President Buhari says his administration can no longer sustain the price of Petroleum price as current realities in the country’s earning indicate.
In view of this, the president has announced that henceforth petrol pump price will sell for N161 per litre.
The President stated this in a nation-wide broadcast on Nigeria’s 60th independence anniversary at the Presidential Villa Abuja.
Buhari who said his administration is grappling with the challenges of saving lives and livelihoods in the face of dwindling resources said it was no longer feasible to sustain existing petrol prices.
Buhari made comparison to Petroleum prices in other crude oil producing countries such as Ghana who pegged petrol at N326 per litre,,Chad N362, Egypt N211 per litre Niger N346 and Saudi Arabia N168 and, said that oil cannot be cheaper in Nigeria than Saudi Arabia .
The President affirmed his administration’s commitment to making nigeria one of the top twenty economies of the world and in the process, lift 100 million Nigerians out of poverty in 10 years as well as strengthening institutions to make them stronger in protecting nigeria’snterest.
The president who blamed his predecessors in office between 1999- 2015 as being responsible for the country’s woes,sued for national healing and said the stereotype of thinking of ourselves as coming from one part of the country before seeing ourselves as nigerians is “a key starting point to project us on the road to our deserved nation’s evolution and growth.’
According to him, “the nation is greater together than being smaller units of nationalities “and hoped that by the end of September 2021 nigerians will be proud of the progress made.
Buhari said he believed in free,fair and credible elections as the outcome of election in Edo showed and described the problems in the electoral process as human induced.
