Thursday, 24 March 2016

I'M NOT A MAGICIAN, FUEL SCARCITY WILL END BY MAY - Kachikwu

Minister of State for Petroleum, Mr. Ibe Kachikwu has dashed the hopes of Nigerian's he emphatically said that the current queues at filling stations will persist till late May 2016.

The Group Managing Director, GMD of the Nigerian National Petroleum Cooperation, NNPC said: “One of the trainings I did not receive is that of a magician but I am working very hard to ensure some of these issues go away‎. And let’s be honest, for the five, six months we have been here, NNPC has moved from a 50 percent importer of products to basically a 100 percent importer. And the 445 barrels that were allocated was to cover between 50 and 55 percent importation.

“So, it is quite frankly sheer magic that we even have the amount of products at the stations. We are looking to see how to get foreign exchange imput. The president and I discussed extensively on how to get more crude directed at importation. His excellency will rather have less crude but have individuals in the society suffer less with inconveniences than have more crude and have them continue to suffer."

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