Kachikwu: Nigeria Constrained to Fund $2.5bn Refineries’ Repair via thisdaylive
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has disclosed that it will be difficult for Nigeria to dip its hands into its coffers to finance the repair of its decrepit refineries in Warri, Port Harcourt and Kaduna.
For a while now, the country has dithered on deciding on what ways to adopt to fix her refineries and end importation of petrol. “The second option is that, we decided that we are going to dip our hands into our own internal funds, which we don’t have a lot of and make the money available.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kachikwu shops for Saudi's investment in refineriesThe Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has asked the Saudi Arabia oil company, Aramco to invest in the four...
Read more »
Kachikwu: NNPC Unlikely to Become Profitable with Huge Under Recovery Cost - THISDAYLIVEStories by Chineme Okafor in Abuja The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that Nigeria’s continuous subsidising of petrol consumption means the Nigerian National Petroleum Corporation (NNPC) will remain unprofitable in for a long time. Kachikwu, also disclosed that the country’s plan to exit importation of petrol by the end …
Read more »
NNPC Plans 215,000 bpd Extra Refining Capacity for Refineries - THISDAYLIVEKasim Sumaina in Abuja In order to address the shortfall in the supply of petrol, the Nigerian National Petroleum Corporation (NNPC) Thursday said it had resolved to add 215,000 barrels per day (bpd) refining capacity to its existing nameplate of 445,000 barrels of crude oil per day in Warri, Kaduna and Port Harcourt refineries. The …
Read more »
AfDB’s investments in Nigeria stands at $4.5bn — Official - Premium Times NigeriaThe African Development Bank (AfDB) says its level of investment in Nigeria stands at $4.5 billion as at March 2019............
Read more »
Nigeria seeks Saudi Arabia investment in building refinery - Premium Times NigeriaThe Minister of State for Petroleum Resources, Ibe Kachikwu, says the Nigerian Government was looking at the possibilities of having the Kingdom of Saudi Arabia build a refinery in Nigeria.
Read more »
AfDB’s investments in Nigeria stand at $4.5bn – Official -The African Development Bank (AfDB) says its investment in Nigeria stood at $4.5 billion as of March this year.............
Read more »
AfDB’s investments in Nigeria stands at $4.5bn — Official
Read more »
Saudi Arabia to revamp Nigeria’s refineries, build new plant – FG
Read more »
Saudi Arabia to build refinery in Nigeria – Daily TrustSaudi Arabia has hinted on the possibility of establishing a refinery in Nigeria. Minister of Energy Industry and Mineral Resources of the Kingdom of Saudi Arabia, Khalid Al Falih dropped the hint during a meeting with Nigeria’s Minister of State for Petroleum Resources, Ibe Kachikwu in Riyadh.ADVERTISEMENT Kachikwu who affirmed the Saudi oil minister’s position …
Read more »
Dangote refinery: Nigerians attack Shehu Sani for criticising Buhari govt - Daily Post NigeriaThe lawmaker representing Kaduna Central senatorial district, at the National Assembly, Senator Shehu Sani, has been put under 'fire' by some Nigerians on
Read more »
FG Targets Improved Electricity Supply with Fresh $200m Support Fund - THISDAYLIVEThe federal government has said about 500,000 people without electricity in Nigeria would be able to have access to power in no distant time as it plans to spend about $200 million on providing electricity for about 105,000 households. The initiative is in continuation of its rural electrification plans. A weekly roundup of developments in …
Read more »