Nige­ria may be­come net im­porter of crude oil -Ex­perts

Daily Trust - - NEWS - By Musa Ab­dul­lahi Kr­ishi

Ex­perts in the oil and gas sec­tor have warned that Nige­ria may be­come a net im­porter of crude oil in view of the on­go­ing de­struc­tion of oil in­stal­la­tions in the Niger Delta re­gion.

The ex­perts, who spoke at a stake­hold­ers’ round­table on the peren­nial fuel scarcity in Nige­ria or­ga­nized by the House of Rep­re­sen­ta­tives Com­mit­tee on Civil So­ci­ety Or­gan­i­sa­tions and De­vel­op­ment Part­ners yes­ter­day, said un­less an ur­gent ac­tion was taken, the coun­try may be in for a big­ger prob­lem.

In a key­note ad­dress, the chair­man of the board of the En­ergy In­sti­tute of Nige­ria, Mr. Osten Olorun­sola, said for Nige­ria to move for­ward from the stag­na­tion caused by over-re­liance on oil, the coun­try must avoid be­ing stuck with past par­a­digms.

Declar­ing the event open, Speaker Yakubu Dog­ara, who was rep­re­sented by his deputy, Yus­suf Suleiman La­sun, said the House was con­cerned about the peren­nial fuel scarcity, and as a way of find­ing so­lu­tion to it, de­cided to or­ga­nize the round­table.

The chair­man of the com­mit­tee, Rep Peter Ak­pata­son (APC, Edo), said due to the ad-hoc and non­sus­tain­able na­ture of most of the mea­sures adopted in the past, the prob­lem of fuel scarcity had be­come per­sis­tent.

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