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LequteMan
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Nigeria - Speaker of House of Representatives, Aminu Tambuwal, yesterday said despite the huge contribution of crude oil to Nigeria’s economy, earnings from crude oil have been largely unaccounted for, Leadership reports.
“In Nigeria, though crude oil has contributed largely to the economy, the revenue has not been used and accounted for,” Tambuwal declared in his opening remarks.
Tambuwal said that continued diversion of crude oil, bunkering and vandalism of oil pipelines constituted major sabotage to the nation’s economy.
He called for appropriate production and export policy crucial for the growth of the sector.
Tambuwal made the disclosure while declaring open an investigative public hearing on an alleged diversion of crude oil deposit at Stubbs Creeks Marginal Fields in Akwa Ibom by Universal Energy Resources Limited.
#Nigeria #Leadership #Tambuwal
“In Nigeria, though crude oil has contributed largely to the economy, the revenue has not been used and accounted for,” Tambuwal declared in his opening remarks.
Tambuwal said that continued diversion of crude oil, bunkering and vandalism of oil pipelines constituted major sabotage to the nation’s economy.
He called for appropriate production and export policy crucial for the growth of the sector.
Tambuwal made the disclosure while declaring open an investigative public hearing on an alleged diversion of crude oil deposit at Stubbs Creeks Marginal Fields in Akwa Ibom by Universal Energy Resources Limited.
#Nigeria #Leadership #Tambuwal
