Skip to main content

Nigeria will stop importing and exporting fuel by 2019- Femi Adesina


The Special Adviser to the President of Nigeria on Media and Publicity, Femi Adesina  has said that the country will stop importation and exportation of petroleum products by the year 2019.

He said that importation and exportation of fuel has a high effect on the lingering fuel crisis because the country does not produce the product locally and the refineries do not work, which makes room for little hitches in the inflow.

“When you import fuel and do not produce fuel locally or the refineries do not work once in a while fuel scarcity should be expected, as long as you have those variables not under your total control you can’t rule that out.

Mr Adesina made this known while speaking as a guest on Channels Television’s Sunrise Daily, where he explained that the Minister of State For Petroleum Resources, Dr Ibe Kachukwu, has drawn a timetable leading to 2019, noting that part of the plan is that Nigeria will stop importing but exporting.

Concerning the unemployment rate in the country which the National Bureau of Statics recently released a data saying that unemployment has increased in the 3rd quarter of 2017, Mr Adesina said that there is an increase agricultural sector especially rice farming, mining and solid minerals.

He further explained that shortly after the Buhari-led administration came into power the country entered into recession and oil prices went down but within a year the country came out of recession, he added that as the economy starts to settle gradually jobs that were lost will be gained back.

Comments

Post a Comment

Popular posts from this blog

Dont go for second term-Obasanjo tells Buhari

The former President of Nigeria Dr Olusegun Obasanjo has yesterday advised President Muhammadu Buhari not to run for a second term. He accused the President of nepotism, having a poor understanding of politics and engaging in blame games rather than accepting responsibility for his failure. Obasanjo said he worked against his former party, the Peoples Democratic Party (PDP), to help the All Progressives Congress (APC) and Buhari win the last presidential election. But, the situation that made Nigerians to vote, massively for Buhari, he said, is playing itself out again. The former President, who recently bagged a doctorate degree in Christian Theology from the National Open University (NOUN), issued a “Special Press Statement”, titled: The way out: A clarion call for Coalition for Nigeria MovemeNigeriaich he gave the media in Abeokuta, the Ogun State capital. Obasanjo said: “The lice of poor performance in government – poverty, insecurity, poor economic mana...
Post a Comment
Read more

Amaechi Reveals what He does with His salary as a Minister

The Minister of Transport, Rotimi Amaechi, has revealed how much he earns monthly under Buhari’s administration. Amaechi speaking at the presentation of a book titled, ‘Dignity in Service,’ authored by the late Dr. Matthew Mbu, a former Minister of Foreign Affairs said he earns “only N950,000” a month, out of which he also pays his aides. While extolling the virtues of the late Mbu, Amaechi promised to promote transparency. He said, “A minister earns only N950, 000 a month. Out of this money, N350, 000 is for accommodation, so there is no more money given to you. The remaining N600, 000 includes payment for your staff, personal assistants and all that. “Nigerians like going to parties. That is one benefit of this government. We now assess our wealth and value money. Before, once you get money from the illegal means, we hold parties. There are very few parties these days because there is no more money to hold such parties. “There are no ‘owambe’ anymore b...
Post a Comment
Read more