Nigeria Will Stop Importing And Exporting Fuel By 2019 (Femi Adesina)

Femi Adesina, the Special Adviser to the President on Media and Publicity, has said that the country will stop importation and exportation of petroleum products by 2019.

He said that importation and exportation of fuel has 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.

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.

He further 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.

Concerning the unemployment rate in the country which the National Bureau of Statics recently released a data saying that unemployment has increased in the 3rd quarter of 2017

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