Energy

Nigeria to stop importing fuel by 2019 – FG

Published

10 years ago

on

February 9, 2017

By

Feyijimi Emmanuel

The State Minister for Petroleum Resources, Ibe Kachikwu, has said the federal government plans to stop importing refined petroleum products into the country by 2019.

He said the foreign investors had signed a deal with the Nigerian National Petroleum Corporation, NNPC, to repair refineries within two years. He said the refineries would produce about eight million litres, about 40 percent of daily consumption.

Kachikwu also stated that business mogul, Aliko Dangote, had begun constructing one refinery.

Speaking on the issue of subsidising fuel pump price, he said the current price was a result of market forces.

Related Topics:Fuel importation Ibe Kachikwu Minister for Petroleum Resources Nigerian National Petroleum Corporation (NNPC)

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