Tuesday, December 26, 2017

Femi Adeshina Claims Nigeria Will Stop Importation Of Fuel By 2019

Special Adviser to the President on Media and Publicity, Mr Femi Adeshina has disclosed that the country will stop importing and exporting petroleum products come 2019.

This is coming in the wake of the current fuel scarcity in the country. According to Mr Adeshina, the importation and exportation of fuel has a high effect on the lingering fuel crisis due to the fact that the product is not produced in the country and the poor state of the refineries.

“When you import fuel and do not produce fuel locally or the refineries do not work once in a while fuel scarcity should be expected, as long as you have those variables not under your total control you can’t rule that out.

Speaking on the popular morning show on Channels TV, Sunrise Daily, Adeshina explained that the Minister of State For Petroleum Resources, Dr Ibe Kachukwu, has drawn a timetable for 2019 and that part of the plan is to stop importation and concentrate on exportation.

He also commented on the current unemployment statistics recently released by the Bureau of Statistics saying that unemployment increased in the 3rd quarter of 2017. He further explained that shortly after the Buhari-led administration came into power, the country went into recession with oil prices on the rise but within a year, the country came out of recession and as the economy starts to settle, jobs will be regained.