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Oil firm lauds FG on national issues

By Kayode Matthew
The Federal Govern-ment has been commended for its approach in handling matters of national importance which has brought stability in some strategic sectors of the economy.

An oil service firm, the Petroleum Products Monitoring Services Limited (PPMSL), in a statement yesterday, said the strict adherence to the Rule of Law as a cardinal objective of President Yar’Adua’s administration is an indication that Nigeria will surely get to her socio-political and economic Eldorado in no distant years.

The oil firm also commended the Federal House of Representatives for complying with the Rule of Law in its numerous actions particularly the recent part payment of debt owed PPMSL by the House.

According to the statement, “this singular act of the House has motivated Petroleum Products Monitoring Services Limited to continue to carry out its services of monitoring development in the oil sector.

“Reports turned in by PPMSL in this regard will continue to guide the House in carrying out its legislative duties in this important aspect of our national economy as previous reports of PPMSL have attracted the attention of the Federal Government leading to the establishment of the Niger Delta Ministry.”

It, therefore, urged the government to fully implement other recommendations of the firm stressing that, “there is need to effectively eliminate illegal petroleum products bunkering and deal decisively with other corruptive tendencies that have bedeviled our oil industry.”

It added that the fortunes of our oil industry and oil wealth will be enhanced by the cooperation of the presidency and the National Assembly with PPMSL as watchdog.


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