“Be Proud We Are Importing Oil From Niger Republic” – Federal Govt To Nigerians
FG to Nigerians_ Be proud we are importing oil from Niger Republic
Niger is one of the poorest nations in the world but has succeeded in developing its refinery to produce at a greater capacity than its very rich neighbor, Nigeria.
Niger Republic, which started commercial oil production in 2011, now exports petroleum products to Nigeria, as the West African country’s refineries remain grounded.
For decades, Nigeria’s three major refineries have been grounded to near-zero capacity utilisation with all of its refined fuel imported from other countries.
The decision to import petroleum products from Niger republic angered many Nigerians, who described it as an act of retrogression for the country.
Reacting to the backlash, Minister of State for Petroleum Resources, Timipre Sylva, said there is nothing to be embarrassed at all about the development.
“I don’t see that as an embarrassment at all. As a country, Nigeria is a big market, we need products, even if all our refineries were functioning, we will still need extra products.
Niger Republic produces oil and they are landlocked as a country. They have a refinery that produces in excess of what they require as a country and they offered to sell to us in Nigeria because this is a bigger market.
In the spirit of regional cooperation, regional trade development, we decided to buy from them. I don’t see anything wrong with that. If your neighbour is producing something that is required in your country and you buy from him, why is that a big problem?
So, we agreed with Niger to buy the excess of what they don’t require in Niger because this is a big market.
Nigerians should be proud that we are doing that to encourage sub-regional trade because we have been talking about sub-regional trade for a long time and this is how it should be between neighbouring countries.
Niger should import from us what they have and we should be able to import from Niger what they have. Let us encourage intra-regional” he said