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

TCN, NISO Celebrate Workers’ Day with Novelty Football Match

By Jabiru HassanIn commemoration of Workers’ Day, the National...

Rights Group to sue Police over alleged land grabbing in Akwa Ibom

By Ogenyi Ogenyi, UyoHuman Rights lawyer and Chairman, Akwa...

Former Commissioner Yargwa Declares for Wamba Assembly Seat Under ADC

From Abel Zwanke, LafiaA former commissioner in Nasarawa State,...

Nigeria Seeks Protection for Citizens After Two Killed in South Africa

The Federal Government has called for the protection of...

ECWA Urges Members to Participate in 2027 Elections, Raises Concerns Over Insecurity and Roads

By Israel Adamu, JosThe Evangelical Church Winning All (ECWA)...

Diri Approves 108 Houses For Bayelsa Civil Servants

Governor Douye Diri of Bayelsa State has approved the...

Workers’ Day: Ododo Reaffirms Commitment to Workers’ Welfare as Labour Submits Fresh Demands

From Noah Ocheni, LokojaGovernor has reaffirmed his administration’s commitment...

Otuan Backs Dr. Tokpo for Bayelsa Assembly Seat

Leaders of the Otuan Federated Communities in Southern Ijaw...

Kaduna Gov Praises Tinubu for Approving Over N1trn Contracts to Transform State

By Achadu Gabriel, KadunaKaduna State Governor, , has commended...

Rights Group to sue Police over alleged land grabbing in Akwa Ibom

By Ogenyi Ogenyi, UyoHuman Rights lawyer and Chairman, Akwa...

Falgore Describes Workers as the Engine Room for Positive Change

By Jabiru HassanThe Speaker of the Kano State House...

IHR Sets Up 2026 Hajj Media Monitoring Team

By Jabiru HassanIndependent Hajj Reporters (IHR), a faith-based civil...

A’Ibom Unveils Equipment Leasing Hub to Drive Mechanised Agriculture

By Ogenyi Ogenyi, UyoGovernor Umo Eno of Akwa Ibom...

Related Articles

Popular Categories

spot_imgspot_img