Nigeria to import petrol beyond 2016 – Kachikwu

Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu

The Minister of State for Petroleum, Ibe Kachikwu, on Sunday, said Nigeria will continue to import fuel beyond 2016.

Speaking at a Press Conference with journalists shortly after a tour of the Kaduna Refining and Petrochemicals Company, the Minister said “the future is that, Nigeria is still going to import fuel in 2016 and beyond.

“Until we begin to get individuals who can co-relocate, we are going to be doing a mixture of local and importation of fuel to meet up demands.

“Best case situation is 25% local and 75% importation. Worse case is what we are experiencing now.

“In the next few weeks, however, queues will disappear in fuel stations,” he stated.

The Minister said Kaduna Refinery will soon attain 2 million litres per day capacity as soon as an FCC unit is fully on stream.

“We need to get it back to re-kit it to work well. We will do that with some level of production going on,” said Mr. Kachikwu.

“Our concern is to have a consistent production and provision of products at all times.”

On subsidy and pricing, Mr. Kachikwu said “we will not be fluctuating prices, we will take an average. Today no subsidy, in January we will look at the situation and announce it.”

On privatization, he said “President Muhammadu Buhari has not approved any policy about selling the refineries.”


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  • Du Covenant

    The fundamental question I have is, why must we continue to import refined petroleum products to Nigeria for God sake?. It is common knowledge that the Nigerian oil marketers have planted saboteurs in all four refineries so that they don’t work to make their existence a necessary evil in Nigeria. Why can we do the needful and tackle these rogue oil marketers head-on?. They have treated Nigerians as their enemies not customers to the extend they scuttle every chance to enjoy any important ocassion in Nigeria. They frustrate us all, steal from the federal government in the form of subsidy and steal from us again by hoarding and hiking prices etc. why?. In organised societies where they have to import the crude oil and refine it never go through this experiences, why can we built 6 or 10 refineries in different parts of Nigeria, give job opportunities to Nigerians?, fortunately we don’t have to import the crude oil, our crude oil is one of the easiest to refine and lets stop disgracing ourselves among nations by importing please…….I beg!..

    • Enough is Enough!

      Very good point…. I guess that is the objectives Buhari govt will strive to attain b4 2019.the ratio of local vs import will consistently improve…look out bro

      • NoBeLie

        Very good response… To stop importing , our refineries have to be able to meet local demand for petrol which is currently estimated at 40million liters daily. Even if our 3 refineries are operating at full capacity, they can’t meet up. So in addition to what we have on ground, we need new refineries (take years to build).

        • Guest

          2018 Nigeria will be flooded with refined products.

          Don’t worry yourself.

          • Guest

            Aliko to the rescue !!!!! He did it for cement, he will do it for petrol.

          • NoBeLie

            U sound like you have been there and back… Lol

    • UOU

      Did you read the man kachikwu at all, did he mention anything about building new refineries, NO? He only zeroed the best case sceniro to be, 25% local and 75% import, perhaps till expiry of their term, his pricing analysis was vague, nothing categorical yet the political news all over the place is that fuel will sell for N85 on January 2016, what of if its possible for the price to be less, in the case that crude goes to $10/barrel? Anyway, why cant all the 36 states be mandated to build one refinery each, and what of helping the local refineries in the niger delta area to upgrade to full grade, let the FGN help them to secure World bank/IMF loan and these state refineries would be a huge investment, earnings huge returns for the states also giving employment to millions of people in each states. Even if this is the only thing this confused government can do for 4yeras, they would be remembered. We have the template even though the present regime need to appease many factors it used against the last government, from fighting them and making this intention, a dead one on arrival,that would be the only challenge, I am just giving a tip of it here

  • APC thieves

    This man is the most dangereous lying being on mother earth–a hard core thief if there is one—in NNPC—with Buhari—This was the man who said the importation of fuel would soon be a thing of the past—now nko? It is really sad–Borrowed over 2 b—while we had 5.6b dollars in the coffers of NNPC—till date he is yet to give us an account of the money–stolen by him and buhari–its very sad—-our is that of one Nigeria under the rulership of ther 3 lying major tribes-Fulani –Yoruba and Ibos

  • Very Proud Oily IZON Redeemer

    Buhari Budgets N1.75Billion For His Feeding in 2016.

    The Nigerian President, Dr Muhammadu Buhari has allocated the sum of N1.75 billion for his feeding for the year 2016. This implies that Buhari will be spending N4.7 Million everyday (around £15,913.86 a day) on food.

    Although Buhari promised Nigerians that he will cut cost against what was obtainable in the last administration, his feeding budget was increased by 70% from last year’s budget.

    Former President Goodluck Jonathan was abused for budgeting N1billion for the Presidency during his tenure. On therefore wonders why Nigerians are silent when Buhari doubled his feeding budget. See the double speaking Nigerians are quiet because an Ijaw man whose oil resources were used to feed the Nigerian Nation for over 60 years————-has no right to spend 1b for feeding in Aso Rock—But Fulani Buihari ati his Yoruba backers whose ancestors contributed nothing towards the development of Nigeira, has the right to spend 1.75b for his feeding——————–Separation is the only way out-not the rule of the Fulani s ati Yoruba traitors

  • GEJ FOREVER

    EGYPT DID NOT WAIT FOR 4 YEARS BEFORE THROWING OUT MOHAMMED MORSI

    These people are just unserious and just don’t know what they are doing … what does he mean by “queues will disappear in the next few ” when they had earlier told us three months ago not to do panic buying …. that they will disappear in the next 72 hours.

    • MushinSpeaks

      You should ask yourself why fuel stations are now selling hoarded fuel when they heard Petrol will sell for N85.

  • MushinSpeaks

    Kachukwu has brought transparency to the oil industry and we are happy with that. If the previous administration had rightly done what should be done we won’t today be where we are.

    • Malchine

      W.W

  • Sani

    In case you dont know, a calling app called Ringoversea is now so cheap to call Nigeria. giving my little token info