Senator Ifeanyi Ubah Anticipates Reduction in Fuel Prices

Anambra South Senator Ifeanyi Ubah has suggested that the pump price of petroleum products could see a reduction once Nigeria’s oil refineries start operating at full capacity.

Addressing journalists on Thursday, Ubah, who serves as the chairman of the Senate Committee on Downstream, expressed optimism about the progress being made in revamping the country’s refineries.

“As the chairman of the senate committee on downstream, I can inform you that all our refineries are all kicking and will come into full capacity,” he said.

He highlighted that this development is expected to alleviate the financial burden on Nigerians.

“This is expected to reduce the price of fuel and the hardship some Nigerians are going through,” Ubah added.

Ubah also pointed to the positive impact of the newly operational Aliko Dangote refineries and praised the innovations and support from President Bola Tinubu’s administration.

“The innovations that are coming into the industry and the support that the president is giving to the industry are tremendous. It’s a gradual process, but we are getting it right. I urge Nigerians to be patient with us; we are having good tidings,” he remarked.

The senator commended President Tinubu for his efforts in improving infrastructure across the country. “Look at Abuja, for example.

We have roads that were commissioned about 15 or 16 years ago and have not been touched, but today, under the administration of President Tinubu, they have received enormous attention through construction and rehabilitation,” he said.

Ubah emphasized that similar improvements are happening nationwide, driven by the president’s policies and reforms.

“It is also the same in other parts of the country, not only Abuja, a lot of sectors are also being attended to through the president’s policies and reforms; as we all know, Rome was not built in a day,” he concluded.