Nigeria at 60: Buhari announces new price for petrol, gives reasons

President Muhammadu Buhari has introduced a brand new value for the pump value of petrol within the nation.

Buhari stated gas will now be offered at N161 per liter in Nigeria, noting that different nations reminiscent of Ghana, Niger, Chad Saudi Arabia and different oil-producing nations promote petrol on a better costs than Nigeria.

He lambasted the previuos governments from 1999 to 2015 for criticising his administration once they allegedly presided over the near-destruction of the nation.

Buhari, in his nationwide broadcast to mark the Independence Day celebration, stated no authorities previously did what his administration is doing with such scarce sources.

Buhari stated his authorities has managed to maintain issues going regardless of the disproportionate spending on safety.

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He stated that the previous administrations lack the effrontry to criticise the present administration as a result of they’d the chance to develop and take the nation to a larger top.

“These within the earlier Governments from 1999 – 2015 who presided over the close to destruction of the nation have now the impudence to aim to criticize our efforts,” he stated.

Buhari stated that within the circumstances, a accountable authorities should face realities and take robust choices.

“Petroleum costs in Nigeria are to be adjusted. We promote now at N161 per litre. A comparability with our neighbours will illustrate the purpose;

“Chad which is an oil producing nation prices N362 per litre

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“Niger, additionally an oil producing nation sells 1 litre at N346.

“In Ghana, one other oil producing nation, petroleum pump value is N326 per litre.

“Additional afield, Egypt prices N211 per litre. Saudi Arabia prices N168 per litre. It is mindless for oil to be cheaper in Nigeria than in Saudi Arabia,” he stated.

Buhari famous that for the nation to develop and obtain nice issues Nigerians must solidify their power, enhance their dedication and encourage themselves to do this which is true.

Recall that the Nigerian authorities by way of the Petroleum Merchandise Advertising Firm (PPMC) had introduced a brand new ex-depot value of N151.56 for petrol.

 

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