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| Ibe Kachikwu, Minister of State for Petroleum Resources |
The Federal Government of Nigeria is partnering with state
and local governments and private investors to build hundreds of petrol
stations across the country. This is aimed at preventing future shortage in the
supply of petroleum products across the nation.
The Minister of State for Petroleum Resources, Dr Ibe
Kachikwu, confirmed this at Abuja on Monday and said the move will see the government
sign joint venture agreements with existing petrol stations in its bid to increase
the number of outlets run by the Nigerian National Petroleum Corporation.
Kachikwu said, “In terms of the mega stations, the
modalities are being worked out. Whether it is going to be 800 or 500, I can’t
say precisely; but definitely, we are trying to develop a lot of filling
stations and we are working with state governors in terms of land and with
local governments as well. Now the whole idea is for us to be able to span out
our wit when there is a crisis.
“Some of that is going to come through joint ventures with
some existing filling stations who are willing to do the JVs with us. So, that’s
being worked out and before the second quarter of this year, you’ll begin to
see some things on that.”
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