Ibe Kachikwu

NNPC reduces importation of petrol by 45%

by Azeez Adeniyi The Nigerian National Petroleum Corporation (NNPC) has reduced its importation petroleum from about 95 per cent to 50 per cent. The Minister of State for Petroleum Resources, Ibe Kachikwu said this in a podcast message posted on his Facebook page on Saturday. Kachikwu said the reduction has led to massive investments in... Read More

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The Thread: Hilarious nicknames for FEC WhatsApp group now Buhari is working from home

President Buhari announced that he will be working from home henceforth. Bear in mind that the president has been missing from his Federal Executive Council meetings for 3 weeks. He’s been only seen in public when he goes to the Mosque on Friday. No better time than now to begin a Whatsapp group, yea? See... Read More

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House of Reps summon Emefiele, Kachikwu over alleged forex diversion

The House of Representatives on Thursday invited the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, and the Minister of State for Petroleum Resources, Ibe Kachikwu over alleged diversion of foreign exchange by some oil marketers. The committee on the Review of Petroleum Pump Price summoned the duo and asked them to appear on... Read More

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Osinbajo presides over FEC meeting (PHOTOS)

by Dolapo Adelana Acting president Yemi Osinbajo on Wednesday presided over the weekly Federal Executive Council (FEC) meeting. The meeting which held at the Aso Rock presidential villa had in attendance members of the presidency and some ministers of the Federation. Present were the Secretary to the Government of the Federation Babachir Lawal; Chief of... Read More

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Nigeria must stop importation of petroleum products by 2019 – Kachikwu

Minister of State for Petroleum Resources, Ibe Kachikwu has said the importation of petroleum products into Nigeria was a fraud and must be stopped. He said tnis in his ministerial address titled: ‘Reforming and repositioning the oil and gas industry in Nigeria’ at the ongoing Nigeria Oil and Gas Conference in Abuja on Tuesday. Kachikwu... Read More

Ibe Kachikwu, importation, nigeria, petroleum products

February 16, 2017

Nigeria now produces 2 million barrels of oil daily – Kachikwu

by Azeez Adeniyi Minister of State for Petroleum Resources, Ibe Kachikwu has disclosed that crude oil production in the country has risen to two million barrels per day. Kachikwu made the disclosure when he met with the House of Representatives Committee on Petroleum Resources (Upstream) on Wednesday to defend the 2017 budget estimates of the... Read More

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February 11, 2017

$9.8m cash, N200 suicide bombing fee | 5 numbers that mattered this week

$9.8 million – The EFCC discovered this amount of cash and another 74,000 pounds in the Kaduna home of the former GMD of the NNPC, Andrew Yakubu. $80 billion – According to Petroleum minister, Ibe Kachikwu, Nigeria loses this amount to pipeline vandalism in Niger Delta every year. N194 million – The Nigerian Customs Service... Read More

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February 10, 2017

Nigeria loses $80bn to vandalism annually – Kachikwu

Minister of State for Petroleum, Ibe Kachikwu has said Nigeria loses $80bn annually to vandalism of oil facilities in the Niger Delta. Kachikwu made this known on Friday in Yenagoa at the resumed dialogue with Niger Delta stakeholders as part of the visit of Acting President, Prof. Yemi Osinbajo, to Bayelsa. He said the Niger... Read More

$80bn, Ibe Kachikwu, Niger Delta, nigeria, vandalism

February 7, 2017

Nigeria will stop importation of petroleum products by 2019 – Kachikwu

Minister of State for Petroleum Resources, Ibe Kachikwu has said Nigeria will stop the importation of refined petroleum products by 2019. Kachikwu made the disclosure at a public hearing on the review of petroleum pricing template for Premium Motor Spirit (PMS) organised by the House of Representatives. He said the Federal Government has revived refineries... Read More

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January 31, 2017

Militancy preventing Nigeria from producing 3 million barrels of crude per day – Kachikwu

Minister of State for Petroleum Resources, Ibe Kachikwu has stated that the Niger Delta region can produce three million barrel of crude oil per day. Kachikwu stated this at a stakeholders’ meeting organised by the Ministry of Niger Delta Affairs on Tuesday in Abuja. He said the capacity has however been limited by insurgency in... Read More

3 million barrels, crude oil, Ibe Kachikwu

January 17, 2017

‘Osinbajo holds secret meeting with Tompolo, others’

