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April 23, 2024

Forex crisis: There’ll be less pressure on naira against dollar if …— Oborevwori

Oborevwori

Oborevwori

By Ochuko Akuopha, ASABA

GOVERNOR Sheriff Oborevwori of Delta State, has expressed hope that there would be less pressure on the naira against the dollar if the country stops importation of petroleum products.

The Governor urged the Federal Government to hasten steps towards the revitalization of the country’s refineries so as to save the nation foreign exchange for fuel importation.

Oborevwori stated this when he received the Senate Ad-hoc Committee on Turnaround Maintenance of Nigerian Refineries led by Senator Ifeanyi Ubah at Government House, Asaba.

He said: “l have the full confidence that this Ad-hoc committee will do a very good job. I want to say it here that this assignment is not a jamboree; it is an assignment with seriousness and I believe that with your oversight function, the right thing is done, that our refineries are put in place.

“When this is done, the issue of fuel importation will be a thing of the past because it is causing us a lot and we are having challenges with forex.

“So if our refineries are working and things are going very well, it will also boost the economy of this country.

“I want to assure you of our support in Delta State. Any support you need to aid your oversight work, we are going to give you in Delta.”

Earlier, Senator Ubah explained the Ad-hoc Committee was in the state on oversight function to turnaround the nation’s refineries.

“We are here to look into the rehabilitation of our refineries, the issues surrounding crude oil theft, how we can maximise the output of our country’s crude oil and also how we can support issues that have to do with upstream, downstream, Niger Delta affairs and host communities of Niger Delta.

“So it is a holistic committee. As a tradition of the Senate, we felt that we must come to pay homage to you the Executive Governor. We were with the Governor of Rivers state few days ago and we are glad that you gave us the opportunity to come and see you.”