Bamidele gave this assurance in an interview with newsmen on the sidelines of the Oil Technology Conference in Houston, Texas, on Friday.
“The Senate is working to ensure that more private-sector players are licensed to own and operate refineries.“In addition to licensing new refinery operators, the Federal Government and Senate are working to ensure that the existing refineries are turned around with repairs and replacement of parts carried out where necessary.
By enhancing local refinery capacity, the Senator said that the country could reduce its dependence on fuel imports, leading to a potential decrease in petrol prices. He pointed out that no country could meet its energy needs by having a single entity; importing its petroleum product needs.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fuel scarcity will soon be over, Senate leader assures NigeriansThe Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Fuel subsidy, a monster that deprived Nigerians myriad of social amenitiesThe Minister of Information and National Orientation, Alhaji Mohammed Idris, has said that the erstwhile fuel subsidy was a monster which had deprived Nigerians of a myriad of social amenities.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
IMF: Fuel subsidy removal will benefit poor NigeriansA Trusted Nigerian Newspaper
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »
Fuel scarcity planned to set Nigerians against Tinubu, says groupThe Nation Newspaper Fuel scarcity planned to set Nigerians against Tinubu, says group
Source: TheNationNews - 🏆 6. / 69 Read more »
“Fuel queues will be cleared by Wednesday” – NNPCL assures NigeriansA Trusted Nigerian Newspaper
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »
Fuel scarcity: Save Nigerians from untold hardshipThe South West chapter of New Nigeria People's Party (NNPP) has advised the federal government led by President Bola Ahmed Tinubu to save Nigerians from untold hardship they are currently facing as a result of the fuel scarcity. The party made this declaration via a statement signed by its Public Relations Officer, Mr Kilamuwaye Badmus.
Source: DailyPostNGR - 🏆 11. / 59 Read more »