(3 minutes read)
- President Muhammadu Buhari, who was on a trip to attend a United Nations meeting on environment in Kenya has returned to Abuja, skipping his planned visit to the UK for medical purposes
- This was revealed by the President’s office on twitter. President visited Nairobi to participate in the 50th anniversary of the United Nations Environmental Programme (UNEP)
- It was reported that President Buhari was to proceed to the United Kingdom for a two-week medical check-up.
President Muhammadu Buhari, who was on a trip to attend a United Nations meeting on environment in Kenya has returned to Abuja, skipping his planned visit to the UK for medical purposes. This was revealed by the President’s office on twitter. President visited Nairobi to participate in the 50th anniversary of the United Nations Environmental Programme (UNEP).
It was reported that President Buhari was to proceed to the United Kingdom, for a two-week medical check-up. Buhari, while in Kenya met with Mr Ibrahim Thiaw, Executive Secretary of the UN Convention to Combat Desertification (UNCCD). He discussed with the UNCCD chief steps needed for arresting desertification of the West African country. He underscored the need for collaboration between the Ministries of Environment, Water Resources, Agriculture and Rural Development and Power of Nigeria and the UN organization to combat desertification.
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It is still not clear whether the President would visit the UK at a later date or the reasons for postponing the trip. The Russia-Ukraine conflict has led to skyrocketing oil prices. Brent crude reached US$ 113 per barrel a few days ago. While the firming up of the prices of oil would help the Nigerian economy, there is an acute shortage of petrol in Nigeria given that the country has been importing refined oil from other destinations, due to lack of refining capacity. This has led to a huge shortage of oil in the country and subsequent black market. The difference between the official price and black market price for petrol is close to three times.
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Nigeria is strategizing to create capacities for local refining of oil. It has recently called for foreign investment in the refining sector in a large way by offering incentives. It is reported that some of the large global oil companies have shown interest in investing in the refining sector.
