Home Business Fuel scarcity: Ex-CBN director urges FG to repair refineries
Fuel scarcity: Ex-CBN director urges FG to repair refineries
4

Fuel scarcity: Ex-CBN director urges FG to repair refineries

0
4

Dr Titus Okunronmu, a former Director, Budgetary Department, Central Bank of Nigeria ( CBN ), on Monday, advised the Federal Government to repair all the four refineries in the country.

Okunronmu said in Ota, Ogun, that the revamping of the nation’s refineries would increase domestic supply and end current scarcity of petroleum products. According to him, the government would also earn foreign exchange from the importation of  refined products if the refineries are working at optimal level.

“By earning foreign exchange from importation of its refined products, the Federal Government would be able to diversify the economy effectively and create jobs for unemployed youths,’’ he said.

He also urged the government to halt export of crude oil so as to reduce borrowing and pressure on the nation’s currency.

Comment(4)

  1. It is either Titus is naive or he thinks those in government are. Either way, Titus misread the handwriting on the wall. These people in government just don’t care. They know even more than Titus but they just don’t care.

  2. Nigeria wake up
    1. This is the only thing we need to do
    2. employ youth
    3. earn forex
    4. force Naira value up from high forex earner and debt reduction
    5. We can force the world to their knees and we will.
    GOD BLESS NIGERIA

  3. Nigeria wake up
    1. This is the only thing we need to do
    2. employ youth
    3. earn forex
    4. force Naira value up from high forex earner and debt reduction
    5. We can force the world to their knees and we will.
    GOD BLESS NIGERIA

  4. Nigeria wake up
    1. This is the only thing we need to do
    2. employ youth
    3. earn forex
    4. force Naira value up from high forex earner and debt reduction
    5. We can force the world to their knees and we will.
    GOD BLESS NIGERIA

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *