…Subsidy removal unrealistic – Kachikwu
Kunle Kalejaye 15 October 2015, Sweetcrude, Lagos – The 8th Senate has confirmed the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Dr. Emmanuel Ibe Kachikwu, as minister alongside 17 others.
Asked by the Senate president, Bukola Saraki, if Kachikwu’s nomination should be confirmed as requested by President Muhammadu Buhari, his fellow senators responded with an overwhelming voice vote in favour of his (Kachikwu’s) confirmation.
Other ministers confirmed by the Senate include Mr. Babatunde Raji Fashola, former governor of Lagos State; Chief Audu Ogbeh, a Second Republic Minister and former chairman of the Peoples Democratic Party; Dr. Chris Nwabueze Ngige, former governor of Anambra State; Sen Aisha Al Hassan; Solomon Dalong; Mrs Kemi Adeosun; Sen Hadi Sirika and Udoma Udo Udoma.
Others are Lai Muhammed; Dr. Kayode Fayemi; Ognbonnay Onu; Abdulrahman Dambazzau; Osagie Ehaniere; Amina Ibrahim; Muhammed Suleiman; Hussaini Adamu; and Usman Jubril.
Wednesday’s confirmation of the NNPC GMD as minister has ignited speculations of his retaining his current position at the NNPC alongside functioning as a minister.
During his screening, Kachikwu said NNPC was working to stop fuel scarcity, adding that to effectively put an end to fuel scarcity, there must be a total overhauling of the country’s refineries.
Commenting on the Petroleum Industry Bill, PIB, he said $15 billion iwas being lost every year as a result of the non-passage of the bill.
On pipeline vandalism and fuel subsidy, the NNPC boss said, “The Nigerian military and other security agents have been involved to provide proper security for the pipelines. Building new pipelines will be financially tasking.
“The removal of subsidy is unrealistic. Unless some issues are addressed, subsidy will still be in existence.”