Goodluck Jonathan
In January last year, I had cause to brief our nation
on my determination to sanitize the oil industry in
order that it would be run in a most businesslike
manner such that Nigeria receives value for her
God given resources and investments. I had earlier
taken strong action with regard to the power
sector. The goal was to arrive at the destination of
self-sufficiency where waste and inefficiency is
eliminated and electricity is available to meet the
needs of our citizens.
I have received briefings that previously closed
petroleum depots have been reopened or are
about to be reopened nationwide and as at today,
our domestic refining capacity has peaked at over
10 million liters per day which is our highest level
in decades. Nigeria is now is on the road to
meeting her fuel consumption needs domestically.
Simultaneously, I have also received encouraging
reports on the progress made in bringing suspects
found wanting during the fuel subsidy probe to
book and in accordance with the rule of law.
Two weeks ago, I hosted the Presidential Power
Reform Transactions Signing Ceremony. The five
power generation companies that emerged
successful in the bidding process of the
privatization of the sector received their
certificates and are set to run their companies in a
way as to guarantee electricity for domestic and
industrial use even as the world is celebrating the
transparent bidding process that culminated in the
signing.
I want to assure you my friends that
we shall put the darkness of these past decades
behind us in no distant time. We shall only keep a
forward movement in the critical sectors of our
economy and may Almighty God help us all. GEJ