He said out of the privatised enterprises, 63 per cent of them are doing well while the remaining 37 per cent are not performing.
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“In the past, most Nigerian energy and petroleum industry players spent huge foreign exchange to attend the popular Offshore Technology Conference (OTC) in Houston, U.S. Today, Kachikwu has changed the narrative by conceptualising and hosting the new Nigeria OTC, that seeks to bring investors and players in the sector to Africa for the first time.”
He said, “Ultimately, the greater challenge that this country would have and still have is that of pricing. Everybody wants power, available gas and freely delivered fuel with no queues, but people are not willing to make the sacrifices that are essential for these things to happen.”
He said, “Delta state already has three modular refineries waiting to take off now. One in Sapele, one in Kwale axis, one in Ukpai. They are 10,000 barrels each.”
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