The government of Muhammadu Buhari has made public its plans to reduce the price of fuel to N100 per litre.
Ita Enang, the President’s Senior Special Assistant on Niger Delta Affairs, has revealed that the federal government intends to reduce the price of gasoline to N100 per litre.
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According to Enang, the federal government has also decided to hold a national conference on integrating artisanal/modular petroleum refinery operations in order to increase product capacity and lower petroleum product prices.
Ita Enang, the President’s Senior Special Assistant on Niger Delta Affairs, announced this at a press conference in Abuja on Tuesday.
The conference will be held on March 16 and 17 by the Presidency in collaboration with the Federal Ministry of Finance, Budget, and National Planning.
Mr. Enang stated that the summit’s outcome would aid in the country’s petroleum product prices collapsing. The conference, he claims, will mobilise all Nigerian assets, including technologists, engineers, and other relevant disciplines, such as those who produce petroleum products at the creeks.
“As the price of crude rises, the price of refined petroleum products rises as well, but the cost of refining these petroleum products in Nigeria will be very low.
The goal of the conference is to mobilise these resources so that refined petroleum products can be sold for less than N100 per litre.”
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