Minister wants Oil Industry Probe televised live, worries over Misinformation

Minister of State for Petroleum Resources, Heineken Lokpobiri, said that the Oil Sector was bedeviled by a lot Misinformation.

The Minister made this known at an Interactive Session with Stakeholders to ‘Investigate the Alleged Economic Sabotage in the Nigerian Petroleum Industry’ on Wednesday, in Abuja.

“This Senate should do Nigerians a favour by televising the Proceedings of this Committee Live.

“This will do a whole lot of justice not only to the Senate but we in the Executive and Key Leaders in the Sector.

“Because of the fundamental nature of this Investigation that has to do with alleged Economic Sabotage with importation of Substandard Products into the Country, we urge the Senate to ensure we do a Live Broadcast,” he said.

He said Government was committed to ensuring that Local Industries and all Stakeholders in the Oil Sector were protected.

“We are committed to supporting Dangote Refinery; we are also supporting Modular Refineries and we have been resolving whatever Issues they had brought to our attention,” the Minister said.

Also speaking at the Investigative Hearing, Aliyu Suleiman, Chief Strategy Officer, Dangote Industry Limited, said the Refinery started full Production in March.

“Since then, we have processed about 50 million Barrels of Crude. We have produced about five million tons of Petroleum Products and these Petroleum Products have been sold in various parts of the Country,” he said.

Wale Edun, Minister of Finance and Coordinating Minister of the Economy, in his own remarks, said the increase in Crude Oil Production would stabilise the Country’s Foreign Exchange Market.

 

Credit NAN: Texts excluding Headline