The Minister of State Petroleum, Dr. Ibe Kachikwu, made a shocking revelation yesterday that despite huge quantities of fuel pumped into the nation, more than 25% of these were diverted to neighboring countries. The revelation was made in a Town Hall meeting organized by the Federal Ministry of Information, Culture and Tourism.
Dr. Kachikwu said: “I have had countless sleepless nights. I work round the clock to solve this problem because whatever touches you touches me. Over 30 per cent of fuel is diverted to Chad and Cameroon. But I continue to oversupply and you see some people making money out of the agony of Nigerians.
“What we met on the ground when we came was complete lack of transparency but we have worked to put everything in order. The loss of N300 billion by the Nigerian National Petroleum Corporation (NNPC) has been reduced to N3billion, subsidy payment has been reduced to near zero. We are focusing on business, not bleeding the government.
Following this, the minister of information, Mr. Lai Mohammed underscored successes of President Buhari led administration. According to Lai Mohammed, administration “I can tell you today that we have also squarely taken on corruption, and we are winning. The situation is serious and no government can fight the battle alone. That explains why we have launched a nationwide sensitization campaign to make Nigerians to buy into the anti-graft war. In this campaign, our focus is not to vilify anyone, but to put a face to corruption instead of talking about it in the abstract.”
Reacting to tumble in international oil prices, Lai Mohammed said, “The President is working assiduously to diversify our economy away from oil. Agriculture, solid minerals, culture and tourism are some of the sectors we are currently working to rejuvenate so they can earn huge revenues for the country and create jobs.”
The intelligent vehicular tracking solution proposed by Dr. Kachikwu combines the use of programmed vehicular location in individual vehicles with software that collects these fleet data for a comprehensive picture of vehicle locations. If this feat is accomplished, the NNPC will drastically cut the rate at which petroleum products meant for Nigerian consumption are diverted elsewhere.