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New Year: Tinubu Restates Commitment to Refine Fuel Locally


President Bola Ahmed Tinubu has said that his administration is set to restart local refining of petroleum products.

While delivering his New Year Address to Nigerians on Monday, he acknowledged the fact that Nigerians are going through tough time.

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He assured that things will get better in no time as he is making efforts for Nigerians to feel the impact of his government.

Tinubu revealed that there will be sufficient food supply, power supply and stable electricity .

The President also stated that all fiscal tax policies reform will be made more comprehensible.


However, he reassured that his administration will implement a new minimum wage for Nigerian workers in 2024.

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” My administration recognises that no meaningful economic transformation can happen without steady electricity supply. In 2024, we are moving a step further in our quest to restart local refining of petroleum products with Port Harcourt Refinery, and the Dangote Refinery which shall fully come on stream”.

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“To ensure constant food supply, security and affordability, we will step up our plan to cultivate 500,000 hectares of farmlands across the country to grow maize, rice, wheat, millet and other staple crops. We launched the dry season farming with 120,000 hectares of land in Jigawa State last November under our National Wheat Development Programme”.

” In this New Year, we will race against time to ensure all the fiscal and tax policies reforms we need to put in place are codified and simplified to ensure the business environment does not destroy value. On every foreign trip I have embarked on, my message to investors and other business people has been the same. Nigeria is ready and open for business”.

“We will work diligently to make sure every Nigerian feels the impact of their government. It is in this spirit that we are going to implement a new national living wage for our industrious workers this New Year”.

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“We have set the parameters for evaluation. Within the first quarter of this New Year, Ministers and Heads of Agencies with a future in this administration that I lead will continue to show themselves”.

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” For the new year to yield all its good benefits to us as individuals and collectively as a people we must be prepared to play our part. The job of building a prosperous nation is not the job of the President, Governors, Ministers, Lawmakers and government officials alone” he said.



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