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.
Related posts:
NNPC to repair refineries, build new ones-Mele Kyari
NNPC to repair refineries, build new ones
NNPC denies fuel scarcity rumour, says more than 1bn litres of fuel in stock
How the New NNPC Group Managing Director can make Nigeria’s Refineries Work Again – Expert
Manchester United appoint Director of Football, Technical Director
Lagos State Government confirms appointment of acting director of fire service as Director
Gani Adams urges south-west governors to repair roads in the region
Finance Expert Urges CBN to address issues creating New Notes Scarcity
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.
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
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
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