Good news as FG unveils plan to reduce fuel price below N100 per litre

Good news as FG unveils plan to reduce fuel price below N100 per litre

- The Nigerian government is aiming to bring down the price of fuel below N100 per litre

- Ita Enang, President Buhari's senior special assistant on Niger Delta Affairs, said this during a press conference on Tuesday, March 9

- The possible fuel price reduction and other key issues will be the focus of a national conference scheduled to hold soon

PAY ATTENTION: Join Telegram channel! Never miss important updates!

The federal government says plans have been concluded to host a national conference on the integration of artisanal/modular petroleum refinery operations.

This was disclosed by Ita Enang, the senior special assistant to the president on Niger Delta Affairs, during a press conference on Tuesday, March 9, in Abuja, The Cable reported.

Enang reportedly said the aim of the conference is to seek ways to increase refining capacity and cause a drop in the price of petroleum products.

Read also

FG will not hike petrol price in March, NNPC gives reasons

FG unveils plan to reduce fuel price below N100 per litre
The Nigerian government has unveiled its plans to reduce fuel price below N100 per litre. Photo credit: @APCNigeria
Source: Twitter

The presidential aide disclosed that the conference is scheduled to hold on Tuesday, March 16 and Tuesday, March 17.

Enang was quoted to have said:

“As the cost of crude goes higher, the cost of refined petroleum products goes higher but if we refine these petroleum products in Nigeria, the cost will be very low.
“And, the intendment of the conference is to mobilise these resources so that we can bring the prices of refined petroleum products down to below N100 per litre.”

Nigerians react

Jacob Ibrahim said:

"People are preparing for 2023, even if you people give it free normal Nigerians are tired with this government"

Maruf Olakunle Alabede said:

"No need to announce it, just do it!
"You will be the best Presidio Nigeria ever had. Thank you."

Precious Neche also commented:

"Action speaks louder than words"

Oseni Monday said:

"Story story everyday. Oga stop deceiving Nigerians. We are tired of this govt deceit.."

Read also

Great news as presidency releases crucial update on Nigerian rice, shares reassuring photo

Earlier, the Nigerian National Petroleum Corporation (NNPC) explained that it has no intention of increasing the price of petrol in the country contrary to what is being alleged.

Kennie Obateru, the NNPC's head of public affairs division, in a statement on Sunday, February 28, noted that the organisation cannot be considering a raise in the product at a time when it is still negotiating with organised labour on a framework suitable for citizens.

Obateru stated that any move by the NNPC at the moment to increase the price of fuel will jeopardise its engagement with labour unions on how best to lessen Nigerians' hardship.

PAY ATTENTION: Get the Latest Nigerian News Anywhere 24/7. Spend less on the Internet!

Meanwhile, earlier reported that Timipre Sylva, Nigeria's minister of state for petroleum resources, said the federal government is planning to begin oil exploration in the northeastern part of the country.

Read also

BREAKING: NNPC reacts to fuel price hike, issues fresh update

The minister stated this during an interview that aired on Monday, February 8.

Sylva noted he had earlier announced the discovery of crude oil in the northeast, adding that drilling activities had already started in the Lake Chad Basin.


Nurudeen Lawal is a journalist passionate about fact-checking/verification journalism. He holds a Bachelor of Arts degree in Literature-in-English from Obafemi Awolowo University, Ile-Ife, Osun State. As Politics Editor, Nurudeen mostly writes on Nigeria’s political and socio-economic developments. He has attended different workshops, conferences and training on fact-checking and digital reporting, among others. Learn more about him on Twitter, @Nurudeen Lawal_


Online view pixel