By NAOMI UZOR
The Nigerian Association of Chambers of
Commerce, Industry, Mines and
Agriculture (NACCIMA), Saturday, urged
the Federal Government to sell off or
privatise the current local refineries in
the country while encouraging new
private refineries to be setup.
In a parley with pressmen on the New
Year press statement on the national
economy, the President of NACCIMA, Dr.
Ademola Ajayi, said the Federal
Government and relevant bodies
involved such as NNPC, NIPC BPE, etc
should sell off or privatise the current
local refineries in the country while
encouraging new private refineries to be
setup.
Warri Refinery
“We need to remind Government that
there is hope for a positive turnaround
for Nigeria in 2013. This is because our
association believes in dialogues,
partnerships and cooperation without
dereliction of our duty to call to attention
and where ever and whatever is
unfavourable to the economy and to
profitability of businesses” he said
He said there is need to avoid fuel price
increase and meanwhile, compile actual
quantities sold through petrol station
pumps and do all that would enable us
to compare with total claims of refineries
and ensure the speedy passage and
signing into law of the Petroleum
Industry Bill (PIB), which was first
submitted about six years ago to the
National Assembly.
Ajayi said government should be
determined to recover by legal means
funds such as the US$29 billion, which
the Ribadu-led committee was quoted as
recoverable payments from International
Oil Companies (IOCs), adding that the
recovered funds will help in the
development of the country.
He called on the relevant bodies to curb
the high propensity for borrowing from
abroad, except from International
Institutional Lenders such as IMF, ADB,
World Bank, IFC, etc, only for specific
developmental projects and accelerate
payment of local debts owed indigenous
businesses to enable expand, generate
wealth and create jobs. This, he said, is
only fair if treated with same attitude
shown in collecting debts owed
Governments.
On the issue of power, he said the cost
of electricity has become intolerable as
the bills have gone high despite the fact
that power is not constant. “You can say
that the cost of electricity must go up,
but that is when the electricity is
constant, when you don’t need your
private generators, then you can say the
price is reasonable, but when you spend
so much on electricity and also spend so
much on fuel or diesel then it is not
cheap or reasonable” he stated.


http://www.vanguardngr.com/2013/01/sell-off-or-privatise-local-refineries-naccima-to-fg/

This man get plans. He don dey eye one of d refineries abi some people pay am 4 dis propaganda.