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| President Mohammadu Buhari reading his Budget Speech |
President Muhammadu Buhari has apologized
for the prolonged fuel scarcity currently being witnessed in the country,
noting that it was caused by “market speculators and resistance to change by
some stakeholders”.
President Buhari made this known
while presenting the 2016 budget.
The President reiterated that the
fight against corruption, especially in the oil sector will be sustained, while
aiming at ensuring that the sector is made more efficient and transparent.
President Buhari also put to rest the
rumored increment in the pump price of petroleum products by insisting that the
current price of premium motor spirit of eighty seven naira will be sustained
for now.
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