Oil Sector Needs Deregulation - Gov.Abiodun - THE DAILY CRUCIBLE

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Wednesday, November 6, 2019

Oil Sector Needs Deregulation - Gov.Abiodun


 
Dapo Abiodun of Ogun State  has stressed the need for the deregulation of the nation's petroleum sector to make fund available for the provision of basic amenities to the people.
 
Abiodun who made this known when he received members of the Depot and Petroleum Marketers Association of Nigeria (DAPPMAN) in his office at Oke-Mosan, Abeokuta  on Wednesday, said it was becoming increasingly difficult to generate enough revenue  to provide basic infrastructure without deregulating the oil sector.

The successful entrepreneur and oil maganate identified the deplorable condition of roads to be the biggest problem confronting Nigerians, saying his experience during campaigns across the state for the 2019 general elections attested to that fact.

"In the course of my campaign, we realized that the biggest problem that our people have is the state of our intra-city and township roads. That is the biggest problem.
 
"We can actually embark on deregulation and the savings which will be about a trillion Naira and if these savings are put into road infrastructure, the citizens of Nigeria will appreciate it.
 
"If you just fix roads in this State and do nothing else, our people will be happy because it facilitate every other thing. If people can move from Point A to point B, they can transport their children to school, can move their products and produce to markets and go to work on good roads, they will happy.
 
"NNPC showed some numbers that arose from the border closure that the consumption of fuel has dropped from 56 to 53 million litres daily. It shows that we have achieve very little. When you look at the N145 charge in Nigeria and the N320 that is charged in the neighbouring country, there is more than enough to go round to compromise everybody, so we cannot continue to deceive ourselves; we must do something about it."
 
He lauded the Association for its commitment to national development, and called for partnership in the area of advice to ensure that the system continues to work.
 
He also used the opportunity to call on members of the Association to come and invest in the State. 

According to him, Ogun  State is a factor in the supply and distribution chain, as it is a host to one of the NNPC biggest depots in the country with gas pipelines crisscrossing the length and breadth of the State.
 
Earlier, the Chairman of North West Oil and leader of the team, Mrs. Winifred Akpani, called on the Governor to ensure that the deregulation of the oil sector as the poor people do not in reality benefit from subsidy.
 
She said the Association was in the State to see areas where it would partner government and to congratulate the Governor, who was the Chairman of DAPPMAN, on his election. She added that the State was lucky to have a man who has proven to be good manager of human and material resources.

From Ayobami Ife, Abeokuta

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