- He emphasized that the refineries have become a considerable financial burden for the government
The Senate, via its Finance Committee chaired by Senator Sani Musa (APC Niger East), has advocated for the privatization of non-functioning oil refineries owned by the Federal Government.
Musa conveyed this proposal in Abuja on Saturday during a discussion with journalists regarding Nigeria’s trajectory 63 years post-independence.
He emphasized that the refineries have become a considerable financial burden for the government, particularly regarding the seemingly never-ending need for turnaround maintenance.
“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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