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Refineries Key to Nigeria’s Forex Crisis- Oborevwori

Delta State Governor, the Right Honourable Sheriff Oborevwori, emphasized that reactivating Nigerian refineries could conserve foreign exchange spent on importing fuel.

He conveyed this message during a meeting with the Senate Ad-hoc Committee on Turnaround Maintenance of Nigerian Refineries, chaired by Senator Ifeanyi Ubah, at the Government House in Asaba. Governor Oborevwori underscored that eliminating petroleum product imports would alleviate pressure on the naira against the dollar and urged the Federal Government to swiftly revitalize the country’s refineries.

He said: “I am happy that you people are here today.  I can see some of my good friends that we served together as Speakers.

“I have the full confidence that this Ad-hoc committee will do a very good job. I want to say it here that this assignment is not a jamboree; it is an assignment with seriousness and I believe that with your oversight function, the right thing is done, that our refineries are put in place.

“When this is done, the issue of fuel importation will be a thing of the past because it is causing us a lot and we are having challenges with forex.

“So if our refineries are working and things are going very well, it will also boost the economy of this country.

“I want to assure you of our support in Delta State. Any support you need to aid your oversight work, we are going to give you in Delta.”

Earlier, Senator Ubah said the Ad-hoc Committee was in the state on oversight function to turnaround the nation’s refineries.

“We are here to look into the rehabilitation of our refineries, the issues surrounding crude oil theft, how we can maximise the output of our country’s crude oil and also how we can support issues that have to do with upstream, downstream, Niger Delta affairs and host communities of Niger Delta.

“So it is a holistic committee. As a tradition of the Senate, we felt that we must come to pay homage to you the Executive Governor.  We were with the Governor of Rivers state few days ago and we are glad that you gave us the opportunity to come and see you.”

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