The Senate has called for the privatisation of moribund oil refineries owned by the Federal Government.
This call was made by the Senate through its committee on Finance, chaired by Senator representing Niger East and a member of the All Progressives Congress, Sani Musa.
Musa made the call in Abuja on Saturday while fielding questions from journalists on the way forward after the celebration of the country’s 63rd Independence anniversary.
According to him, the refineries have more or less turned into bottomless pits for the government as far as turnaround maintenance was concerned.
“For me, my candid advice to the Federal Government on the nation’s apparently moribund oil refineries is for them to be privatised.
“Proceeds from such privatisation should be sunk into the mining sector for jobs creation for the teeming Nigerian youth who are roaming the streets on a daily basis.
“The youth constitute 70 per cent of Nigeria’s population and must be made to be productive which is doable if the mining and Agricultural sectors are repositioned for that.”
Senator added, “The Not too young to run opportunity given to the youth in the political terrain should be practically extended to the realm of innovation by providing them with a conducive environment and enablement to innovate as it is, in most developed countries.”
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