Monday, September 7, 2020

Buhari speaks on new petrol, electricity prices

President Muhammadu Buhari Monday in Abuja gave copious reasons his government cannot reverse the increase in the prices of petrol and electricity in the country, saying it was done in the long term economic interests of Nigerians.

Besides, he said the 2020 budget has no provision for petrol subsidy.
Buhari spoke at the First Year Ministerial Performance Review Retreat at the State House Conference Centre.
His speech was delivered by Vice President Yemi Osinbajo.
President Buhari noted that increase in price of electricity and deregulation of the petroleum sector were crucial decisions that were taken at the beginning of the year, preceding the COVID-19 pandemic.

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