Nigerians 'll Enjoy Reduction In Fuel Price When Dangote Refinery Starts Operation –Lai Retorts

Published On: September 27, 2020, 9:30 pm (4 weeks ago)
Author: Olusanya Akinrinola
-- (m) at 27-09-2020 09:30 PM

(7400 | Gistmaniac)


The Minister of Information and Culture, Lai Mohammed, says the price of petroleum products in Nigeria will reduce when Aliko Dangote’s refinery and other modular refineries come on stream.
Mohammed hinted that the first modular refinery with the capacity to refine 5,000 barrels of petroleum products daily would be inaugurated in October in Imo State.
He said this on Sunday in an interview aired in Yoruba language on radio.
Mohammed said the President Muhammadu Buhari led administration is performing well in spite of the dwindling revenues.
He reiterated that government policies were in the best interest of the nation.
Mohammed explained that the federal government spent N10.4 trillion on fuel subsidy from 2006 to 2019.

According to him, subsidy can no longer be sustained under the prevailing economic conditions.
“Revenues and foreign exchange earnings by the government have fallen by almost 60 per cent due to the downturn in the fortunes of the oil sector. There is no provision for subsidy in the revised 2020 budget. So where will the subsidy money come from?” NAN quoted him as saying



-- maizaxx Online (m) at 27-09-2020 10:22 PM
(1162 | Gistmaniac)

I'm sorry for asking this question; why is the Federal govt hinging on Dangote refinery?
Are we saying our refineries are dead and buried?
Please I expect the Buhsri administration to think twice, because this doesn't speak well about the administration
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-- KOSHIMANA (m) at 27-09-2020 11:08 PM
(165 | Upcoming)

I swear dis man is mad.wait are u saying with our resources na Dangote refinery a country of about 200million is waiting for?
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-- Lisabi (m) at 28-09-2020 12:29 AM
(756 | Upcoming)

Liar mohammed see your life and your failed government. Fiance minister said Dangote will be selling our oil at international price. That means Dangote refinery is not for Nigeria and Nigerians. Oduduwa REPUBLIC we stand
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-- Lisabi (m) at 28-09-2020 12:29 AM
(756 | Upcoming)

Liar mohammed see your life and your failed government. Fiance minister said Dangote will be selling our oil at international price. That means Dangote refinery is not for Nigeria and Nigerians. Oduduwa REPUBLIC we stand
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-- abcdqwer (m) at 28-09-2020 01:25 AM
(428 | Upcoming)

What a shame, a country relying on individual to build a refinery, such would not happen anywhere. It should belong to the federal government.
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-- Wazubia (m) at 28-09-2020 04:14 AM
(6496 | Gistmaniac)

LIAR LIAR MUHAMMAD ON IT AGAIN.  Roll Eyes Roll Eyes Roll Eyes
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-- DrSoba (m) at 28-09-2020 05:26 AM
(5161 | Gistmaniac)

The parent choose the right name for their man. Sometimes, I wonder if he listen to himself while talking.
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