Vice President, Professor Yemi Osinbajo reportedly met with ex-militant leader, Government Ekpemupolo, alias Tompolo and other Niger Delta agitators behind closed doors. According to The NewsGuru, Osinbajo who is on a fact-finding mission to the Niger Delta met with at Oporoza, traditional headquarters of Gbaramatu Kingdom. A source said prior to the meeting with Tompolo, the... Read More

Ibe Kachikwu, Niger Delta agitators, Niger Delta Avengers, Paul Boroh, Tompolo

January 11, 2017

FG will revamp refineries, allocate oil blocks in 2017 – Kachikwu

The Minister of State for Petroleum, Ibe Kachikwu has said the Federal Government will revamp the country’s refineries in 2017. He said this while highlighting the plans of the petroleum ministry for 2017. Kachikwu said the government will pass the Petroleum Industry Bill and accelerate revenue generation by looking into areas the government could make... Read More

Ibe Kachikwu, oil blocks, Refineries, Revamp

December 21, 2016

FG has no plan to privatise refineries – Kachikwu

The Federal Government has said it has no plan to privatize or concession the country’s three refineries in Warri, Port Harcourt and Kaduna. Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said this when he received members of the House of Representatives Committee on Petroleum (Upstream), who were on an oversight visit to the... Read More

Cincesaion, Ibe Kachikwu, Privatise, Refineries

November 23, 2016

The “Ikoyi blues”, “cash call-lite”, “gas in Lekki?” edition: Nigerian oil, gas and power round-up (Nov 14-18 2016)

by Adedamola July 11, 1991. Light rain showers and an unusual bustle of traffic in that tree lined part of Ikoyi, Lagos. Even by Ikoyi’s high standards, the congregation of Pajero Jeeps, Mercedes Bend 200 ‘V-Boots’ and Peugeot 505s signaled something very special was in the offing. Frenchmen, Americans, English, Dutch, Italians huddled around office... Read More

cash calls, donald trump, economy, Ibe Kachikwu, ikoyi, nigeria, Oil and Gas

November 18, 2016

The Late 5: These are the stories that drove conversation today

These are the top five stories that drove conversation today. 1. Dangote’s refinery will make govt refineries worthless – Kachikwu The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said Nigeria’s four refineries may become worthless once the refinery being built by the Dangote group begins operation in 2019. 2. Nigerian hanged in Singapore for... Read More

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November 18, 2016

Dangote’s refinery will make govt refineries worthless – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said Nigeria’s four refineries my become worthless once the refinery being built by the Dangote group begins operation in 2019. Kachikwu said this at a stakeholders’ consultative forum on the draft National Gas Policy and National Oil Policy in Abuja on Thursday. The minister... Read More

Dangote's refinery, Ibe Kachikwu, Nigeria's refinery, scrap, Worthless

November 14, 2016

We need oil to get out of oil – Osinbajo

Vice President Professor Yemi Osinbajo says Nigeria needs oil to get out of oil. Osinbajo made the remark on Monday at the presentation of three books written by Honourable Minister of State for Petroleum Resources, Dr. Ibe Kachikwu in Abuja. The books are, Compendium of Oil and Gas Cases in Nigeria, Legal issues in the Nigerian Petroleum Industry and... Read More

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November 11, 2016

Niger Delta: Kachikwu expresses anger over continued attacks on pipelines

Minister of State for Defence, Ibe Kachikwu has said expressed disappointment at the continued damage of pipelines in Niger Delta despite efforts by the Federal Government to engage stakeholders in the region. Kachikwu said this in a statement issued by Idang Alibi, Director of Press and Public Relations in the Ministry of Petroleum Resources. He... Read More

Ibe Kachikwu, Niger Delta, pipeline attacks

November 7, 2016

NNPC wrong to increase fuel price – Kachikwu

Minister of State for Petroleum, Dr. Ibe Kachikwu has said the recent increase in price of petrol in Nigerian National Petroleum Corporation (NNPC) filling stations was surprising. The minister said this after receiving an award at an event organized by the Petroleum Products Pricing Regulatory Agency (PPPRA) in Abuja on Sunday. NNPC had increased petroleum... Read More

Ibe Kachikwu, minister of petroleum resources, nnpc, pppra

October 9, 2016

The YNaija Tracklist: Pres. Buhari to hand over presidential jets to Air Force | Lagos school kidnap: Abductors demand N30m ransom | SANs condemn DSS crackdown on judges

