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OGUN – A former President, Association of National Accountants of Nigeria (ANAN), Dr Samuel Nzekwe, has advised the federal government to allocate more crude oil to Dangote Refinery.
Nzekwe gave the advice in an interview with newsmen on Wednesday in Ota.
The former ANAN president also appealed to the federal government to sell the crude oil at the bench mark price of $64.85 per barrel as earmarked in the 2026 Budget.
He said that the appeal had become necessary in order to help Dangote Refinery produce cheaper fuel for the consumption of Nigerians.
Nzekwe attributed the rising price of food commodities to the increase in the pump prices of fuel across the country.
The former ANAN president added that this step would also prevent Dangote from importing crude oil into the country from US.
According to him, what was dragging the nation’s inflation trend was increase in fuel prices due to the current crisis in the middle East.
“There is the need for the federal government to critically look at the oil sector to alleviate the sufferings of Nigerians.
“Whatsoever affects petroleum sector affects every sector of the economy,”he said.
Nzekwe said that the ability of the federal government to allocate more crude oil to Dangote refinery would not only stop fuel importation, but bring down rising inflation rate the country has experienced since March.
Reports that the National Bureau of Statistics on April 15, says the Nigeria’s headline inflation rate rose to 15.38 per cent in March from 15.03 per cent in February. (NAN)
