Tuesday, 14 April 2015

Buhari Will Reduce Petrol Price to N40 Per Litre - Prof. David West


Can they all allow the General to speak for him? Former Minister of Petroleum and Energy, Prof. Tamunoemi David-West is positing that Nigerians should expect sharp drop in petrol price from the current N87 to N40 per litre; 
“The president-elect, Gen. Muhammadu Buhari, will reduce the fuel pump price to N40 per litre.”
 In a telephone interview with Vanguard, the former minister argued that Nigeria produces millions of barrels of crude oil daily, and if properly harnessed will boost the performance of the industry; 
“I want to assure you that by the time he takes over, petrol will be dispensed at N40 per litre. This is possible and he has the credibility to make it work.
He noted that the president-elect is familiar with the petroleum industry, adding that he is a straight forward person that has respect for democratic principles.
“As military head of state, he dealt with the Federal Executive Council with the tenets of democracy. Buhari will build new refineries to make petroleum products available for the masses. No responsible government will allow the masses to suffer.

He will strengthen the refineries within a year. It is possible as we won’t spend any amount in setting up a green field refinery. We already have a blueprint as we shall use what we have to get what we want,” he added. He further stated that on many occasions, the president – elect had disclosed that the subsidy initiative is a fraud which has distorted the progress expected in the sector.

I honestly do not what to say; It would have been lovely if this is coming from the General. Lets keep our fingers crossed.

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