Minister says ‘Nigerians Needs to be Blissful to Import Petrol from Niger’
Nigeria’s minister of state, petroleum assets, Timipre Sylva, has referred to as on Nigerians to be joyful and proud that Africa’s greatest oil state is about to renew petroleum merchandise importation from neighbouring Niger Republic.
Sylva stated opposite to criticism from some quarters towards the memorandum of understanding signed by Nigeria and Niger, the plan by Nigeria to renew gasoline importation from its West African brother shouldn’t be seen as ‘a humiliation’ however moderately as a way of encouraging intra-regional commerce.
The Niger Republic’s Soraz Refinery in Zinder, which is positioned some 260km from the Nigerian border, has an put in refining capability of 20,000 barrels per day. The transfer by the federal authorities attracted steaming criticisms with many knocking the federal government over its incapacity to maintain the nation’s refineries working.
However reacting on Monday night whereas that includes on Channels Tv’s Politics Right this moment programme monitored by The PUNCH, the minister stated Nigeria is an enormous market that wants extra gasoline merchandise processed in different international locations.
Sylva stated, “I don’t see that as a humiliation in any respect. As a rustic, Nigeria is an enormous market, we want merchandise, even when all our refineries have been functioning, we’ll nonetheless want further merchandise.
“Niger Republic produces oil and they’re landlocked as a rustic.
“They’ve a refinery that produces in extra of what they require as a rustic they usually supplied to promote to us in Nigeria as a result of it is a larger market.
“Within the spirit of regional cooperation, regional commerce improvement, we determined to purchase from them. I don’t see something incorrect with that. In case your neighbour is producing one thing that’s required in your nation and you purchase from him, why is {that a} huge downside?
“So, we agreed with Niger to purchase the surplus of what they don’t require in Niger as a result of it is a huge market.” Nigerians needs to be proud that we’re doing that to encourage sub-regional commerce as a result of we have now been speaking about sub-regional commerce for a very long time, and that is the way it needs to be between neighbours.
Niger ought to import from us what we have now and we should always have the ability to import from Niger they’ve Allow us to encourage intra-regional commerce and that is one good instance of buying and selling inside West Africa,” the Niger Delta born minister stated.
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