From the papers this morning – a Tracklist. Pres. Buhari to hand over presidential jets to Air Force – YNaija FG still in talks with Niger Delta militants – Kachikwu – YNaija Lagos school kidnap: Abductors demand N30m ransom – YNaija Diversion of funds: EFCC seizes ex-Naval chief’s property – YNaija Buhari commends South Africa... Read More

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airforce, henry okah, Ibe Kachikwu, Militants, Niger Delta, President Muhammadu Buhari, presidential jets, The YNaija Tracklist

October 9, 2016

FG still in talks with Niger Delta militants – Kachikwu

Minister of State for Petroleum, Ibe Kachikwu has said rumours that dialogue between the Federal Governmrnt and Niger Delta militants has collapsed were untrue. Kachikwu said this on Saturday while speaking with journalists at the 2016 convocation of the Petroleum Training Institute, Effurun, Delta State. The minister said he has been reaching out to the militants... Read More

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September 10, 2016

Diversion of funds is the cause of Niger Delta problems – Kachikwu

The Minister of State, Petroleum Resources, Dr. Ibe Kachikwu, has said the diversion and misuse of funds meant for the Niger Delta over the years is the cause of the region’s current hardship. Kachikwu said this while hosting some lawmakers from the Imo State House of Assembly, who recently visited him in Abuja. The minister said... Read More

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September 6, 2016

Relax Nigerians, ‘NNPC has no plans of increasing price of fuel’

The Federal Government has insisted that the price of Premium Motor Spirit (PMS) will not be increased. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, and the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru, said there was no immediate plan to increase the pump price of petrol. Kachikwu... Read More

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Forex, Fuel Price, GMDs, Ibe Kachikwu, Marketers, Muhammadu Buhari, nnpc

August 20, 2016

110,460; N60 billion… | The 5 numbers that mattered this week

500 The number of former Niger Delta militants who will be given agriculture related skills. 1,600 The number of cases of pipeline vandalism which have occurred so far in 2016, according to the Minister of State for Petroleum, Ibe Kachikwu. 110,460 The number of shortlisted candidates for aptitude tests into the Nigeria Police Force. 100,000... Read More

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August 17, 2016

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... Read More

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How NNPC lost N65.83bn in five months

The Nigerian National Petroleum Corporation in its financial report for the month of May, said it recorded a total loss of N65.83bn between January and May 2016. The report, which was released on Friday, showed that the corporation’s revenue in the first five months was N588.46bn, while the expenses incurred was N654.29bn. The report, however,... Read More

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Kachikwu ‘didn’t spend N182m on chartered flight to China’ – Niger Delta Group

The Niger Delta Indigenous Movement For Radical Change (NDIMRC) has said the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu did not spend N182m on chartered flight to China contrary to reports. The group said this in a statement released by its President, Nelly Emma. The group also dismissed the allegation that the Minister... Read More

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‘What’s the guarantee militants won’t bomb Maritime University?’ – A salient question for Kachikwu

Minister of State for Petroleum Resources, Ibe Kachukwu, has to be wary while attempting to negotiate with Niger Delta militants, an Ijaw leader, Greg Afoegba, has advised. Speaking with journalists in Warri on Sunday, Afoegba said the modus operandi of Kachikwu’s dialogue process with the militants could possibly backfire. He urged the Minister to seek... Read More

Greg Afoegba, Ibe Kachikwu, Maritime University, Militants, Niger Delta, Rotimi Amaechi

Numbers that mattered ~ YNaija.com

‘$12.9bn, ₦1.4trn…’ | The 5 numbers that mattered this week

Every week, different figures make news headlines. While some numbers are bereft of impact in the general scheme of things, a few others tend to be significant, and as such they stand out. In essence, they are important and should matter. These are the numbers that mattered this week. ₦93 billion The amount, in Naira, set... Read More

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Reno Omokri: How Ibe Kachikwu taught Amaechi how to be a ‘Minister’

By Reno Omokri By now, you probably have watched the viral video of the town hall meeting organized by the ministry of masquerade dressing (otherwise known as ministry of information) in Uyo the Akwa Ibom state capital. At that event, the mild mannered minister of state for petroleum resources, Ibe Kachikwu, proved that you should... Read More

Amaechi, Ibe Kachikwu, Maritime University, Militants, Niger Delta, Reno Omokri

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