FUEL PRICE: See why Cameroon Shut Down their Refinery

Kaduna State governor Nasir el-Rufai has claimed Cameroon closed down its refinery due to the cheap fuel they are getting from Nigeria.

The governor who stated this while speaking at the World Bank Nigeria Development Update launching (NDU) on Tuesday.

He noted that Nigeria is at loss of N250 billion monthly on subsidy payment and it is not beneficial to Nigeria, but neighbouring countries.

According to El-Rufai: “The fuel that matters to Nigerian is kerosene, it has been deregulated and the world has not collapsed. The fuel that is important to industry and transporters is diesel and it has been deregulated and the world has not collapsed. The fuel that is important to industry and transporters is diesel and it has been deregulated — nothing has happened,”

“So this hullabaloo about petrol is just something we must as a country have a conversation and agreed that it has to end, we can not continue to provide petroleum gasoline to our neighbouring country, which is what we are doing.”

He added: “This month, the NNPC brought only N14 billion to the federation account. In the budget, they are meant to bring in N120 billion monthly, but they brought 14 billion with the threat that they will ask the federation account to give them a cheque to cover subsidy.”

“Who is befitting for the subsidising other than the smugglers, neighbouring Africa countries, and some rich people?”

“We should stop politicising these things that will bring Nigeria to its knees”.

 

Credit: Daily Report Big.

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David Eneh

David is a prolific writer and a tested reporter

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