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

Wike Fires FCT-IRS Acting Chairman

By Joyce Remi-BabayejuThe Minister of the Federal Capital Territory...

NEMA DG Clinches Award in Emergency Response, Humanitarian Services

By Joyce Remi-BabayejuThe Director General of the National Emergency...

Security Agencies Uncover Plot to Stage Protest Against President Tinubu, NSA Ribadu

Nigeria’s security agencies have reportedly uncovered a plan by...

Eight University of Jos Students Killed in Road Crash in Plateau State

By Israel Adamu, JosEight students of the University of...

Nigeria, UN OCHA Strengthen Partnership to Boost Local Humanitarian Leadership

By Israel Adamu, JosNigeria and the United Nations Office...

Ona Abaji Hail Tinubu- Wike’s FCT Developmental Feat

By Joyce Remi-BabayejuThe Ona of Abaji, Dr. Baba Yunusa...

NYSC Members Urged to Be Good Ambassadors at Delta State Batch ‘C’ Closing Ceremony

By Anne AzukaMembers of the National Youth Service Corps...

International Human Rights Day 2025: Renewing the Call to Protect Human Dignity

By Debo AdeniranOn this year’s International Human Rights Day,...

Niger Delta Youths Win Multi-Million-Naira Grants at 5th MSME Summit in Yenagoa

Ten young entrepreneurs from across the Niger Delta have...

Related Articles

Popular Categories

spot_imgspot_img