Independence day address by his excellency, Muhammadu Buhari, president of the federal republic of Nigeria on the occasion of Nigeria’s sixtieth independence anniversary, thursday 1st october 2020.
Buhari said;
“Petroleum prices in Nigeria are to be adjusted. We sell now at N161 per litre. A comparison with our neighbours will illustrate the point.
“Chad, which is an oil-producing country, charges N362 per litre.
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Niger, also an oil-producing country, sells oil at N346 per litre.
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Ghana, another oil-producing country, petroleum pump price is N326 per litre.
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Further afield, Egypt charges N211 per litre. Saudi Arabia charges N168 per litre.
“It makes no sense for oil to be cheaper in Nigeria than in Saudi Arabia.”
