Okowa expresses support for FG’s Oil sector reforms

 Delta State Governor, Dr. Ifeanyi Okowa has thrown his weight behind the reforms being carried out by the Federal Government in the oil sector.

Speaking when he received the management of Warri Refinery and Petro-Chemical Company (WRPC) led by the company’s Chief Operating Officer (Refineries), Mr. Anibor Kragha Wednesday (18/05/16) in Asaba, the Governor observed that though, the reforms would cause immediate pains for Nigerians, the long-term benefits cannot be quantified.

Governor Okowa and Mr. Kragha

According to him, “if the refineries succeed, Nigeria succeeds, and different states succeed because the importation of fuel has impacted negatively on the revenue of government; all the state governments are in support of the liberalisation of down-stream oil sector of the economy because, we are caught in the web as the price of oil is very low and there are no foreign exchange to continue to import fuel.

“I sympathize with all Nigerians, we did not anticipate this situation, I believe the Federal Government will find ways to cushion the effects of the liberalisation but, above all, there are lessons to be learnt from the situation; we need to diversify our economy as quickly as possible,” he stated, adding, “the restructuring of the Nigeria National Petroleum Corporation (NNPC) and the liberalisation of the down-stream oil sector if followed through thoroughly will impact positively on the economy and create jobs for the citizenry.”

Governor Okowa used the occasion to decry activities of pipeline vandals, observing that while such had negative effect on the environment and the resources of the country, activities of economic saboteurs have affected negatively the oil production.

He said, “an advocacy committee led by the Deputy Governor is currently on sensitization visit to oil-bearing communities for the people to protect the piplelines and government property in their areas.”

The Governor called for partnership between his administration and WRPC to tackle the menace of tankers on the roads, disclosing that though, the state government has provided a park for the tankers, it has been observed that it could only accommodate about 20 per cent of the tankers which has given room for a bigger park to be constructed.

Earlier, Mr Kragha thanked Governor Okowa’s administration for its commitment towards providing the enabling environment for business to thrive in the state.