A group, the Ndokwa Youths World-wide (NYWW), saysÂ government’s plan to commence deregulation of the downstream oil and gas sectorÂ must be carried out with adequate measures to cushion the effect on Nigerians.
AÂ statement signed by the NYWW president and secretary general, Comrade Friday Ossai Osanebi and Mr. Nzete Anselem, said their group would likeÂ to know howÂ the government would be able to curtail the excesses of the NNPC and other players in the oil sector under the deregulation regime.
The group explained that while itÂ supported deregulationÂ because lack of competition in the down stream sector of the industry which has stalled growth and affected job opportunities, itÂ must be a guided deregulation andÂ the interest of Nigerians should be put into consideration.
And that new refineries must be built to stop importation of petroleum products. It added that government must have done the dredging of the sea ports to reduce unnecessary demurrage by importers and issue a time frame for the stoppage of importation.
The group urged that before deregulation should begin, there must beÂ expansion of jetties for local products to come in unhinderedÂ and that the refineries fullyÂ operational forÂ efficiency.
Urge the federal government that if those pre-conditions are met or put in place, before deregulating the downstream will not work and they will be force to oppose the policy.
That deadline for the deregulation was not realistic since measures for cushioning the effect of the policy on the population had not been introduced, and advisedÂ the federal government not be in haste to implement the policy to avoid the adverse effect on the economy and the population , cause definitely it will tells on the masses and Nigerians generally.