Senate Urges FG To Privatise Ailing Refineries

The Senate has advocated for the privatisation of inactive oil refineries under Federal Government ownership.

Senator Sani Musa, who chairs the Senate’s Finance Committee (APC Niger East), issued this call in Abuja on a Saturday while engaging with journalists regarding Nigeria’s future, 63 years post-independence.

He emphasized that, in terms of turnaround maintenance, the refineries have essentially become a severe financial burden for the government.

“For me, my candid advice to the Federal Government on the nation’s apparently moribund oil refineries is for them to be privatised .

“Proceeds from such privatisation should be sunk into the mining sector for jobs creation for the teeming Nigerian youth who are roaming the streets on a daily basis.

“The youth constitute 70 per cent of Nigeria’s population and must be made to be productive, which is doable if the mining and agricultural sectors are repositioned for that.

“ The Not-Too-Young-To-Run opportunity given to the youth in the political terrain should be practically extended to the realm of innovation by providing them with a conducive environment and enablement to innovate as it is, in most developed countries,” Musa said.


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