Dr Titus Okunronmu, a former Director, Budgetary Department of Central Bank of Nigeria (CBN), has commended the Dangote Refinery for reducing pump price of petrol from N885 to N870.
Okunronmu made the commendation in an interview with the News Agency of Nigeria (NAN) in Ota,Ogun on Tuesday.
NAN reports that Dangote Refinery had on May 22, reduced the pump price of petrol nationwide by N15, thus making it six times this year that Dangote had adjusted the petrol price.
According to him, that is very good for Nigeria and its citizens, adding that which other products in the national markets that Nigerians enjoyed falling prices.
“There is the need for federal government to create enabling environment for the refinery to thrive as we are enjoying the benefits of Dangote Refinery investment.
“Dangote can meet our domestic demands with excess production for exports and foreign exchange earnings. Importers of refined petroleum products have no interest of Nigeria at heart,” he said.
Okunrounmu urged the Federal Government to make concerted efforts to halt the importation of refined petroleum products into the country.
He noted that the federal government has no justification for granting import licenses for importation of refined petroleum products, adding that lets develop the Nigerian Economy. (NAN)
