The Federal Government has revealed plans to resuscitate refineries in the country and return them to a fully functional condition by 2019.
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said this on Wednesday in Abuja shortly after the Federal Executive Meeting.
He said that apart from giving the kiss of life to the plants, the government also targets three refineries for starters to produce at least 450 barrels per day.
The minister also told State House correspondents that the Federal Government has no plans to reduce the price of Premium Motor Spirit (PMS), also known as petrol.
Kachikwu briefed reporters alongside the Minister of Niger Delta Affairs, Uguru Usani; Minister of Transportation, Chibuike Amaechi; and the Senior Special Assistant to the President on Media and Publicity, Garba Shehu.
Vice President Yemi Osinbajo presided over the FEC meeting, which held inside the Council Chamber of the Presidential Villa, in the absence of President Muhammadu Buhari who is attending a summit in France.
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