In News by Oluwaseun Samuel on the 01st, October, 2020

“It Makes No Sense For Oil To Be Cheaper In Nigeria Than Saudi Arabia”- President Buhari

"It Makes No Sense For Oil To Be Cheaper In Nigeria Than Saudi Arabia"- President Buhari


President Muhammadu Buhari

President Muhammadu Buhari has said that it is unnecessary for Nigeria to promote petroleum merchandise at costs decrease than these offered in neighbouring international locations, sighting Saudi Arabia for example.

Buhari made this identified on Thursday morning whereas delivering a speech on the event of Nigeria’s 60th Independence Anniversary at Aso Villa, Abuja.

He Stated;

“Petroleum costs in Nigeria are to be adjusted. We promote now at N161 per litre. A comparability with our neighbours will illustrate the purpose.

“Chad, which is an oil-producing nation, fees N362 per litre. Niger, additionally an oil-producing nation, sells oil at N346 per litre. Ghana, one other oil-producing nation, petroleum pump value is N326 per litre. Additional afield, Egypt fees N211 per litre. Saudi Arabia fees N168 per litre.

“It is unnecessary for oil to be cheaper in Nigeria than in Saudi Arabia.”

See the total speech under;

“Fellow Nigerians,

​I converse to you immediately as your President and fellow citizen on this epoch event of our nation’s 60th independence Anniversary.

As President, I want to renew my appreciation to Nigerians for entrusting me together with your hopes and aspirations for a greater and higher Nigeria.

As we speak, it’s my distinctive privilege to re-commit myself to the service of this nice nation of nice folks with profound diversities and alternatives. We’re sure by future to be the biggest and biggest black nation on earth.

At this stage in our nationhood it will be important that we replicate how we acquired right here to allow us work TOGETHER to get to the place we aspire to be as a robust indivisible nation, united in hope and equal in alternative.

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On October 1st 1960 when Prime Minister Alhaji Abubakar Tafawa Balewa obtained the constitutional devices symbolizing Nigeria’s independence, he expressed his want that …

… having acquired our rightful standing as an impartial sovereign nation, historical past would file that the constructing of our nation proceeded on the wisest tempo.

This optimism was anchored on the peaceable planning, full and open session and harmonious cooperation with the totally different teams which culminated in Nigeria rising as a rustic with out bitterness and bloodshed.

Our founding fathers understood the crucial of structuring a Nationwide id utilizing the facility of the state and labored in the direction of unification of Nigerians in a politically steady and viable entity.

That philosophy guided the muse that was laid for our younger nation of 45 million folks with an city inhabitants of roughly 7million occupying an space of 910,768 sq. km. These demographics led to growth challenges for which main efforts had been made to beat.

As we speak, we grapple with a number of challenges with a inhabitants exceeding 200million occupying the identical land mass however 52% residing in city areas.

Sixty years of nationhood offers a possibility to ask ourselves questions on the extent to which we’ve sustained the aspirations of our founding fathers. The place did we do the fitting issues?Are we heading in the right direction? If not the place did we stray and the way can we treatment and retrace our steps?

Upon attaining independence, Nigeria’s development trajectory was anchored on insurance policies and programmes that positively impacted on all sectors of the economic system. Nevertheless, this journey was reduce quick by the 30-months of civil conflict.

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We got here out of the civil conflict with a deal with reconstruction, rehabilitation and reconciliation that enabled the nation to place in place world class growth buildings and a strengthened public service that properly served the federal government.

This optimistic trajectory continued with a return to democratic authorities which was truncated by one other spherical of army rule.

For a cumulative 29 of our 60 years existence as a nation, we’ve been beneath army rule. My abstract of our journey as far as a nation is important to appropriately chart the place we have to go and the right way to get there TOGETHER.

As we speak, I’m conscious that our economic system together with each single economic system on the earth is in disaster. We nonetheless face safety challenges in elements of the nation, whereas our society suffers from a excessive lack of ethical rectitude which is pushed by unbridled longing for political management.

An underlying reason for many of the issues we’ve confronted as a nation is our constant harping on artificially contrived fault-lines that we’ve harboured and allowed unnecessarily to fester.

As well as, establishments similar to civil service, police, the judiciary, the army all suffered from a basic decline.

We have to start a honest means of nationwide therapeutic and this anniversary presents a real alternative to get rid of previous and outworn perceptions which are all the time put to check within the lie they all the time are.

The stereotype of considering of ourselves as coming from one a part of the nation earlier than seeing ourselves as Nigerians is a key place to begin to challenge us on the highway to our deserved nation’s evolution and integration.

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To begin this therapeutic course of, we’re already blessed with crucial asset any nation requires for such – OUR PEOPLE – and this has manifested globally within the exploits of Nigerians in lots of fields.

It has been demonstrated time and time once more that Nigerians within the diaspora ceaselessly excel in science, know-how, medication, sports activities, arts and plenty of different fields.

Equally, the creativity, ingenuity and resourcefulness of the Nigerian at dwelling has resulted in globally acknowledged endeavours.

I’m satisfied that if we pursue our aspirations TOGETHER we’d be capable to obtain no matter we need. That knowledgeable our adopting the theme TOGETHER to mark this epochal occasion.

Collectively we are able to change our situation for the higher and extra importantly collectively we are able to do far more for ourselves and for our nation.

I selected the trail of self-reflection as a result of that is what I do each day and I need to confess that at most occasions, I all the time felt the necessity for a collective reflection as I do know that the muse for a stable future which this administration is laying…”

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