Buhari To Reduce Petrol To N40 Per Litre

Prof. Tamunoemi David-West, former Minister of Petroleum and Energy has assured Nigerians that Gen. Mohammed Buhari will reduce the fuel pump price from N87 to N40 per litre when he assumes office.
According to Vanguard, David-West gave this assurance in a telephone interview where he explained that the millions of barrels of crude oil produced daily in Nigeria could boost economic growth if properly harnessed.

He said: “I want to assure you that by the time he takes over, petrol will be dispensed at N40 per litre. This is possible and he has the credibility to make it work.
The major assignment of the president-elect when he is eventually inaugurated is to restore confidence to the industry”‘.
He noted that Buhari who was familiar with the petroleum industry would sanitize the sector after his inauguration.
“As military head of state, he dealt with the Federal Executive Council with the tenets of democracy. Buhari will build new refineries to make petroleum products available for the masses. No responsible government will allow the masses to suffer.
“He will strengthen the refineries within a year. It is possible as we won’t spend any amount in setting up a green field refinery. We already have a blueprint as we shall use what we have to get what we want,” he added. He further stated that on many occasions, the president – elect had disclosed that the subsidy initiative is a fraud which has distorted the progress expected in the sector.”David West Said.

The former Minister lambasted the high rate of corruption that has characterised the subsidy regime, noting that the trillions of naira spent on both Petrol and Kerosene subsidy within the past few years had inhibited efforts to properly carry-out the turn around maintenance for the refineries in Nigeria.
Meanwhile, the president-elect, Gen Muhammadu Buhari has restated his resolve to fight corruption in the country, noting that government officials and other agents of state who work to subvert the nation’s constitution will not go unpunished.