ADVERTISEMENT
The Sun Nigeria
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
  • The Sun Foundation
No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
  • The Sun Foundation
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Home National

Ex-CBN Director tasks FG on ailing refineries

3rd July 2020
in National
0
Ex-CBN Director tasks FG on ailing refineries
Share on FacebookShare on Twitter
 Dr Titus Okunronmu,a former Director, Budgetary Department, Central Bank of Nigeria (CBN) has urged the Federal Government to resuscitate all the nation’s refineries towards addressing the problem of fuel importation.
Okunronmu made the call while speaking with the News Agency of Nigeria (NAN) in Ota,on Friday.
He was reacting to Wednesday’s increase in the pump price of petrol from N121.50 to N143.80 by the federal government.
The former CBN Director said that the inability of the four refineries to work effectively had been a major challenge facing the nation’s economy.
He noted that Nigeria would not overcome the problem of importing refined petroleum products into  until the federal government resuscitate all the refineries.
“There is no member of the Organisation of Petroleum Exporting Country(OPEC) that is exporting crude oil and importing refined products in return.
“What is stopping the country from having refineries that are effectively working,”he said.
Okunronmu stressed the need for the government to repair the refineries in Warri,Kaduna and Port-Harcourt, to generate employment opportunities for youths in the country.
He added that the country could generate more revenue by exporting its refined products to West African countries.
Okunronmu said that if the refineries were working, they would provide by-products like gear oil and engine oil for the oil industry.
The former Director said that the implication of the increase in pump price was that Nigerians would spent more to buy petrol, while more funds would be generated by the federal government.
He urged the government to use the money generated from the increase judiciously towards building a sustainable economy.(NAN)
Cyril

Cyril

Related Posts

Oyetola left N407.32bn debt, Adeleke tells traditional council
National

Adeleke stops operation of Ilesa varsity 

30th January 2023
RevolutionNow: SERAP writes UN Human Rights Council over attacks on journalists, protesters
National

SERAP tasks Buhari on attack on Obi

30th January 2023
Kumuyi: IPOB, Igbo youths disagree over planned crusade in Aba
National

Kumuyi admonishes youths on corruption

30th January 2023
Next Post
Man divorces 2 wives for ‘always quarreling’

Man seeks divorce over alleged sex starvation in Ibadan

COVID-19: CMD urges improved health infrastructure

COVID-19: CMD urges improved health infrastructure

Kebbi Govt donates 3 vehicles to police

Kebbi Govt donates 3 vehicles to police

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

2023 World Championship: Usoro leaps to Championship standard

Elections: Politicians, others must play by the rules –Jega

Enugu teachers pray for Ugwuanyi, other PDP candidates’ victory 

Adeleke stops operation of Ilesa varsity 

SERAP tasks Buhari on attack on Obi

Kumuyi admonishes youths on corruption

Trending

Quadri: I must redouble my efforts this year
Sporting Sun

Russian club to unveil Aruna Quadri today

30th January 2023
0

Russian table tennis league champion, Fakel-Gazprom Orenburg will today unveil their new signee, Quadri Aruna at a...

2023 Lagos International Polo tournament: Team Art Hotel falls to Trojan Ark in opening game

30th January 2023
Sportsville rolls out list of awardees

Sportsville Award excites Diri, Betsy Obaseki

30th January 2023
Usoro, Ofili, Ashe settle for silver at NCAA outdoor championship

2023 World Championship: Usoro leaps to Championship standard

30th January 2023
2023: Ex-INEC Chair, Jega, others reposition PRP

Elections: Politicians, others must play by the rules –Jega

30th January 2023
ADVERTISEMENT

Follow us on social media:

Latest News

  • Russian club to unveil Aruna Quadri today
  • 2023 Lagos International Polo tournament: Team Art Hotel falls to Trojan Ark in opening game
  • Sportsville Award excites Diri, Betsy Obaseki
  • 2023 World Championship: Usoro leaps to Championship standard
  • Elections: Politicians, others must play by the rules –Jega
  • Enugu teachers pray for Ugwuanyi, other PDP candidates’ victory 
  • Adeleke stops operation of Ilesa varsity 
  • SERAP tasks Buhari on attack on Obi
  • Kumuyi admonishes youths on corruption
  • … Anglican bishop blames leaders for Nigerians’ pain
  • Airstrike deaths: Armed herders attacking Tiv in Nasarawa –TIDA
  • Presidency, NASS on collision course over constitution review
  • Ganduje makes U-turn, says Kano ready to host Buhari 
  • APC accuses PDP of plot to circulate fake news about Tinubu
  • ISD tasks Nigeria on free, fair, credible elections
  • Nigeria needs professionals in politics –Nnamchi
  • Kalu’s endorsements soar as he rounds off campaign at Ikeagha, Achara LGs
  • N1.9trn back in banks as CBN extends old notes deadline
  • Container falls off truck in Lagos, crushes 9 passengers to death
  • PNL raises N2.2bn sulk loan

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • Change of Name
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
  • The Sun Foundation

© 2019 The Sun Nigeria - Managed by Netsera.