President Bola Ahmed Tinubu, on Sunday, assured Nigerians that there will soon be a reduction in fuel prices once local refineries begin operation.
Represented by Professor Garba Sharubutu, the Executive Secretary of the Agricultural Research Council of Nigeria, at the 11th Convocation ceremony of Michael Okpara University of Agriculture Umudike, President Tinubu acknowledged the recent economic challenges and appealed to Nigerians to exercise patience. He also noted that the ongoing hardships would ease as local refineries start functioning.
He said:
“Very soon, some of our local refineries will start production, and the current exorbitant prices of fuel energy will be greatly reduced.”
“Bear with us and remain resolutely in support of this administration, as we would leave no stone unturned in reversing the severe hardships that our people are currently passing through.
“Part of the supplementary budget that the Parliament has approved will be applied to bring interventions to critical segments of the agricultural sector.
“The burden of insecurity is clearly a major challenge in Nigeria, but I assure you that in no distant time, it will become history.”