How Will Nigeria Grow When Its Own Petroleum Minister Believes Its Cheaper To Import – NLC

During the 11th National Delegates Conference of NUTGTWN held in Kano yesterday, The Nigerian Labour Congress (NLC) slammed Dr. Ibe Kachikwu, Minister of State For Petroleum Resources over his statement which promoted the importation of fuel.

Ibe-kachikwu

According to NLC, Dr. Kachikwu, should resign following his statement that it was more cheaper to import refined petroleum products than have them refined in the country.

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The Nigerian Labour congress felt such a statement was against President Buhari’s principle of promoting local content thus advising that he not only resign but also tender a public apology.

While speaking at the conference, NLC President, Ayuba Wabba, said Dr. Kachikwu’s comment was not in the best interest of Nigeria, as he was only promoting foreign interest. He insisted that:

except Nigerian industries were brought back on track, the country’s aspiration to prosperity will remain a mirage.

Also, Comrade Issa Aremu,  clearly pointed out that Kachikwu’s comment contradicts the mission statement of the Ministry which is to :

maximise the benefits of the sector, oil and gas, so that we can use these resources for national development.

He added that the comment was“extremely dangerous,” wondering how Nigeria will grow when its Petroleum Minister believes that it is cheaper to import than to produce locally.

Comrade Aremu also used Aliko Dangote as an example saying he is spending over $10billion dollars to establish the largest refinery in the world with a capacity to refine 650,00 barrel per day in Nigeria.

If the same amount spent on fuel importation yearly was reserved for the building of local refineries, Nigeria would have many refineries by now.

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Temitope Delano

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