Breaking News

Oil majors task FG on infrastructure development

By Udeme Clement
LAGOS—THE Federal Government has been called upon to increase its investment capacity in infrastructure development in the country if it must realise the much_talked about vision of becoming one of the 20 leading economies in the world by 2020.

Executive Secretary, Major Oil Marketers Association of Nigeria, MOMAN, Mr. Femi Olawore, gave who gave the advice in an exclusive interview with Vanguard, said that infrastructure development played a major role in economic growth and development of every nation.

Olawore said: “Government should ensure holistic development of needed infrastructure in the economy. Also, government must diversify the economy by moving from oil and gas industry to other sectors like agriculture, education and healthcare, in order to increase its revenue generation capacity. If you look at Nigeria at 50, you would realise that the oil we have is not a curse like some people may say. But government must be proactive in putting major infrastructures in place to achieve it vision.”

Reacting to incessant cases of pipeline vandalisation at different locations in the country, which Nigerian National Petroleum Corporation, NNPC, is complaining about, he said that NNPC must protect its Right of Way, ROW, by ensuring that people are not allowed to build houses very close or on top of the petroleum pipelines.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.