Am not a magician Nigerians should please bear with us on fuel scarcity – Kachikwu

 

According to him, it is  even a “magic” that the stations are still getting volume of products  they dispense to the public, judging from the prevailing circumstances  at NNPC.  The minister also revealed that NNPC’s import rates had moved form 50  per cent to all-time rate of 100 percent, saying the 445,000 barrels  allocated to crude swap now service 50 to 55 per cent importation of  refined product. 

 But giving a glimmer of hope on how to achieve lasting solution to the  product scarcity, Kachikwu said government was working to beef up the  reserves.  He stated that when the refineries come on full stream, locally refined  products would be left unsold in the reservoir to boost supply and  availability of the products.  

The minister was fielded questions from State House correspondents after  leading officials of Nigeria Union of Petroleum and Natural Gas,  NUPENG, and Petroleum and Natural Gas  Senior Staff Association of  Nigeria, PENGASSAN, to a meeting with President Muhammadu Buhari at the  Presidential Villa, Abuja,yesterday.  

I’m not magician —Kachikwu  He 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 445,000 barrels that were allocated was to cover  between 50 and 55 percent importation.