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The Kachikwu Lies And Contradictions - Politics - Nairaland

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The Kachikwu Lies And Contradictions by thunderrider: 8:11am On Apr 04, 2016
In a normal situation carrying out routine turn-around maintenance (TAM) for an oil refinery shouldn’t attract any attention locally, nationally or internationally.


This is because it is regarded as a normal oil refinery industry housekeeping standard scheduled activity or exercise all over the world except here in Nigeria, where it is seen and regarded as a major national achievement.



Emmanuel Ibe Kachikwu, who doubles as the minister of state for Petroleum Resources and the GMD of the NNPC last week said Nigeria is in talks with oil majors Chevron, Total and Italy's ENI to get help revamping the ailing refineries in the country.

Kachikwu has previously said NNPC was looking at partnerships or takeovers of the refineries.

On Friday, September 25, 2015, Kachikwu was at his best when he disclosed to a Refinery thirsty nation that the corporation would commence the sale of refinery that fails to begin optimal operation by December 2015, when a 90-day ultimatum for their rehabilitation expires.

Waxing in characteristic rhetoric Kachikwu stated thus “If by December, the refineries don’t work, I will export crude allocation and import refined petroleum products until we fix the refineries.

Eight months down the line as minister Kachikwu is fast consolidating on his bourgeoning reputation as a lying machine.

Months ago Kachikwu at a function said that we have moved beyond subsidy to price modulation only for the government to restart the payment of subsidy on petrol as it subsidised the commodity by N5.84 for every litre of premium motor spirit consumed in Nigeria.

When Kachikwu came in August 2015 he reduced the number of directorate from 7 to 4 with the excuse that he wants to run a lean organization, he was praised for his actions from several quarters, it is shocking to know that he has quietly increased it back to 7.

In February Kachikwu said that the Nigerian National Petroleum Corporation (NNPC) will in March begin a new product import system of Direct-Sale–Direct-Purchase (DSDP).

The DSDP is to replace the controver­sial crude-for-products exchange arrangement popularly referred to as crude swap that has caused Nigeria to lose a whooping $966 million between 2009 and 2012 through the crude swap arrangement.


Read more at
http://www.persecondnews.com/index.php/component/k2/item/5976-the-kachikwu-lies-and-contradictions

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