Vice-President Yemi
Osinbajo has said the government is working on a medium-term reduction of the
pump price of petroleum products by collaborating with private refineries and
reducing importation.
He said there was no
going back on the incumbent administration’s commitment to unbundle the
Nigerian National Petroleum Corporation to make it more efficient.
Osinbajo, who left the
country on Wednesday for the United Kingdom to sign the Nigeria-UK solar energy
agreement, told Bloomberg in an interview that the government would also
encourage private refineries to reduce the importation of petroleum products, adding
that the Petroleum Industry Bill would be broken and sent in pieces to ensure
its speedy passage.
He said the government
was aware of the inefficiencies of the refineries, adding that the government
would bring private refineries on board so that most of the petroleum products
would be refined locally.
No comments:
Post a Comment