…Lists strategies for economic recovery
Minister of State for Petroleum, Dr Ibe Kachikwu, has identified seven key implementation strategies to boost the petroleum industry and enhence export of refined products by 2019.
Kachikwu, who spoke at the Presidential Quarterly Business Forum between the Private Sector and the Economic Management Team (EMT) in Abuja on Monday, listed policy and regulation; business environment and investment drive; transparency and efficiency; stakeholder management and international coordination as of primary concerns of the ministry.
Represented by Mr Johnson Awoyemi,, the Senior Technical Adviser of the ministry, the Minister identified peace and security in the Niger Delta region as being crucial in the programme.
Others, according to him, include engaging in gas revolution as well as increasing refineries and local production capacity.
“Oil and gas will drive diversification but the drop in oil production to 1.56 billion...
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