Mr Jonathan said the industrial deficit is not merely an economic concern but also an increasing strategic security concern.
Brent crude futures fell $1.16, or 1.23 per cent, to $93.23 a barrel while U.S. West Texas Intermediate crude declined $1.55, or 1.78 per cent, to $85.51 a barrel.
Information minister Mohammed Idrisvhas cautioned against calls to restore the petrol subsidy.
The federal government has signed a sub-lease agreement to restore and fully operationalise the Delta Steel Company, now Premium Steel and Mines Limited, Ovwian-Aladja, Delta.
The free delivery initiative adds another dimension to the refinery’s impact on the downstream sector.
The secretary of the Butchers Association, Dei-Dei market, Yaqub Abdullahi, said the recent reduction in petrol prices had yet to translate into lower transport fares.
Mr Olabiyi-Agoro succeeds Festus Osifo, who served as the association’s national president for six years.
Mr Duke accused the Tinubu administration of implementing economic policies that enriched government coffers rather than the people.
Mr Okezie said withdrawing licences from companies making genuine efforts could hurt shareholders and investors whose funds remained tied up in affected firms.
Bitcoin rose by seven per cent on Friday and 23 per cent this week to $77,380, while gold is up 13 per cent in August.
