• About
  • Advertise
  • Careers
  • Contact
Saturday, July 12, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Featured

Buhari Reveals Solution To Constant Fuel Price Hike, Unveils New Programme

by ReportersAtLarge
December 2, 2020
in Featured, News
Reading Time: 2 mins read
0
President Muhammadu Buhari

President Muhammadu Buhari

Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

President Muhammadu Buhari Tuesday in Abuja appreciated Nigerians and Organized Labour for restraint, understanding and patience as the country tackles myriad economic challenges, assuring that the Federal Government is working hard to ameliorate the situation.

Speaking at a virtually held event at the State House to unveil National Gas Expansion Programme and National Auto-gas Roll-out Initiative, President Buhari said:

“Let me now express my deep appreciation to Nigerians for their patience, and Organized Labour for its maturity and patriotism as we collectively navigate these global economic and other challenges.’’

The President urged Nigerians to embrace the use of gas as an alternative to fuel, noting that:
“It is no longer news that the vast Natural Gas resources, which Nigeria is endowed with has hitherto been used sub-optimally as a result of a dearth of gas processing facilities and infrastructural connectivity for effective and optimal domestic utilization.

“As I mentioned above, with a proven reserve of about 203 Trillion Cubic Feet (TCF) and additional upside of 600 TCF ranking Nigeria as the 9th in the world currently, the need for domestic gas expansion and utilization is apparent.’’

RelatedPosts

Obasanjo And NNPCL: A Prophet In The Oil Wilderness?

Ibadan Discourse Group Commemorates Adekunle Fajuyi, Calls For Value-Based Leadership

Villa Rat Invasion Story Fabricated As A Distraction From Buhari’s Health Issues — Garba Shehu

President Buhari said the deregulation of the downstream sector had exposed many to price volatilities in the global market, urging attention to more affordable alternative for energy, especially with Nigeria’s heavy reserve.

“Therefore, the roll-out of the National Gas Expansion Programme, Auto-gas initiative is coming at the right time, especially in light of global crude oil market fluctuations coupled with the full deregulation of the local PMS market.

“These developments have made it imperative to focus on gas as an alternative fuel to move Nigeria from the conventional dependence on white products for autos and prime-movers of industrial applications, to cleaner, more available, accessible and affordable energy source.

“The outcome will not only cushion the effect of the downstream deregulation that this government has to painfully implement, but also create new markets and enormous job opportunities for our people.’’

The President said the auto-gas initiative will lead to increased domestic gas utilization and enrich the trajectory of national economic growth and development, adding: “I therefore encourage everyone to embrace gas in form of LPG, CNG and LNG as an alternative fuel for autos and other prime-movers.’

“The Minister of State Petroleum Resources is hereby directed to commence the process of hand over of mass transit buses to Organized Labour as part of our government’s pledge to continue providing support that will ease the transportation challenges Nigerians are facing at this time.’’

In his remarks at the event, the Minister of State for Petroleum Resources Timipre Sylva said the Ministry is focusing on development of skills, technology and manpower as well as growth in the utilisation of LPG, CNG and LNG.

He added that the National Gas Expansion programme which was initiated this year to boost the utilization of gas in the short and medium term “is expected to create two million jobs per annum, promote skills acquisition and enhance technology transfer in addition to growing the nation’s GDP.”

The Group Managing Director of NNPC, Mele Kolo Kyari informed that from 2016 to 2019, the Federal Government had spent over three trillion Naira subsidizing the pump price of petroleum products particularly PMS, insisting that the subsidy regime did not benefit the masses that the President is passionate about.

He added that the economic effects of the COVID-19 pandemic have made it impossible to continue with the onerous subsidy regime.

Tags: BREAKINGBREAKING NEWSBuhariMuhammadu Buhari NewsPetrol
SendShareTweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

Olusegun Obasanjo on Coalition Candidate
Opinion

Obasanjo And NNPCL: A Prophet In The Oil Wilderness?

by ReportersAtLarge
July 12, 2025
0

Former President Olusegun Obasanjo has always had strong opinions about Nigeria’s oil sector, and none stronger than his damning verdict...

Read moreDetails
News

Ibadan Discourse Group Commemorates Adekunle Fajuyi, Calls For Value-Based Leadership

by ReportersAtLarge
July 11, 2025
0

The Ibadan Discourse Group (IDG) recently held a national discourse in honour of the late Lt. Col. Adekunle Fajuyi, a...

Read moreDetails
Mallam Garba Shehu
News

Villa Rat Invasion Story Fabricated As A Distraction From Buhari’s Health Issues — Garba Shehu

by ReportersAtLarge
July 11, 2025
0

The Former Special Assistant on Media and Publicity to ex-President Muhammadu Buhari, Garba Shehu, has revealed that the story about...

Read moreDetails
Load More

Leave a Reply Cancel reply

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

Recommended

Rochas Okorocha

#EdoDecides2020: Okorocha Reacts To Obaseki’s Victory, Says Edo People Voted Against Injustice

5 years ago
Oldest Hebrew Bible

World’s Oldest Hebrew Bible Sells For A Record-Breaking $38.1m

2 years ago

Popular News

  • Senator Ademola Adeleke

    Osun PDP Leaders Unanimously Back Governor Adeleke Amid Defection Rumors

    0 shares
    Share 0 Tweet 0
  • Obasanjo And NNPCL: A Prophet In The Oil Wilderness?

    0 shares
    Share 0 Tweet 0
  • Who’s The Next PDP Governor To Defect To APC: Adeleke or Makinde?

    0 shares
    Share 0 Tweet 0
  • Ibadan Discourse Group Commemorates Adekunle Fajuyi, Calls For Value-Based Leadership

    0 shares
    Share 0 Tweet 0
  • Villa Rat Invasion Story Fabricated As A Distraction From Buhari’s Health Issues — Garba Shehu

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • Osun PDP Leaders Unanimously Back Governor Adeleke Amid Defection Rumors July 12, 2025
  • Obasanjo And NNPCL: A Prophet In The Oil Wilderness? July 12, 2025
  • Who’s The Next PDP Governor To Defect To APC: Adeleke or Makinde? July 12, 2025
  • Ibadan Discourse Group Commemorates Adekunle Fajuyi, Calls For Value-Based Leadership July 11, 2025
  • Villa Rat Invasion Story Fabricated As A Distraction From Buhari’s Health Issues — Garba Shehu July 11, 2025
December 2020
SMTWTFS
 12345
6789101112
13141516171819
20212223242526
2728293031 
« Nov   Jan »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights