NewsNigerians Slam Sylva, FG, Over Comments "Nigerians Should Be...

Nigerians Slam Sylva, FG, Over Comments “Nigerians Should Be Proud Nigeria Is Importing Petrol From Niger Republic” |The Source

spot_img

By Akinwale Kasali

Access Bank Advert

Nigerians are, at once, angry and disappointment over the statement credited to Minister For Petroleum, Timipriye Sylva, urging Nigerians to be proud that the nation is importing Petrol from West African neighbour, Niger Republic.

Niger Republic is rated by the United Nations as 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 neighbor, Nigeria.

UBA

The Federal Government, through the Ministry of Petroleum Resources, last week, signed a Memorandum of Understanding with the Government  of Niger Republic, for the importation.

The decision to import petrol from Niger Republic angered many Nigerians, who described it as an act of retrogression for the country.

READ ALSO:  BREAKING: EFCC Arrests Okowa In PH, Detains Him

Responding to the backlash, Sylva, in an interview with Channels TV on Monday, November 23, 2020, said there was nothing to be embarrassed of, at all.

“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?

READ ALSO:  Lagos/Calabar Coastal Highway: FG To Pay Property Owners N18bn In 10 Days

“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 Republic should import from us what they have and we should be able to import from Niger what they have. Let us encourage intra-regional” he said.

Share your story or advertise with us: WhatsApp: +2348174884527, Email: [email protected]

Your Comment Here

More articles

Discover more from The Source

Subscribe now to keep reading and get access to the full archive.

Continue reading