- Nigerians are to prepare for an adjustment of petroleum prices
- This as President Muhammadu Buhari has stated that the adjustment is inevitable
- During his Independence Day speech, the president noted that it makes no sense that other oil-producing countries are selling at higher prices
- The Nigerian leader was directing this remark to labour unions that have opposed his position on petrol price hike
As part of his Independence Day speech on Thursday, October 1, President Muhammadu Buhari hinted on the possible adjustment of the prices of petroleum product in Nigeria.
Directing this point to Nigerians and labour unions that has challenged the recent hike in the price of petrol, President Buhari said that this is a critical decision his administration had to take in the face of a dwindling economy.
He noted that what is expected of a responsible government at such a trying time is to make critical adjustments and sacrifice for the good of the people.
The Nigerian leader stated:
“In the circumstances, a responsible government must face realities and take tough decisions.
“Petroleum prices in Nigeria are to be adjusted. We sell now at N161 per litre. A comparison with our neighbours will illustrate the point."
The president boasted that past administration failed to accomplished what his government has achieved even with fewer resources.
Buhari noted that it is painful to see past leaders criticising his massive and laudable efforts since he came into office.
“No government in the past did what we are doing with such scarce resources. We have managed to keep things going in spite of the disproportionate spending on security.
Meanwhile, the Queen of England has sent a message of felicitation to President Buhari on the occasion of Nigeria’s 60th independence anniversary on Thursday, October 1, 2020.
The message, conveyed by the British High Commission in Nigeria was contained in a statement by a presidential aide, Femi Adesina.
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