x

Importing petrol from Niger Republic will boost country’s poor economy, says Timipre Sylva

Timipre Sylva, Nigeria’s Minister of State for Petroleum Resources, has asked citizens to be proud of the country for the importation of refined petrol from neighbouring Niger Republic.

Niger is one of the poorest nations in the world but has succeeded in developing its refinery to produce at a greater capacity than its very rich neighbour, Nigeria.

The decision to import petroleum products from Niger, which was announced last week Thursday, angered Nigerians, who described it as an act of retrogression for the country.

Sylva said, “I don’t see that as an embarrassment at all. As a country, Nigeria is a big market, we need products, even if all our refineries were functioning, we will still need extra products.

“Niger Republic produces oil and they are landlocked as a country. They have a refinery that produces in excess of what they require as a country and they offered to sell to us in Nigeria because this is a bigger market.

“In the spirit of regional cooperation, regional trade development, we decided to buy from them. I don’t see anything wrong with that. If your neighbour is producing something that is required in your country and you buy from him, why is that a big problem?

“So, we agreed with Niger to buy the excess of what they don’t require in Niger because this is a big market.

“Nigerians should be proud that we are doing that to encourage sub-regional trade because we have been talking about sub-regional trade for a long time and this is how it should be between neighbouring countries.

“Niger should import from us what they have and we should be able to import from Niger what they have. Let us encourage intra-regional

RELATED POSTS:

COVID-19 vaccine discovery, remote cause of petrol price increase – Sylva

Buni reconciles Ameachi, Sylva

COVID-19: FG to begin cost contaiment in oil/gas industry- Sylva

Hot this week

FHQ Dominates 15th BIPOGA Swimming Competition With 15 Gold Medals

By Anne AzukaThe Police Force Headquarters (FHQ) dominated the...

Umahi Inspects Lekki Port Access Road, Directs Accelerated Work

The Minister of Works, Senator David Umahi, has carried...

APC Praises Kogi Governor Ododo’s Performance, Receives ₦100m Support for Tinubu

The All Progressives Congress (APC) has commended Kogi State...

Tinubu: N98bn Disbursed to Strengthen Primary Healthcare Centres Nationwide

By Francis WilfredPresident Bola Ahmed Tinubu says more...

CBN RATE CUT OF 26.5: VOICES, UPSETS AND PROSPECTS

Adefolarin A. OlamilekanArguably, the latest 26.5% Central Bank of...

COCSON Defends Umahi, Urges Due Process in Sowore Confrontation

The Coalition of Civil Society Organisations in Nigeria (COCSON)...

Senate Rejects Opposition Call to Amend Electoral Act 2026

The Senate has dismissed calls by opposition leaders for...

AFAN Hosts EU, AU Delegation in Abuja to Discuss Mycotoxin Risks

The All Farmers Association of Nigeria (AFAN) has hosted...

Bayelsa Deputy Governor Peter Akpe Promises Humble, People-Focused Leadership

Newly sworn-in Deputy Governor of Bayelsa State, Pastor Peter...

Nigeria’s First Lady, Oluremi Tinubu, A Blessing To Nigerians – Oborevwori

By Anne Azuka Delta State Governor, Rt. Hon. Sheriff Oborevwori...

Gov Mutfwang Visits Attacked Communities in Barkin Ladi LGA of Plateau

By Israel Adamu, JosGovernor of , Barr. , has...

Related Articles

Popular Categories

spot_imgspot_img