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Nigeria to end petroleum product importation by 2019: minister

Xinhua, February 8, 2017 Adjust font size:

Nigeria is on the path of ending importation of petroleum products by 2019, Minister of State for Petroleum Resources Ibe Kachikwu said Tuesday.

Speaking at a public hearing on the review of petroleum pricing template for Premium Motor Spirit (PMS) in Abuja, the minister said in the past two years, the government revived non-functional refineries to contribute about 8 million out of over 20 million liters of petrol consumed in the country daily.

"By 2019, we should be able to exist completely on the importation of petroleum products in this country," he added.

"Cognizant of the fact that Dangote is building one refinery, we expect to have an excess situation," he said.

The minister said Nigeria must also have the capacity to stop exporting crude oil. Endit