The Minister of Petroleum, Dr Ibe Kachikwu made this revelation at Abuja.
He said “We are going to be seeking to attract investments and complete all the MoUs we have in China and India. We are looking to do a roadshow to the UK, we are looking to do a roadshow to the US with President Donald Trump coming in.”
He also assured Nigerians that the Oil refineries would be revamped to produce at 60 per cent capacity.
He said “We need to start the revamping of the refineries. The president has given us marching orders on that. We still remain committed on our goal of 2018 to reduce importation by 60 per cent and 2019, stop the importation of petroleum products substantially.
“Now, we are going to continue to focus on downstream issues. Although we have liberalised, there are still some challenges.
“We are going to see how we work within the liberalisation infrastructure such that we are able to take away the low-hanging difficulties.
“We are also going to focus on the Niger Delta. It’s been too long a lingering issue. We are going to be working with every aspect of the Presidency to try and find solution to this.
“On the other hand, we are going to run at a rocket pace. We have so much to do. First, we are going to firm up our policies, be able to gazette all our oil and gas policies and then pass the PIB,” he stated.