NEWS UPDATE: BUHARI DURING THE 60TH ANNIVERSARY ANNOUNCES STILL, AN EXORBITANT NEW PRICE FOR PETROL [GIVES REASONS]

The president of Nigeria – His Excellency Muhammadu Buhari during the just celebrated 60th independence anniversary announced a new price for petrol in the country.

The newly announced pump price by the president was tagged ‘exorbitant’ by most Nigerians who felt disappointed for getting a reverse case after expecting a good decrease in the price.

According to MYTECH, the new price for petrol by the president was given to be N161 per liter.

While making the announcement, he noted that other nations such as Chad, Saudi Arabia, Ghana and other oil-producing countries sell petrol for prices higher than that of Nigeria.

At this point, President Buhari reprimanded the previous governments before him ranging from 1999 to 2015 for criticizing his administration when they allegedly presided over the near-destruction of the country.

“No government in the past did what my administration is doing with such scarce resources. The present government has managed to keep things going despite the disproportionate spending on security” – Buhari stated during his nationwide broadcast at the anniversary.

Nigeria among all other oil producing countries have the cheapest selling rate of N161 per litre.

He gave names and prices of oil per litre in other countries:

“Ghana, an oil producing country sell a litre of petrol at the rate of N326.

“Niger, an oil producing country sells 1 litre at N346.

“Saudi Arabia charges N168 per litre.

“Chad, also an oil producing country sell at the rate of N362 per litre.

“It even makes no sense for oil to be cheaper in Nigeria than in Saudi Arabia”.

To this effect he lastly stated, “For the country to grow and achieve great things the citizens need to solidify their strength, increase their commitment and encourage themselves to do that which is right at all times”.

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