The presidency has promised Nigerian’s that in 2019 the country we no longer be sending crude oil to other countries to refine.
Via Twitter, Channels TV quoted Femi Adesina who is the special adviser on media and publicity to president Muhammadu Buhari, as saying, “No more importing & exporting of fuel by 2019”.
This comes at a time federal government has faild to end the ongoing the fuel scarcity currently facing the nation.
Elsewhere, the vice president, Yemi Osinbajo has said the federal government has no plan of increasing the fuel price from its official price of N145.
The vice president said this while speaking with newsmen on Monday after visiting Oando and Total fuel depots in Apapa area.
He also clarified that it is the NNPC and not the federal government that pays for the fuel subsidy that has emerged with the N171 landing cost as against the official retail price of N145.
“NNPC is trading in fuel; the Federal Government is not, at the moment, paying for any subsidy. NNPC is trading. If you are buying and selling fuel, you would have to be able to pay for it. So, it’s not a question of government provision for subsidy, the Federal Government, at the moment, isn’t paying any subsidy. And don’t forget that the way that the NNPC trades is that, in many cases, NNPC is actually giving fuel; there is 445,000 barrels of fuel. So really what you are seeing, in many cases, is more or less an exchange for PMS. So at the moment NNPC is paying the cost,” the vice president said.
On rumours about a possible increase in the price of fuel. Vice President said: “We are certainly not expecting to increase oil prices at all; the government has absolutely no intention of increasing fuel prices and that’s it.”