No more cover-up in oil industry, new Senate petroleum committee chair warns

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Belgique Nouvelles Nouvelles

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The new Chairman of the Senate Committee on Petroleum Resources (Downstream) bemoaned the secrecy in Nigeria’s oil industry and called for a change.

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“Therefore, there is a need for Nigeria at least to know what is going on there, which we will do our own best,” Mr Sumaila said.Despite that oil accounts for 80 per cent of the Nigerian government’s revenues and 95 per cent of its foreign exchange earnings, the public knows only little of the financial accounts of the state-ownedSupport journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.

“Therefore, there is a need for us to put our heads together with all relevant stakeholders, at least to know where we are,” he added.“Quite alright, Nigerians are facing a serious challenge. Nigerians are not happy, and the government on their own part keeps telling us that we will soon get out from these challenges,” he said.

“First of all, we will study the situation and we will get the information from relevant agencies to see what we can do.”

 

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Belgique Dernières Nouvelles, Belgique Actualités