Updated: March 1, 2021
The Special Adviser to Nigerian President Muhammadu Buhari on Media and Publicity, Femi Adesina, declared in 2017 that Nigeria would stop the importation and exportation of petroleum products by 2019.
Mr Adesina described the importation and exportation of fuel as too costly and having a high effect on the lingering fuel crisis because the country does not produce the product locally and the refineries do not work, which makes room for little hitches in the inflow.
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“When you import fuel and do not produce fuel locally or the refineries do not work once in a while fuel scarcity should be expected, as long as you have those variables not under your total control you can’t rule that out.
His well reported declaration was made while speaking as a guest on Channels Television’s Sunrise Daily, where he explained that the Minister of State For Petroleum Resources, Dr Ibe Kachukwu, has drawn a timetable leading to 2019, noting that part of the plan is that Nigeria will stop importing but exporting.
In that same television appearance, Adesina also talked about unemployment rate in the country in the country.
The National Bureau of Statics had just released a data saying that unemployment has increased in the 3rd quarter of 2017 and Mr Adesina said there was an increase agricultural sector especially rice farming, mining and solid minerals.
He explained that shortly after the Buhari-led administration came into power the country entered into recession and oil prices went down but within a year the country came out of recession, he added that as the economy starts to settle gradually jobs that were lost will be regained.
Well, it’s 2020 and nothing has changed.