Why Nigerians should be proud we are importing oil from Niger Republic – FG

NEWSCASTARS.COM had reported that last week, the Federal government through the Ministry of Petroleum Resources signed a memorandum of understanding with the government of Niger Republic for the importation of petroleum products

The Minister of State for Petroleum Resources, Timipre Sylva in an interview with Channels TV on Monday, November 23, said Nigerians should be proud that the Federal government is importing refined petrol from neighboring Niger Republic.

This comes after many Nigerians described it as an act of retrogression for the country but reacting to the backlash, Timpre said;

“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”

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