Featured Gas Oil

Independence : Expert wants wholistic reform in Petroleum Industry

Mr Chinedu Onyeizu, an Energy expert has called for wholistic reform in the Petroleum Industry to drive development in the country.

Onyeizu made this known in an interview in Abuja on Tuesday.

Onyeizu a former APC senatorial aspirant noted that as the country marks its 59th independence, it was an opportunity for it to look at the sector and champion reforms that would drive economic growth.

He said that government must adopt the best strategy to achieve liquid energy independence.

Liquid energy are all forms of liquid energy such as Petrol, Diesel , Jet oil and they constitute the bulk of what is subsidised by government

“The Federal Government should focus on a wholistic reform of the Nigerian petroleum industry.

“It should draw up a realistic plan to liquid energy independence after which ideas on making Nigeria a global hub for related businesses could follow.

” With over 38 billion barrels of crude oil in reserves, we really should not be importing refined products.

“We can’t continue to remain a revenue line item for economic plan forecasts by countries that rely on how many tons of fuel we import on yearly basis,”he said.

 

Related posts

Bodo Vs Shell: British Lawyer Says Firm Complied with Community’s Instructions on Funds Disbursement

Our Reporter

FG’s savings bond records N13.5bn investment since inception – DMO

By Abisola THOMPSON

NCC directs telcos to shut down operations in Zamfara

Our Reporter

Oil prices crash to four-year low on China’s retaliation against US tariffs

Editor

AfDB gives South Sudan $43.5m to fight hunger

Editor

2023: Groups, Melaye descend on Keyamo, Tinubu over comments on Atiku

Our Reporter