmdpbi10b3AiOiIyMCIsImRpc3BsYXkiOiIifSwicGhvbmVfbWF4X3dpZHRoIjo3Njd9" display="column" gap="eyJhbGwiOiIyMCIsInBvcnRyYWl0IjoiMTAiLCJsYW5kc2NhcGUiOiIxNSJ9" f_msg_font_family="downtown-sans-serif-font_global" f_input_font_family="downtown-sans-serif-font_global" f_btn_font_family="downtown-sans-serif-font_global" f_pp_font_family="downtown-serif-font_global" f_pp_font_size="eyJhbGwiOiIxNSIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_weight="700" f_btn_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTEifQ==" f_btn_font_transform="uppercase" btn_text="Unlock All" btn_bg="#000000" btn_padd="eyJhbGwiOiIxOCIsImxhbmRzY2FwZSI6IjE0IiwicG9ydHJhaXQiOiIxNCJ9" input_padd="eyJhbGwiOiIxNSIsImxhbmRzY2FwZSI6IjEyIiwicG9ydHJhaXQiOiIxMCJ9" pp_check_color_a="#000000" f_pp_font_weight="600" pp_check_square="#000000" msg_composer="" pp_check_color="rgba(0,0,0,0.56)" msg_succ_radius="0" msg_err_radius="0" input_border="1" f_unsub_font_family="downtown-sans-serif-font_global" f_msg_font_size="eyJhbGwiOiIxMyIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_size="eyJhbGwiOiIxNCIsInBvcnRyYWl0IjoiMTIifQ==" f_input_font_weight="500" f_msg_font_weight="500" f_unsub_font_weight="500"]

Latest stories

Leave a reply

  • Disqus Comments
newdiplomatng
Latest News
BREAKDOWN: JAMB Releases 2025 UTME Results, Witholds 39,800 OthersSatirical Letter Apology: Akpoti-Uduaghan Asks Court To Dismiss Akpabio's SuitAGF Denies Initiating Extradition Proceedings Against Simon EkpaRevitalizing Nigeria’s Economy: Lessons from the Asian Tigers and Urgent ReformsAlleged N70bn Corruption: Trouble For Matawalle As Group Petitions EFCCHow Nigeria's Health Minister, Muhammed Pate, Nutrition Director, Made 2025 TIME 100 Health Category ListUtomi Clarifies Coalition's Shadow Govt. Mission Amid APC's PushbackNNPCL, Dangote Deepen Partnership to End Rivalry, Boost Energy SecurityLP Reps Back Nenadi-Usman-led NCC, Attacks AbureCAN Congratulates Catholic Church on the Election of Pope Leo XIVLeo XIV Attends First Mass As Pope, Warns Church Against 'Lack Of Faith'Why We Converted 'Ikpeazu' Govt. House To Five-star Hotel -- Otti Replies CriticsFLASHBACK: How Robert Prevost Visited Nigeria In 2016 Before Election As Pope LeoSSDC: Tinubu Names Nwuche as SSDC Chairman, Usoro Akpabio as MDRelief As Nigeria Clears $3.4bn IMF COVID-19 Loan Five Years After Pandemic
X whatsapp