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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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NESG Tasks Stakeholders On Economic Growth


Nigeria's economy requires domestic and foreign investments in order to compete favourably with others in the African continent, the Director of Research, Nigerian Economic Summit Group, Dr Olusegun Omisakin has said.

He said areas such as infrastructure, education and health care require growth. 

According to him, the group which is a think-tank for economic acceleration, will hold its summit between October 23 -24, will use growth as a sub theme for the event, adding that Nigeria would not have problem on how to shore up its domestic and global competitiveness, once it has embraced innovation and also enhanced skill acquisition programmes. 




He said the idea would help in bringing diverse investments into the country for growth.

The development, Omisakin said, will stimulate economic expansion, by providing employment opportunities for the country.

He further said that strategic trade expansion in non-oil sectors with a focus on exports will diversify external revenue sources, reduce reliance on the oil and gas industry and elevate Nigeria’s economic complexity on the global stage.

 This, Omisakin added, would enable Nigeria to leverage the potential of the African Continental Free Trade Agreement (AfCFTA), build resilience against external shocks, and forge a more equitable, inclusive, and sustainable economy that benefits all Nigerians.”


 
196580cookie-checkNESG Urges Stakeholder

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