Kachikwu reveals FG’s plan to increase oil production

The most recent episode of CNN’s Quest Means Business with Richard Quest brought us an interview with Ibe Kachikwu, Minister of State for Petroleum Resources and Chairman of the Nigerian National Petroleum Corporation Board.

The Minister stated that the federal government was working towards achieving a sustaining solution to the lingering issue of militancy in the Niger Delta region.

Kachikwu noted that the country will need to step up its oil production to about 900,000 barrels per day in order to recover from the loses caused by militancy in the region.

He, however, said that though he was less than optimistic that scheduled cuts of oil production by OPEC would be employed, once engagement with 70% of the oil producers begins, it is likely to have a substantial impact.

Kachikwu later made sure to quip that the President Buhari-led administration is unrelenting on their hope of reuniting the abducted Chibok girls with their parents.

Have a listen to it below:

http://bit.ly/Ibe-Quest

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