Home NewsEngineering Federal Government Not Fully Deregulated The Petroleum Sector: Nigerians Should Be Proud Of Intra-regional Trade Of Fuel Imports From Niger Republic – Timipre Sylva

Federal Government Not Fully Deregulated The Petroleum Sector: Nigerians Should Be Proud Of Intra-regional Trade Of Fuel Imports From Niger Republic – Timipre Sylva

by Anita Ogona
Minister of State for Petroleum Resources, Timipre Sylva, says Nigerians should be proud that the Federal Government is set to resume the importation of petroleum products from neighboring Niger Republic.
Sylva said contrary to comments by critics of the government, the plan by the Federal Government to resume fuel importation from its West African brother should not be seen as ‘an embarrassment’ but rather as a means of encouraging intra-regional trade.
Recall that the Ministry of Petroleum Resources announced last Thursday in a statement that the two countries signed a Memorandum of Understanding for petroleum products transportation and storage.
According to the statement, Niger Republic’s Soraz Refinery in Zinder, some 260km from the Nigerian border, has an installed refining capacity of 20,000 barrels per day.
The move by the Federal Government attracted steaming criticisms with many knocking the government over its inability to keep the country’s refineries running.
But reacting on Monday evening while featuring on Channels Television’s Politics Today programme the minister said Nigeria is a big market that needs excess fuel products processed in other countries.
Sylva 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.

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