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Nairaland Forum / Nairaland / General / Politics / FG To Set Deadline For NNPC, Refineries’ Privatisation (647 Views)
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FG To Set Deadline For NNPC, Refineries’ Privatisation by Kingzy4pep(m): 8:47am On May 20, 2016 |
The Federal Government has said it will set
a time frame for the privatisation of the
Nigerian National Petroleum Corporation
and the refineries before the end of this
year.
As part of the deregulation of the
downstream oil and gas sector, the Special
Adviser to the President on Economic
Matters, Dr. Adeyemi Dipeolu, said the
government would set a deadline for the
country to be self-sufficient in refined
petroleum products and become a net
exporter of same.
Speaking at the Nigeria-South Africa
Chamber of Commerce breakfast meeting in
Lagos, Dipeolu highlighted the importance
of value addition to crude oil before
exportation.
Former President Olusegun Obasanjo had
recently advised the Federal Government to
privatise the NNPC to end what he termed
as the monumental fraud in the oil sector.
Obasanjo had said he would have
privatised the company 20 years ago if he
knew that it was going to be used as a
platform to siphon public funds by
succeeding administrations.
As part of the government’s strategic
implementation plan, Dipeolu stated, “We
need to pay attention to goods being
manufactured here and improve the
manufacturing capacity of Nigerian
companies.
“The first step to industrialisation of Nigeria
has to be agro-allied so that the raw
materials will be available for the
manufacturers.”
Speaking on the reforms that Nigerians
should expect in the agricultural sector, he
said the government’s focus this year was
to achieve sustainability in tomato paste
production, adding that rice sufficiency
would be the target in 2017, while local
production of wheat would be the focus in
2018.
In addition, the special adviser said the aim
of the government was to improve the
country’s ease of doing business ranking by
20 places.
The 2016 World Bank report placed Nigeria
as number 169 among 189 countries in its
ease of doing business ranking.
However, Dipeolu stated that the plan was
to attain the 149th position through the
implementation of fast-track measures for
business approvals; visa application and
issuance processes; and land title
acquisition, among other bottlenecks that
businesses face in the country.
http://www.punchng.com/fg-to-set-deadline-for-nnpc-refineries-privatisation/ |
Re: FG To Set Deadline For NNPC, Refineries’ Privatisation by santakris(m): 8:50am On May 20, 2016 |
Nice step. Enough is enough. I also pray it won't end up like NEPA. |
Re: FG To Set Deadline For NNPC, Refineries’ Privatisation by Nobody: 8:56am On May 20, 2016 |
Sai Buhari @ N145/per litre, the state has hands-off management of the mis-firing agencies (NNPC & its sisters) We dont need PIB sef |
Re: FG To Set Deadline For NNPC, Refineries’ Privatisation by 989900B: 8:57am On May 20, 2016 |
Should have done so since May 29, 2015. |
Re: FG To Set Deadline For NNPC, Refineries’ Privatisation by Ebubeslym(m): 8:59am On May 20, 2016 |
Its all about the Oyel. |
Re: FG To Set Deadline For NNPC, Refineries’ Privatisation by playtheblues(f): 9:06am On May 20, 2016 |
So you bough OBJ's out-dated privatisation idea? You are OYO. |
Re: FG To Set Deadline For NNPC, Refineries’ Privatisation by Kingzy4pep(m): 9:15am On May 20, 2016 |
989900B:Exactly. 1 Like |
Re: FG To Set Deadline For NNPC, Refineries’ Privatisation by divinehand2003(m): 10:08am On May 20, 2016 |
Good move. Though coming late. Time waits for no one. Sell these wasteful baskets out fast. |
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