The minister of state for petroleum resources, Dr Ibe Kachikwu says there will be no solution to the recent fuel crisis in Nigeria, having investigated the causes of fuel scarcity recorded across the country recently.
The minister of state for petroleum, Ibe Kachikwu made this known on Thursday in Abuja during a one-day public hearing of the national assembly joint committees on petroleum (down stream).
The minister however decried the poor state of the refineries over the years and condemned their inability to produce sufficient fuel for the country.
According to him it is a shame that a country cannot produce sufficient fuel for its citizens after over 35years of refining in Nigeria.
“I have said that selling crude is a fairly wrong model which is akin to selling our agricultural products in the wrong way and nobody does that anywhere in the world anymore”
Kachikwu also added that unless “Unless we have operational refineries there will be no permanent solution to the fuel crisis in the country”
He went further to say that a lot of work was going on and that government has mapped out strategies to ensure availability of the products which will be sold at Government regulated prices.
He sympathized with Nigerians over the difficulties experienced during the fuel crisis period, but blamed it on the inability of major oil marketers to import fuel, due to the difference between the rise in price of crude oil and the cost in crude oil.
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