Senate vows to expose economic saboteurs in petroleum sector
The Senate has vowed to expose saboteurs in the petroleum sector and those responsible for the importation of toxic fuel into the country.
The Senate Ad-Hoc Committee mandated to Investigate the Alleged Economic Sabotage in the Nigerian Petroleum Industry, made this assertion during a news conference on Thursday in Abuja.
The Chairman of the Ad-Hoc Committee, Senator Opeyemi Bamidele, Ekiti Central who is also the Majority Leader of the Senate, read the text at the news conference, alongside all members of the panel.
“We are taking this task seriously to address fundamental issues that pose grave threats to our economic prosperity, fiscal stability, and public health as a federation.
“In line with our mandate, we will unravel the roots of economic sabotage in Nigeria’s petroleum industry and make necessary recommendations that will entrench global best practices in the industry and open it up for more investments, especially in the midstream and downstream sectors”.
He expressed the determination of the committee to also carry out the national assignment without fear or favor.
President of the Senate, Senator Godswill Akpabio had said that these activities have undermined investors confidence, distorted market operations, and exacerbated the country’s economy.
Senator Akpabio had charged the Committee to collaborate with relevant agencies, industry experts, and stakeholders to uncover the root cause of the economic sabotage activities. Identifying the perpetrators, their methods, and their networks.
Reporting by Zaccheaus Babalola
