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

    Seplat Energy joins Extractive Industries Transparency Initiative as Supporting Company

      BY SAM OTUONYE Nigeria’s leading indigenous energy company, Seplat Energy Plc, in 2024, became a...

    OAP Lolo – Sex workers downplaying value of hard work

    Omotunde Adebowale-David, often known as Lolo 1, is a Nigerian media figure who has...

    Belgium: Gent is negotiating new contract with Super Eagles defender

    Jordan Torunarigha, a defender for Nigeria, is negotiating a new contract with KAA Gent,...

    Bruno Fernandes was named Premier League’s best player,  Nuno was named March Manager of the Month

    Manchester United’s midfielder, Bruno Fernandes, has been honored as the Premier League’s Player of...

    More like this

    Seplat Energy joins Extractive Industries Transparency Initiative as Supporting Company

      BY SAM OTUONYE Nigeria’s leading indigenous energy company, Seplat Energy Plc, in 2024, became a...

    OAP Lolo – Sex workers downplaying value of hard work

    Omotunde Adebowale-David, often known as Lolo 1, is a Nigerian media figure who has...

    Belgium: Gent is negotiating new contract with Super Eagles defender

    Jordan Torunarigha, a defender for Nigeria, is negotiating a new contract with KAA Gent,...