Udom Emmanuel, the Akwa Ibom state governor, has revealed
that three private refinery operators will commence operations in the
state.
Emmanuel said: “Let’s not take things to the extreme. Yesterday
no station was open in the state. I am of the view that if subsidy is
removed, the interplay of market forces will bring down the price to
where it should be.”
Ibe Kachikwu, minister of petroleum, recently said that Nigeria will continue to import fuel beyond 2016.
Nigeria National Petroleum Corporation announced in June, 2015, that
the four refineries – two in Port Harcourt, one in Kaduna and the other
one in Warri would resume production.

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