Dr Ibe kachukwu has said that it would be sad if the nation’s refineries are not functional by the end of 2019.
According to him, the present administration is committed to ensuring that the importation of petroleum products is curtailed.
Kachukwu stated this on Thursday in Ibigwe-Ohaji in Ohaji\Egbema council area of Imo during the ground-breaking for construction of the 5,000 BPD Modular Refinery by Walter Smith petro-chemical limited.
The project is being partnered by the Nigerian Content Development and Monitoring Board (NCDMB)
He said that the Buhari administration was committed to ensuring that the nation’s refineries became functional by the end of 2019.
“It would be sad if by the end of 2019 we are still importing fuel from abroad.
“So, we are committed in repairing the refineries; by that we can at least process about 500,000 barrels of crude per day.
The policy of this administration is `go back to refining about 20 per cent of our crude which will move to 50 per cent in the next five years’.
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