Home News Price of Petrol Will Reduce in 2024 – CBN Governor
News

Price of Petrol Will Reduce in 2024 – CBN Governor

Share
Price of Petrol Will Reduce in 2024 - CBN Governor | Daily Report Nigeria
Share

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has announced that the price of petrol will reduce in 2024.

According to Cardoso, the reduction will happen because the government and private-owned refineries will begin operations soon.

When that happens, he said, it will boost the Nigerian economy and make it more resilient.

He added that the Dangote Refinery has already started production, and the Port Harcourt Refinery will soon follow.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

Furthermore, he revealed that the CBN, the Ministry of Finance, and the NNPCL are working together to ensure that all forex inflows are returned to the CBN to boost reserves accretion.

The apex Bank Governor spoke on Wednesday, January 24, at the launch of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report in Lagos.

He said:
Stabilisation or reduction in fuel costs is poised to have far-reaching implications across various sectors, contributing significantly to overall economic efficiency and resilience.”

 

 

 

 

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Nigerian Man Jailed in U.S. for $6M Inheritance Scam Targeting Over 400 Americans | Daily Report Nigeria
News

Nigerian Man Jailed in U.S. for $6M Inheritance Scam Targeting Over 400 Americans

A United States federal court has sentenced Nigerian citizen Okezie Bonaventure Ogbata...

Boko Haram Kills 40 in Borno Attacks, COAS Vows Tough Offensive | Daily Report Nigeria
News

Boko Haram Kills 40 in Borno Attacks, COAS Vows Tough Offensive

Suspected Boko Haram terrorists killed over 40 people in multiple attacks across...

Nigeria Declares May 1 Public Holiday to Commemorate Workers' Day | Daily Report Nigeria
News

Nigeria Declares May 1 Public Holiday to Commemorate Workers’ Day

The Federal Government has declared Thursday, May 1, 2025, as a public...

EFCC Nabs Socialite E-Money Over Naira Abuse and Foreign Currency Defacement | Daily Report Nigeria
News

EFCC Nabs Socialite E-Money Over Naira Abuse and Foreign Currency Defacement

The Economic and Financial Crimes Commission (EFCC) has arrested Lagos socialite Emeka...