Why Lawmakers Want Kachikwu, Baru To Stop Refinery Maintenance
The bid to maintain Nigeria’s refineries so that they can start refining enough crude may not happen as proposed.
On Thursday, lawmakers at the House of Representatives asked the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, to stop the government’s refinery maintenance plan.
The proposed Turn Around Maintenance, TAM on the four Nigerian refineries would cost $1.8 billion, about 648 billion Naira.
The lawmakers believe that the expenditure could not be justified since the refineries have largely been unable to refine crude for domestic consumption and possible exportation of finished products.
The NNPC takes 445,000 barrels of crude daily for the purpose of refining for domestic consumption, but the country now depends almost 100% on importation for its fuel needs.
A House resolution in November 2017 had directed the NNPC to stop the fresh TAM, pending the outcome of an investigation by the House into the many maintenance efforts carried out on the facilities in the past.
The Chairman of the ad hoc committee set up by the House to conduct the probe, Mr. Garba Datti-Muhammad, stated in Abuja on Thursday that the panel had commenced the investigation.
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