Dr. Ifeanyi Ubah, the Chairman of Capital Oil Limited, on Thursday joined other stakeholders in the oil and gas sector to call on the Federal Government to urgently remove oil subsidy.
Ubah made the call during an interactive session with journalists in Lagos.
He also urged the government to ensure it built at least 10 modular refineries to complement the existing four in Nigeria.
The Capital Oil boss said government was still struggling to settle
outstanding subsidy claims in the face of the downturn in crude oil
price.
He said: “This is the best time to deregulate.
“Federal Government owes me over N11.9 billion in subsidy arrears since 2012.
“But because there is a Sovereign Debt Notes that covers the
subsidy debt, which is globally honoured, and I am confident it will be
paid soon.Eagle
No comments:
Post a Comment