Thursday, 15 October 2015

Read How NNPC Boss Kachikwu Indicts Himself Before The Senate - Kachikwu steal show at Senate screening

Wednesday’s ministerial screening highlights

The screening of ministerial nominees into the Federal Executive Council enters day two on Wednesday.

Dr. Ibe Kachikwu

Dr. Emmanuel Ibe Kachikwu has stated that he would not be tempted TO TELL Mr President to remove petroleum subsidy... Only until full measures are in place to cushion the effect of such removal.

This disclosure was made by the group managing director of the Nigeria National Petroleum Corporation, Dr. Emmanuel Ibe Kachikwu when he addressed the Senate on Wednesday, October 14.

He noted that President Buhari can only entertain discussion on oil subsidy removal when all necessary palliatives are put in place, The Nation reports.

The NNPC boss disclosed that some people in the private sector are gunning for the removal of the subsidy an idea that the president had rejected.

He added that when he and the president were discussing on the issue of subsidy Buhari was particular about palliatives measures in health, education and transportation.

Kachikwu stressed that he totally agreed with the president stance saying unless there is necessary palliatives there would be need for the removal.

Meanwhile, the NNPC had cleared the air on the purported price reduction on Premium Motor Spirit from N57 per stating that the price remained N87 per litre.

The corporation made this known in a press statement released in Abuja describing the reports of price reduction as false and advised members of the public to ignore such news.

– 50% of NNPC subsidy charges come from kerosine.

– Refinery has a lifespan of 50-60 years depending on maintenance.

– Nigerians to get free cylinders  next year.

– PH Refinery operating presently at about 67% capacity.

-No routine maintenance in refineries in 10 years.

– No new PIB for now.

– Contracts processes in NNPC not transparent.

– Senators will get monthly report on NNPC and the petroleum industry as a whole.

– All requests or grants for refineries will be reviewed.

– NNPC is not owing salaries.

– There is massive fraud in subsidy scheme.

– I will support NNPC unbundling.

– NNPC has one of the best retirement packages in Nigeria.

Abubakar Malami

– Our laws cannot develop without input from National Assembly.

– Justice administration is incomplete without financial independence of the judiciary.

– There is development in justice administration, but there is need for greater collaboration among the three arms of government.

-No person should be detained in criminal matter beyond a period of three months before they are arraigned.

-Justice administration in respect of criminal cases provides that cases must be determined within 180 days.

– Prisoners should be made to acquire vocational skills while serving their terms.

So also were Kachikwu’s comments on the oil industry and Adeosun’s remarks on the economy, devaluation of the Naira and Treasury Single Account, TSA, foreign direct investment and how to improve Nigeria’s alternative sources of revenue.