The Nigerian Labour Congress (NLC), Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Independent Petroleum Marketers Association of Nigeria (IPMAN), have all lauded the Nigerian National Petroleum Corporation (NNPC), following it measures taken to revive refineries and to build greenfield refineries.
According to them, the measures will curb fuel scarcity, guarantee existing jobs in the refineries and create fresh employment opportunities. Besides, they maintain that the multiplier effects will trigger an expansion in the circular flow of income.
Without the passage of the Petroleum Industry Bill (PIB), the construction and operation of greenfield refineries will be pretty difficult. All the licensees want to be sure of how they will recoup their investments.
The government has no business in doing business. Therefore, the Federal Government will privatise the refineries after reaching an understanding with the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG).
This was always the alibi of the government for not establishing new refineries till early this year.
But now, even as the government is yet to pass the PIB into law, the music is changing gradually, especially now that the NNPC is to remain the sole importer of petroleum products.
The Presidency and its team in the NNPC are demystifying the impossibilities in the sector seamlessly. Both in action and words, the Group Managing Director of NNPC, Dr. Emmanuel Kachikwu has been demonstrating the readiness of his team to drive the corporation for the benefit of the citizenry.