More
    HomeBusinessEconomy"Delta State Governor Advocates Reviving Refineries to Address Nigeria's Forex Crisis"

    “Delta State Governor Advocates Reviving Refineries to Address Nigeria’s Forex Crisis”

    Published on

    By Milcah Tanimu

    Delta State Governor, Sheriff Oborevwori, underscores the importance of revitalizing Nigeria’s refineries to mitigate the nation’s foreign exchange challenges linked to fuel imports. His remarks came during a meeting with the Senate Ad-hoc Committee on Turnaround Maintenance of Nigerian Refineries, led by Senator Ifeanyi Ubah, held at the Government House in Asaba.

    Oborevwori stresses that reducing reliance on fuel imports would alleviate pressure on the Naira against the Dollar, urging the Federal Government to prioritize refinery revitalization.

    He states, “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.” Oborevwori expresses confidence in the committee’s capability to address this crucial matter.

    Senator Ubah outlines the committee’s objectives, including refinery rehabilitation, combating crude oil theft, maximizing crude oil output, and supporting initiatives in the Niger Delta region. He assures the governor of their dedication to these tasks.

    In an interview, Senator Ubah expresses optimism that Nigeria’s refineries will be operational again before the year’s end, signaling progress toward resolving the country’s fuel-related challenges.

    Latest articles

    Power Generation Companies Warn of ₦6.2 Trillion Debt Crisis Threatening Nigeria’s Electricity Market Stability

      By Hosea Parah, Abuja Power generation companies in Nigeria have sounded a fresh warning over...

    E-money Reacts As Carter Efe Destroys Car He Gifted Him

    Nigerian businessman, Emeka Okonkwo popularly known as E-Money has cut ties on social media...

    TCN RETURNS SHIRORO- MANDO LINE 2 TO SERVICE

      The Transmission Company of Nigeria (TCN) has successfully returned the 330kV Shiroro–Mando Transmission Line...

    Tears As Channels TV Journalist Finally Buried In Adamawa

    Kani Ben, Channels Television’s Bauchi bureau cameraman and journalist has been finally buried in...

    More like this

    Power Generation Companies Warn of ₦6.2 Trillion Debt Crisis Threatening Nigeria’s Electricity Market Stability

      By Hosea Parah, Abuja Power generation companies in Nigeria have sounded a fresh warning over...

    E-money Reacts As Carter Efe Destroys Car He Gifted Him

    Nigerian businessman, Emeka Okonkwo popularly known as E-Money has cut ties on social media...

    TCN RETURNS SHIRORO- MANDO LINE 2 TO SERVICE

      The Transmission Company of Nigeria (TCN) has successfully returned the 330kV Shiroro–Mando Transmission Line...