Buhari plans to reduce fuel price below N100 per litre
Buhari unveils his plans to reduce the fuel price below N100 per litre; this decision is in the best interest of all Nigerians.
The federal government has revealed plans to crash the price of refined petroleum products below N100 per liter; this will indeed be a significant improvement if materialized.
The Senior Special Assistant to the President on Niger Delta Affairs, Ita Enang, explained that the price of petroleum products would crash when Nigeria refines the products locally.
While speaking at a press conference held in Abuja, The senior special adviser said the presidency is working with the Federal Ministry of Finance, Budget, and National Planning.
They have summarized the plans to hold a national conference on fusing artisanal/adaptable petroleum refinery operations targeted at improving the quality of the products and bringing down the prices of crude oil products.
Enang also explained that the conference would work to combine local refining capacity into refining petroleum products.
“As the cost of crude increases regularly, the price of refined petroleum products increases as well, but if we choose to refine the petroleum products we have available in Nigeria, the cost will reduce drastically.”
“The conference intends to mobilize these resources so that we can reduce the prices of refined petroleum products down to less than N100 per litre.”
The process of refining our locally made petroleum products would be no easy task but with the support of the presidency, this is something that can be achieved.
Nigeria has been blessed with so many natural resources that ought to be utilized and this will be a major breakthrough for the country. The decision to harness our own products and make them more refined will also open doors for foreign investors and will increase our influence on a global standard.
The presidency has pledged its full support to the cause and is working hand in hand with the Federal Ministry of Finance, Budget, and National planning to ensure that there are enough funds to invest in this project.
In the coming days, we hope to see the fruit of this decision because it will be of huge benefit to Nigerians.
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