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bananas Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-25-07 11:51 PM
Original message
Nigerian President pledges end to reliance on fuel imports
http://www.platts.com/Oil/News/8122311.xml?src=rssheadlines0

Nigerian President pledges end to reliance on fuel imports

Lagos (Platts)--25Jun2007

Nigerian President Umar Yar'Adua said Sunday his administration would
accord top priority to boosting local production of petroleum products and
ending the country's nearly 100% reliance on fuel imports.

The statement came after trade unions this weekend agreed to halt a
crippling general strike called to protest increased gasoline prices.

The government said last week that subsidies on fuel prices have risen to
Naira 750 million/day ($6 million/day), forcing it to raise gasoline prices by
15%, a move that triggered the four-day strike.

In Sunday's statement, the President said the sharp increase in subsidies
on domestic prices of petroleum products was due to the "near-total reliance
on imported petroleum products in spite of our status as one of the world's
biggest exporters of crude oil."

<snip>
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Dogmudgeon Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-26-07 05:50 AM
Response to Original message
1. Sir, I humbly and devoutly beg the indulgence of your consideration
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I remain,

Your Most Humble and Obedient Servant,

Mbotu Obesanjo Dalai Mandela-Luther-King,
Fourth Special Assistant to the Adjunct of the Assistant Undersecretary of the Treasury of the People's Empire of Nigeria
155th Heir to the Established Thylacine Throne of the House of Maxwell (Nigeria), Pty.

--p!
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Nihil Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-26-07 08:16 AM
Response to Reply #1
2. *snort*
Nice one p!
:rofl:
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bananas Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-27-07 07:32 AM
Response to Reply #2
3. *snort* *snort* *snort*
Thanks, I'll post a link here whenever you-know-who mentions Nigeria.

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