News

NYO, FEMA to train youth on entrepreneurship skill

- by Let’s work to reduce fuel price to N100 per litre - SSA By Binta Shama Senior Special Assistant to President Muhammadu Bahari on Niger Delta Affairs, Senator Ita Enang, has urged Nigerians to work hard and ensure citizens buy fuel at the rate of N100 per litre. The SSA stated this during a working visit to his office by the Domestic Refinery Owners Association of Nigeria (DROAN) Friday, in Abuja. Speaking at the interactive session, Enang said the aim is to harness and integrate locally refined products into the petroleum market to help crash the price of petroleum products in the country. He added that the reason why petroleum products prices went up was due to the process of extracting, exporting, refining and returning it back to the country has made it expensive and cumbersome. “As we succeed with you, we will eliminate and be able to crash the price of refined petroleum products because what makes refined petroleum products costly is the cost of freight, sending it abroad to be refined. You pay ports authority, you pay NIMASA, you pay for the chatter of the vessels that take it there, you pay the duties in Nigeria, you pay the duties in the country that it is landing etc. “So what Nigerians are actually paying for is not the real cost of the product, it is the services, and by the time we engage with you and we are able to have the domestic Nigerian refinery, all those other charges will be eliminated and like you have been telling me, the price of refined petroleum products will come under N100 per litre,” he stated. The national chairman, DROAN, Mr. Godwin Sunday said the Oil and Gas sector should be expanded and henceforth, avoid monopoly.

The Nigeria Youth Organisation (NYO) and FEMA Technology are partnering to train thousands of youth on entrepreneurship skills as part of efforts to support the current administration’s job creation strive.

Both organisations stated this Saturday in Abuja during NYO extra-ordinary meeting of zonal vice president, states’ delegates and national executive council members of NYO.

Addressing the delegates, NYO national president, Abdullahi Abubakar Wali, said entrepreneurship and local private enterprise are critical components of Nigeria’s economic development. 

“SMEs tap into domestic and global markets, engaging in activities from retail to telecommunications. SMEs act as incubators of specialisation and innovation within an economy, allowing the country to diversify and industrialise. 

“They also help to fill a growing demand in the goods and services sector, as consumer demand and discretionary income within Africa rises,” he said

He lamented the level of governance in the country, saying development has not been optimally attained in the country after many years of post-colonialism as Nigerians have tolerated parochial political interests, ethnic and religious sentiments to inhibit the nation’s social, political and economic development despite its heavily-endowed natural and human resources. 

Managing Director, FEMA, Femi Soetan, said his organisation has since 2003 trained and empowered over 8,000 youth across the country.

Related Posts

Akume, Idris, others in as FG names committee for Democracy Day celebration

Abdullahi grieves over Sen. Ibrahim’s demise

APC petitions NJC, CJN, drags Justice Na’Abba over suspension of Ganduje 

About Let’s work to reduce fuel price to N100 per litre - SSA By Binta Shama Senior Special Assistant to President Muhammadu Bahari on Niger Delta Affairs, Senator Ita Enang, has urged Nigerians to work hard and ensure citizens buy fuel at the rate of N100 per litre. The SSA stated this during a working visit to his office by the Domestic Refinery Owners Association of Nigeria (DROAN) Friday, in Abuja. Speaking at the interactive session, Enang said the aim is to harness and integrate locally refined products into the petroleum market to help crash the price of petroleum products in the country. He added that the reason why petroleum products prices went up was due to the process of extracting, exporting, refining and returning it back to the country has made it expensive and cumbersome. “As we succeed with you, we will eliminate and be able to crash the price of refined petroleum products because what makes refined petroleum products costly is the cost of freight, sending it abroad to be refined. You pay ports authority, you pay NIMASA, you pay for the chatter of the vessels that take it there, you pay the duties in Nigeria, you pay the duties in the country that it is landing etc. “So what Nigerians are actually paying for is not the real cost of the product, it is the services, and by the time we engage with you and we are able to have the domestic Nigerian refinery, all those other charges will be eliminated and like you have been telling me, the price of refined petroleum products will come under N100 per litre,” he stated. The national chairman, DROAN, Mr. Godwin Sunday said the Oil and Gas sector should be expanded and henceforth, avoid monopoly.

View all posts by Let’s work to reduce fuel price to N100 per litre - SSA By Binta Shama Senior Special Assistant to President Muhammadu Bahari on Niger Delta Affairs, Senator Ita Enang, has urged Nigerians to work hard and ensure citizens buy fuel at the rate of N100 per litre. The SSA stated this during a working visit to his office by the Domestic Refinery Owners Association of Nigeria (DROAN) Friday, in Abuja. Speaking at the interactive session, Enang said the aim is to harness and integrate locally refined products into the petroleum market to help crash the price of petroleum products in the country. He added that the reason why petroleum products prices went up was due to the process of extracting, exporting, refining and returning it back to the country has made it expensive and cumbersome. “As we succeed with you, we will eliminate and be able to crash the price of refined petroleum products because what makes refined petroleum products costly is the cost of freight, sending it abroad to be refined. You pay ports authority, you pay NIMASA, you pay for the chatter of the vessels that take it there, you pay the duties in Nigeria, you pay the duties in the country that it is landing etc. “So what Nigerians are actually paying for is not the real cost of the product, it is the services, and by the time we engage with you and we are able to have the domestic Nigerian refinery, all those other charges will be eliminated and like you have been telling me, the price of refined petroleum products will come under N100 per litre,” he stated. The national chairman, DROAN, Mr. Godwin Sunday said the Oil and Gas sector should be expanded and henceforth, avoid monopoly. →

Leave a Reply