L
LequteMan
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Nigeria's Minister of Information, Labaran Maku, yesterday said any serious country desirous of growth must try to do away with the policy of being a mere crude oil exporting country.
“The mere fact that today we remain a crude oil exporting country is a wrong policy. Why should countries that are not producing oil sell finished products to the rest of the world? If there is money in crude oil, it will not be called crude.
“The money is in refined oil, in refined products. The crude oil is a raw material and until you create a condition in your country that you can refine these products and sell them three, four, five, six and 10 times to us we would not be able to make sufficient money to build the nation,” he noted.
According to Maku, Nigeria would not be able to make enough money to develop its infrastructures if it continues exporting crude oil and subsidising petroleum products.
He according to Daily Independent described as wisest, President Goodluck Jonathan’s decision to remove fuel subsidy in 2012, noting that the effect of the partial removal are now being positively felt across the country.
“Today if we take a look at what has happened in the country in the last two years of implementation of SURE-P at the federal level, we can see that through re-investment of money that accrues with partial withdrawal of subsidy we are now having better roads.
“Whether anybody likes it or not, the roads we met in 2011 are not the roads we are operating now, and I have been round the country on National Good Governance Tour and I have seen the kind of job this committee has done for this country.
“All the artery roads are looking better because of the intervention of SURE-P. Benin-Ore road, Abuja-Lokoja road, Jigawa-Kano express road…
“All the major roads are looking good because SURE-P is giving money to Ministry of Works to intervene on roads.
“Now if you keep this going for another five years, you will see that the roads will change completely. Economy will boom, the movement of goods and services will improve,” Maku added.
He said government was pleased with the vision of the President in setting up SURE-P for money to be transparently used and to go directly to areas that have impact on the citizens.
#Nigeria #LabaranMaku #DailyIndependent #Surep
“The mere fact that today we remain a crude oil exporting country is a wrong policy. Why should countries that are not producing oil sell finished products to the rest of the world? If there is money in crude oil, it will not be called crude.
“The money is in refined oil, in refined products. The crude oil is a raw material and until you create a condition in your country that you can refine these products and sell them three, four, five, six and 10 times to us we would not be able to make sufficient money to build the nation,” he noted.
According to Maku, Nigeria would not be able to make enough money to develop its infrastructures if it continues exporting crude oil and subsidising petroleum products.
He according to Daily Independent described as wisest, President Goodluck Jonathan’s decision to remove fuel subsidy in 2012, noting that the effect of the partial removal are now being positively felt across the country.
“Today if we take a look at what has happened in the country in the last two years of implementation of SURE-P at the federal level, we can see that through re-investment of money that accrues with partial withdrawal of subsidy we are now having better roads.
“Whether anybody likes it or not, the roads we met in 2011 are not the roads we are operating now, and I have been round the country on National Good Governance Tour and I have seen the kind of job this committee has done for this country.
“All the artery roads are looking better because of the intervention of SURE-P. Benin-Ore road, Abuja-Lokoja road, Jigawa-Kano express road…
“All the major roads are looking good because SURE-P is giving money to Ministry of Works to intervene on roads.
“Now if you keep this going for another five years, you will see that the roads will change completely. Economy will boom, the movement of goods and services will improve,” Maku added.
He said government was pleased with the vision of the President in setting up SURE-P for money to be transparently used and to go directly to areas that have impact on the citizens.
#Nigeria #LabaranMaku #DailyIndependent #Surep
