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Ibe Kachikwu
7 quotes
“Let’s start with the core responsibilities of the ministry, which is to give policy direction. We have been able to bring onboard the Nigeria Gas Policy, which looks at all the parameters for gas development. We also have the Petroleum Policy. We are trying to create a structure that will be more transparent, private sector-driven and infrastructure-driven. We developed the Nigerian fiscal policy for the petroleum industry, which didn’t go through.”
Ibe Kachikwu (born 1956) wikiquote, CC BY-SA 4.0 source
“We are building a business track that will be sustainable, predictable and long lasting and something that future leaders can take on board and use as a planning guide on how to grow the business”
Ibe Kachikwu (born 1956) wikiquote, CC BY-SA 4.0 source
“You need approval for these policies. It has to go through FEC or the National Assembly. If you do not get those approvals, then the policies will not work. So, the minister sometimes is also very constrained. Everybody thinks you can do what you want. Most of what you do needs to be approved.”
Ibe Kachikwu (born 1956) wikiquote, CC BY-SA 4.0 source
“Even the operations of NNPC are all part of that. My philosophy for example as GMD was that I was a lot more bullish in terms of private sector reach. Let’s take a look at fuel supply for example. We have gone through the fuel supply issues and we say by all means we need to provide as much subsidy to our people because things are very difficult”
Ibe Kachikwu (born 1956) wikiquote, CC BY-SA 4.0 source
“There are fundamental issues that require some very bold position. We need to work with all stakeholders to find a midway that enables the downstream sector to thrive and drive investment to the sector.”
Ibe Kachikwu (born 1956) wikiquote, CC BY-SA 4.0 source
“He resisted very much because of his populist position. Eventually, he said, ‘Okay, you know what? I’ll leave you to take the risk. If it works, fine. If it doesn’t work, I fire you.”
Ibe Kachikwu (born 1956) wikiquote, CC BY-SA 4.0 source
“That singular price adjustment removed the subsidy. Within 48 hours, every queue in the country disappeared. It never happened again until I left office.”
Ibe Kachikwu (born 1956) wikiquote, CC BY-SA 4.0 source