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

China, Pakistan Unveil Five-Point Initiative for Peace in Gulf and Middle East

China, Pakistan Unveil Five-Point Initiative for Peace in Gulf...

Youth Group Calls for Nationwide Protests, Urges Action on Political, Economic Challenges

The National Youth Alliance (NYA) has called for nationwide...

Easter: Orelope-Adefulire Urges Renewed Commitment to Sustainable Development

The Senior Special Assistant to the President on Sustainable...

Kogi Orders Evacuation of Students from University of Jos Over Security Concerns

Governor Ahmed Usman Ododo has directed the evacuation of...

A’ibom: Ibeno Clan lampoons EPU Over “Political Tyranny”, Others

By Ogenyi Ogenyi,UyoThe Ibeno Clan Council, in Akwa Ibom,...

Pate Okays Nigeria-China Surveillance, Data, Preparedness, Disease Response Collaboration

By Joyce Remi BabayejuThe Coordinating Minister of Health and...

CS-SUNN Calls for Increased CNF to Tackle Child, Maternal Malnutrition in FCT

…As Stakeholders Warn of Poor Nutrition CultureBy Joyce Remi...

CWAI Commends Federal Fire Service CG Olumode for Strategic Direction, Institutional Reforms

The Citizens Watch Advocacy Initiative (CWAI) has praised the...

Leeds ‘Greedy for More’ as Wembley Semi-Final Beckons

Leeds United are daring to dream of FA Cup...

Lijnders Hints at Exit for Bernardo Silva from Manchester City

Pep Lijnders, assistant manager of Manchester City, has suggested...

Psychologists Say Calm People Use These 10 Phrases to Defuse Conflict

I used to shut down during arguments—not in a...

‘I Wasn’t Happy’ – Patience Ozokwor Opens Up on Being Forced Into Early Marriage

Veteran Nollywood actress, Patience Ozokwor, popularly known as Mama...

‘I’m Now Doubtful About Joining Politics’ – Davido

Nigerian music star, Davido, has expressed growing doubts about...

Related Articles

Popular Categories

spot_imgspot_img