President Bola Tinubu has once again hinted at the imminent production of petroleum products by local refineries in Nigeria. This comes after the President had previously declared that the Port Harcourt refinery would resume operations by December 2023. Tinubu made the announcement during the 11th convocation ceremony of Michael Okpara University of Agriculture Umudike (MOUAU).
During his speech, Tinubu stated that the exorbitant prices of fuel would be significantly reduced once the local refineries start production. He said, “Very soon, some of our local refineries will start production and the current exorbitant prices of fuel energy will be greatly reduced.”
Representing the President at the event was the Executive Secretary of the Agricultural Research Council of Nigeria, Professor Garba Sharubutu. He acknowledged the prevailing economic hardships in the country but assured Nigerians that the situation would soon improve.
Tinubu appealed for patience and continued support from Nigerians as the government made efforts to address the challenges faced by the country. He stated, “Bear with us and remain resolutely in support of this administration as we would leave no stone unturned in reversing the severe hardships that our people are currently passing through.”
The President added that part of the recently approved supplementary budget would be allocated to critical segments of the agricultural sector to bring about interventions. He also addressed the issue of insecurity, acknowledging it as a major challenge in Nigeria. However, he assured citizens that it would become history in the near future.
With the promise of local refineries beginning production and efforts being made to address economic difficulties and insecurity, President Tinubu aims to bring relief to Nigerians and improve the overall state of the country.
