Monday, November 23, 2020

Nigerians Should Be Proud We're Importing Fuel From Niger Republic - Minister of State Petroleum and Resources

The Minister of State for Petroleum Resources, Timpire Sylva has said that it is not an embarrassment to import fuel from Niger Republic.

He made this statement known on Channels television while reacting to criticisms from certain section of the public over the decision.

According to him, Nigeria is a big market that would always consume more and as such, it helps to promote sub-regional trade.

In his words as gathered by The Punch, “I don’t see that as an embarrassment at all. As a country, Nigeria is a big market, we need products, even if all our refineries were functioning, we will still need extra products.

"Niger Republic produces oil and they are landlocked as a country. They have a refinery that produces in excess of what they require as a country and they offered to sell to us in Nigeria because this is a bigger market.

“In the spirit of regional cooperation, regional trade development, we decided to buy from them. I don’t see anything wrong with that. If your neighbour is producing something that is required in your country and you buy from him, why is that a big problem?

"So, we agreed with Niger to buy the excess of what they don’t require in Niger because this is a big market.”

“Nigerians should be proud that we are doing that to encourage sub-regional trade because we have been talking about sub-regional trade for a long time and this is how it should be between neighbouring countries. Niger should import from us what we have and we should be able to import from Niger what they have. Let us encourage intra-regional trade and this is one good example of trading within West Africa,” he concluded.


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