El-rufai: Cameroon Shut Down Its Refinery Because Of Cheap Fuel From Nigeria

source: dailytrust
138

Governor Nasir el-Rufai of Kaduna State has said the current fuel subsidy regime is not beneficial to According to the governor, the monthly subsidy payments which cost the country over N250 billion is only to the benefit of El-Rufai also said one of Nigeria’s countries, shutdown its refinery because of the cheap fuel they are getting from Nigeria. The governor spoke at the launch of the World Bank Update (NDU). “The fuel that matters to Nigerian is kerosene, it has been deregulated and the world has not collapsed. The fuel that is important to industry and transporters is diesel and it has been deregulated — nothing has happened,” el- Rufai said. “So this hullabaloo about petrol is just something we must as a country have a conversation and agreed that it has to end, we can not continue to gasoline to our country, which is what we are doing.” According to the governor, the beneficiaries of fuel subsidy in Nigeria are smugglers, Africa countries, and some rich people in Nigeria. “This month, the NNPC brought only N14 billion to the federation account. In the budget, they are meant to bring in N120 billion monthly, but they brought 14 billion with the threat that they will ask the federation account to give them a cheque to cover subsidy.” “Who is befitting for the subsidising other than the smugglers, Africa countries, and some rich people?” “We should stop politicising these things that will bring Nigeria to its knees” On the move to replace fuel subsidy with a N5,000 transport grant for 40 million Nigerians, the governor said it’s a welcome development as the state governors are in full support. “The Nigerian Governor Forum has met and agreed to support the federal government, withdraw this subsidy by February, and use the N250 billion per month that would have been lost between February and May to do these conditional cash transfers that would put money in the pocket of Nigerians,” he “To ameliorate not only cost of but also the 2 to 3 percent jump in inflation that is expected when the subsidy is removed.”

NB: Stories are shared by community members. The article does NOT represent the official view of NaijaWorld and the author is SOLELY RESPONSIBLE for this article
Comments

Use The App To Win N1m
Related Stories
thumbnail
Tinubu Visited Me To Seek Support For 2023 Presidential Ambition- Yakassai
1 h
thumbnail
Teen Star Breaks The Internet With A New Brand Of Motivational Talent
9 h
thumbnail
Bua Owner Donates N2.5bn To Asr Mother And Child Hospital In Ogun
9 h
thumbnail
Portugal V Italy: One Of These Teams Won't Be Heading To Qatar 2022
12 h
thumbnail
China Takes Over Uganda’s Lone International Airport Over Failure To Repay Loa
3 h
thumbnail
Scandal Rock National Assembly As Senior Officers Caught In Age Falsification
11 h
thumbnail
Mr Ibu Endorses Tinubu For 2023 Presidency
14 h
thumbnail
Gender Based Violence: Nigerian Governors' Wives Forum Plan 16-Day Programme
17 h
thumbnail
Did You Ever Read The Constitution Of Your Country
7 h
thumbnail
Udom Flag Up More Roads Construction In Akwa Ibom … Photos
16 h
thumbnail
16 Days Activism Against Gender-base Violence: First Lady Kicks Off 'Orange The
21 m
thumbnail
Csos Gives FCT Minister 14 Days Ultimatum To Appoint Director Of Treasury
16 h
thumbnail
What Should These People Do After Being Detained Unjustly For 15yrs
1 h
thumbnail
Okebata: The Nigerian Army Burnt My House And Killed My Wife In Izombe- Pics
12 h
thumbnail
Ibom Deep Seaport Committee Lands In South Korea … Photos
22 h
thumbnail
Court Proscribes Bandit Groups, Declares Them Terrorists
18 h
thumbnail
Ijaw Self Determination Process Fully Begins.
22 h
thumbnail
NLC Kicks Against Govt’s Plan To Remove Fuel Subsidy
15 h
thumbnail
Kaduna Lifts Telecoms Ban
17 h
thumbnail
Lai Mohammed Is An Executive Rascal – Falana
19 h
Related Stories
thumbnail
Tinubu Visited Me To Seek Support For 2023 Presidential Ambition- Yakassai
1 h
thumbnail
Teen Star Breaks The Internet With A New Brand Of Motivational Talent
9 h
thumbnail
Bua Owner Donates N2.5bn To Asr Mother And Child Hospital In Ogun
9 h
thumbnail
Portugal V Italy: One Of These Teams Won't Be Heading To Qatar 2022
12 h
thumbnail
China Takes Over Uganda’s Lone International Airport Over Failure To Repay Loa
3 h
thumbnail
Scandal Rock National Assembly As Senior Officers Caught In Age Falsification
11 h
thumbnail
Mr Ibu Endorses Tinubu For 2023 Presidency
14 h
thumbnail
Gender Based Violence: Nigerian Governors' Wives Forum Plan 16-Day Programme
17 h
thumbnail
Did You Ever Read The Constitution Of Your Country
7 h
thumbnail
Udom Flag Up More Roads Construction In Akwa Ibom … Photos
16 h
thumbnail
16 Days Activism Against Gender-base Violence: First Lady Kicks Off 'Orange The
21 m
thumbnail
Csos Gives FCT Minister 14 Days Ultimatum To Appoint Director Of Treasury
16 h
thumbnail
What Should These People Do After Being Detained Unjustly For 15yrs
1 h
thumbnail
Okebata: The Nigerian Army Burnt My House And Killed My Wife In Izombe- Pics
12 h
thumbnail
Ibom Deep Seaport Committee Lands In South Korea … Photos
22 h
thumbnail
Court Proscribes Bandit Groups, Declares Them Terrorists
18 h
thumbnail
Ijaw Self Determination Process Fully Begins.
22 h
thumbnail
NLC Kicks Against Govt’s Plan To Remove Fuel Subsidy
15 h
thumbnail
Kaduna Lifts Telecoms Ban
17 h
thumbnail
Lai Mohammed Is An Executive Rascal – Falana
19 h