The Federal Government has disclosed that plans have been concluded to resuscitate all the refineries in the country and return them to a fully functional condition by 2019.
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, made this know on Wednesday shortly after the Federal Executive Council (FEC) meeting in Abuja, presided over by the Vice President Yemi Osinbajo.
Kachikwu 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.
He also told State House correspondents that the Federal Government has no plans to increase the price of Premium Motor Spirit (PMS), also known as petrol.
The minister 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.
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.
Meanwhile, the Minister of Niger Delta Affairs, Usani Usani, has said that the much-talked about East-West Road in the Niger Delta was designed to fail.
Usani spoke with State House correspondents at the end of FEC meeting, saying however, that the present administration would correct the situation.
The minister also disclosed that the council approved N16billion for the construction of the headquarters of the Niger Delta Development Commission (NDDC). He said that the building, which is sited in Port Harcourt, Rivers State, would be completed within 52 weeks.