Various operators, who spoke at the opening session of the 2019 Nigeria Oil & Gas conference in Abuja called on the industry ”to speak up with one voice against the continued payment of subsidy on petroleum products.”
“The oil industry absolutely needs to challenge and champion the debate on subsidy removal. Politicians want to win votes at all costs. But, there is long-term damage to our country’s economy and the oil and gas industry with the continuous payment of petroleum subsidy. We need to ensure the subsidies are halted,” Mr Tinubu said.
“The industry must have a voice on this matter, rather than accept what the politicians are saying. The industry has a voice that needs to be heard,” he said. Earlier, the representative of the President/Chief Executive Officer, Nestoil PLC, Ernest Azudialu-Obiejesi, urged the industry to refocus its attention on the utilisation of the huge gas resources in the country.
Mr Baru, who declared the conference open, acknowledged the challenges in the industry, and said “the balance of objectives between challenges and opportunities in oil demand growth requires a paradigm shift in business model.”
After highlighting all d problems and not suggesting any practical solution, he goes on to still say subsidy must stop😂🤣😂😂😂😂