A former Governor of Cross Rivers state, Donald Duke has said that the Organisation of Petroleum Exporting Countries (OPEC) should not be the one fixing the price of fuel for local consumption in Nigeria.
He said the Federal Government develop a holistic approach to ensure that a different price is fixed for oil and ensure that it is not smuggled to neighbouring countries.
Duke said this while speaking on Sunday in Abuja at the Teens Annual Conference with the theme, ‘The Power of Music’ organised by the Redeemed Christian Church of God, RCCG, The Everlasting Arms Parish.
He stated: “You see this inflation you are experiencing, you know why you have inflation? High energy costs. So if the cost of energy — fuel goes up, inflation will go up, because you’re going to transport your food, you’re going to transport other people.
“I’m just giving you that as an example. Say, for instance, fuel was N700 per litre, today is N1500, inflation will almost double. If the cost of electricity increases, it will also inflate.
“This is a country that flares gas, that’s energy. It’s a country that has oil. We can fix the price of our oil. We don’t have to allow the rest of the world determine the price of our oil for our own consumption. This is how we’re going to do it, and monitor it in such a way that it serves us and not go to other countries. That’s very important.”
Duke also lamented that quack politicians have brought the country to its lowest level.
He added: “Politics could be the most elevating vocation, but a lot of quacks are involved in it, so they have brought it down to the lowest level. When politics is right, it elevates everything. It elevates medicine. It elevates your livelihood.
“When we complain about the country not being good, it’s politicians. So if you have the right politicians, you have the right country. So it is the most noble, the most noble of vocations.”
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