“They were basically updating him, asking for areas where they need some assistance from government officials to sort of fast-track the process. It was normal upstream meeting.”
On the issue of cash call, the minister said it was discussed “only to the extent that a few completion items on NNPC, largely the opening up of the escrow accounts and that type of stuff which they need to fasten up on.
“But we are far gone on that, instalmental payments are already going on. I think NNPC is undertaking by October or early next month to complete that whole process. So, it is going on very well,” Kacikwu said.
Asked if the pump price of petrol can be slashed before Christmas in view of improvement of revenue from teased oil sales, he replied: “I will like the GMD who does the commercial aspect to comment on that. I will need his position before I can even comment on that.”
Baru did not speak to the press after the meeting but went straight to the office of the Chief of Staff to the President, Abba Kyari, before leaving the Presidential Villa.
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