{"id":111248,"date":"2021-11-23T19:42:44","date_gmt":"2021-11-23T18:42:44","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=111248"},"modified":"2021-11-23T19:42:44","modified_gmt":"2021-11-23T18:42:44","slug":"cameroon-shut-down-refinery-because-of-cheap-fuel-from-nigeria-says-el-rufai","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/11\/23\/cameroon-shut-down-refinery-because-of-cheap-fuel-from-nigeria-says-el-rufai\/","title":{"rendered":"Cameroon shut down refinery because of cheap fuel from Nigeria, says El-Rufai"},"content":{"rendered":"<p>Governor of Kaduna state, Nasir El-Rufai has stated that Cameroon has closed down its refinery due to the cheap fuel they are getting from Nigeria.<\/p>\n<p>This was stated on Tuesday by El-Rufai while sp<span data-preserver-spaces=\"true\">eaking at the launch of the World Bank Nigeria Development Update (NDU).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">E<\/span><span data-preserver-spaces=\"true\">l-Rufai said Nigeria is losing N250 billion monthly on subsidy payment and it is not beneficial to Nigerians \u2014 but neighbouring countries.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe fuel that matters to Nigerian is kerosene, it has been deregulated and the world has not collapsed. The fuel that is important to industry and transporters is <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/05\/25\/diesel-tanker-explodes-in-lagos\/\">diesel<\/a> and it has been deregulated \u2014 nothing has happened,\u201d el-Rufai said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cSo this hullabaloo about petrol is just something we must as a country have a conversation and agreed that it has to end, we can not continue to provide petroleum gasoline to our neighbouring country, which is what we are doing.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to the governor, the major beneficiaries of fuel subsidy in Nigeria are smugglers, neighbouring Africa countries, and some rich people in Nigeria.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThis month, the NNPC brought only N14 billion to the federation account. In the budget, they are meant to bring in N120 billion monthly, but they brought 14 billion with the threat that they will ask the <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/09\/21\/minister-we-will-ensure-transparency-in-sports-federation-elections\/\">federation<\/a> account to give them a cheque to cover subsidy.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWho is befitting for the subsidising other than the smugglers, neighbouring Africa countries, and some rich people?\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe should stop politicising these things that will bring Nigeria to its knees\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the move to\u00a0<\/span><span data-preserver-spaces=\"true\">replace fuel subsidy with a N5,000 transport grant for<\/span><span data-preserver-spaces=\"true\">\u00a040 million Nigerians, the governor said it\u2019s a welcome development as the state governors are in full support.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe Nigerian Governor Forum has met and agreed to support the federal government, withdraw this subsidy by February, and use the N250 billion per month that would have been lost between February and May to do these conditional cash transfers that would put money in the pocket of Nigerians,\u201d he said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cTo ameliorate not only cost of transportation but also the 2 to 3 percent jump in inflation that is expected when the subsidy is removed.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Governor of Kaduna state, Nasir El-Rufai has stated that Cameroon has closed down its refinery due to the cheap fuel they are getting from Nigeria. This was stated on Tuesday by El-Rufai while speaking at the launch of the World Bank Nigeria Development Update (NDU). El-Rufai said Nigeria is losing N250 billion monthly on subsidy [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":48380,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[2066,260,324,23173],"class_list":["post-111248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-cameroon","tag-fuel","tag-nasir-el-rufai","tag-world-bank-nigeria-development-update-ndu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cameroon shut down refinery because of cheap fuel from Nigeria, says El-Rufai<\/title>\n<meta name=\"description\" content=\"Governor of Kaduna state, Nasir El-Rufai has stated that Cameroon has closed down its refinery due to the cheap fuel they are getting from Nigeria.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/11\/23\/cameroon-shut-down-refinery-because-of-cheap-fuel-from-nigeria-says-el-rufai\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cameroon shut down refinery because of cheap fuel from Nigeria, says El-Rufai\" \/>\n<meta property=\"og:description\" content=\"Governor of Kaduna state, Nasir El-Rufai has stated that Cameroon has closed down its refinery due to the cheap fuel they are getting from Nigeria. This\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2021\/11\/23\/cameroon-shut-down-refinery-because-of-cheap-fuel-from-nigeria-says-el-rufai\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-23T18:42:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/06\/ify_davies\/2021\/06\/18\/If-My-Son-Is-Kidnapped-I-Will-Rather-Pray-For-Him-To-Make-Heaven-Than-Pay-Any-Ransom-\u2013-Governor-El-Rufai.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" 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