• Privacy Policy
  • Terms
  • About us
  • Contact Us
Monday, February 6, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Stable petrol supply excites Buhari

The Matters Press by The Matters Press
December 14, 2018
Reading Time: 3 mins read
0
Stable petrol supply excites Buhari

Petrol tankers

Petrol tankers

President Muhammadu Buhari has lauded the leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) for ensuring stable and smooth supply of petroleum products nationwide.

RELATED POSTS

NECA fears further crashing of fragile economy

Ministry, ICRC in talks to revitalise FG’s properties abroad

FCT residents allege banks’ hoarding, selling of banknotes

The President made the commendation in Abuja on Thursday when he received the leadership of the NUPENG, led by its National President, Mr Williams Apkoreha, who paid him a courtesy visit at the Presidential Villa, Abuja.

He specifically expressed appreciation to the union for its unflinching support to his administration over the last three years, noting that he had been regularly receiving feedback on the union’s positive and constructive engagements with government.

Buhari, who expressed the belief that the petroleum industry should be reformed in the best interest of Nigeria and Nigerians, however, cautioned that such reforms should not be rushed.

“No doubt, your support has contributed to the continued uninterrupted supply of products to consumers across the country in the last three years.

“May I, therefore, use this opportunity to request that you continue on this patriotic path while assuring you of government’s support to the course of the Nigerian workers at all times.

“I fully agree with you that reforming the Petroleum Industry will unlock numerous untapped potentials for the nation. However, these reforms must be well thought out and must have the best interest of Nigeria and Nigerians as its core objective.’’

ALSO READ  Fuel scarcity: Long queues resurface in Abuja

Such reforms, he said could not be rushed, if we must get it right.

Nigerians were still suffering from the effects of many legacy policies that were rushed and passed without fully appreciating the consequences the provisions embedded in them.
“Whatever decision we take now will impact either negatively or positively on generations to come,’’ he said.

On the Petroleum Industry Bill, the President observed that the bill was conceived to ensure that Nigeria’s future generations were positively impacted by the country’s oil wealth, saying that it was never about short-term gains.

President Buhari expressed the hope that at the end of the ongoing dialogue on the petroleum industry bill the country would have a bill that it would be proud of.

The President expressed reservation over the Public Private Partnership approach adopted to rehabilitate the nation’s existing refineries, observed that the the approach had taken longer than expected.

He said: “However, I am aware that the NNPC has concluded the process for selecting the private sector partners that will rehabilitate the refineries.

“I am informed that they are working out finances and hopefully, work will commence soon.’’

ALSO READ  Only enrolled pensioners will be paid- PenCom

President Buhari pledged that his administration would continue to support innovative ideas that would attract investments for the setting up of new refineries in the country.

He, therefore, urged the Union to make suggestions on how best to move the nation’s petroleum industry forward.

“As one of the architects of the Nigeria Contents Monitoring and Development Act, l am sure NUPENG members appreciate that a key principle of this act is the indigenisation of certain processes and production functions.

“Indigenisation means local value addition leveraging local resources where possible. The Act specified minimum local content requirements, including manpower, for all projects and contracts in the oil and gas industry.

“The Nigerian Content Development and Monitoring Board is fully empowered to ensure compliance. l will direct the Minister of State Petroleum Resources to review the issues you have raised and take appropriate action to ensure compliance with the Act by operators in the industry.’’

The President revealed that his administration was working hard to make business environment easier and friendlier for both local and international investors.

He maintained that it was a collective duty by the government and other stakeholders to provide constructive guidance to enhance operations of investors in the oil and gas sector.

“Therefore in drafting any petition, I would ask that your submissions are supported with facts,’’ he added.

ALSO READ  Planned subsidy removal, hike in petrol price irk NLC

On security in the Niger Delta, the President noted that pipeline vandalism had declined, and pledged that government would continue to promote peaceful engagement with the communities while at the same time maintain its readiness to respond to any hostile acts of sabotage.

The President expressed appreciation to the Union for conferring on him the title of `GRAND COMRADE of NUPENG’ and assured that his administration will not relent on its drive to create an inclusive, diversified and peaceful Nigeria.

Earlier in his remarks, Apkoreha had commended the Buhari administration for pulling out the country out of economic recession.

He said: “If no other acknowledges it, we wish to formerly affirm it and we are very proud of your unparallel achievement of pulling our country out of recession silently and rigorously laying sound foundation for a new Nigeria of fiscal discipline and prosperity for all.

“Your administration’s practical steps in bridging the wide gap between the rich and the poor in the country through various initiatives such as Trader Moni, support for farmers, embargoes on luxury/ostentatious goods, TSA, school feeding etc have gone a long way in alleviating poverty in the country.”

According to him, NUPEND stands with the President in the areas of infrastructural development and in almost all sectors of the national life.

Tags: Petrol
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

NECA on how to address Nigeria’s economic challenges
Economy/Technology

NECA fears further crashing of fragile economy

February 6, 2023
Nigeria moves to review ICRC Act
Economy/Technology

Ministry, ICRC in talks to revitalise FG’s properties abroad

February 6, 2023
Experts validate Nigeria’s implementation strategies for success under AfCFTA
Economy/Technology

FCT residents allege banks’ hoarding, selling of banknotes

February 6, 2023
New Naira notes unavailable even as CBN campaigns for acceptance
Economy/Technology

Entrepreneurs count losses over scarcity of new Naira notes

February 6, 2023
Bids roll in for Ajaokuta Steel Company
Economy/Technology

Cash crunch crashes food prices

February 6, 2023
A transformed fertilizer market is needed in response to the food crisis in Africa
Economy/Technology

Foundation ready to sustain gains of PBR cowpea

February 6, 2023
Next Post
SON alerts on second hand gas cylinders

SON alerts on second hand gas cylinders

ECOWAS clamours for free movement

ECOWAS clamours for free movement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

Council seeks incentives to boost indigenous ship operations

22 ships discharge products at Lagos ports

September 20, 2022
Council seeks incentives to boost indigenous ship operations

21 ships discharge products at Lagos ports

August 24, 2022
Celebrities rally support for Buhari

Buhari leaves for Saudi Arabia to attend OIC meeting

May 29, 2019

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • NECA fears further crashing of fragile economy
  • Ministry, ICRC in talks to revitalise FG’s properties abroad
  • FCT residents allege banks’ hoarding, selling of banknotes

Categories

  • Economy/Technology
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?