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

LASUTH Cites Destroyed DNA Samples in Pelumi Onifade Inquest as Lawyers Raise Concerns

The Lagos State University Teaching Hospital (LASUTH) has told...

2027: Ex-PDP Candidate Muhammed Ibrahim Explains Defection to SDP

A former Peoples Democratic Party (PDP) candidate in Nasarawa...

Xi, Taiwan Opposition Leader Emphasize Reunification in Beijing Talks

Chinese President Xi Jinping and Taiwanese opposition leader Cheng...

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

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

Delta Partners Energy Firms to Improve Power Supply, Targets Expanded Electricity Access

Delta State Governor Sheriff Oborevwori has reaffirmed plans to...

Tinubu Commissions 60MW Power Plant, Key Roads and Bridge in Bayelsa

President Bola Ahmed Tinubu has inaugurated a 60-megawatt gas-fired...

Northern States Urged to Replicate Kaduna’s Education Reforms

Northern states have been advised to adopt Kaduna State’s...

Group, Health Partners Plan 1,000 Container Clinics to Improve Access in Northern Nigeria

By Gabriel AchaduA regional Christian body, the Northern Christian...

FG Sets Up Committee to Review $200bn Gas, Power and High-Speed Rail Proposal

By Wilfred FrancisThe Federal Government has inaugurated a technical...

NITOUREY to Push Nigeria’s Tourism Sector into Global Arena – Awakan

By Joyce Remi BabayejuThe Director-General of the Nigerian Tourism...

UNILAG Alumni Awards Scholarships to 28 FCT Students

By Joyce Remi- BabayejuThe University of Lagos Alumni Association,...

Hajj 2026; FCT- MPWB Begins Vaccination Exercise

By Joyce Remi- BabayejuThe Federal Capital Territory Muslim Pilgrims...

2027 Polls: PNT Urges Nigerians to Support Tinubu’s Re-election

By Joyce Remi BabayejuA pro-government group, the Progressives Network...

Related Articles

Popular Categories

spot_imgspot_img