Don't Ban Importation Of Generators Until,.... Chief Imam Of Egbaland Warns FG - THE ENCOUNTER NEWS

Breaking

Wednesday, July 29, 2020

Don't Ban Importation Of Generators Until,.... Chief Imam Of Egbaland Warns FG

Chief Imam of Egbaland, His Eminence Sa'adallah Bamigbola 

Michael-Azeez Ogunsiji 
ABEOKUTA - Federal government have been advised to refrain from the purported plan to ban importation of generators into the country until the power sector is fixed. 

The Chief Imam of Egbaland, His Eminence Sa'adallah Bamigbola disclosed this on Tuesday in Abeokuta, Ogun state capital while addressing journalists.

Imam Bamigbola in a press statement read by the Wakeel Musulumi of Yorubaland, Edo and Delta, Sheikh Iskeel Lawal Sugar said the plan to ban importation of generators would only encourage smuggling of the products, calling on federal government to revive the power sector. 

The Octogenarian noted that, public-private driven initiative should be encouraged in generation and transmission of energy, saying constant electricity generation would reduce cost of production, increase employment and wealth creation. 

He equally advised the federal government to stop importation of petroleum products, as it will wreck the economy of the country. 

He added that, for Nigeria to experience buoyant economy from the global pandemic ravaging the world which brings about recession being experienced globally, the nation needs to work hard for her economic recovery by building more private refineries. 

"There is no doubt that our country is currently in a turbulent period following the global pandemic ravaging the whole world which brings about economic recession being experienced globally, particularly our dear country Nigeria. 

"For our country Nigeria to experience buoyant economy once again, we need to work hard for her economic recovery by building more private refineries. 

"NNPC must also be ready to be the off-takers for the refined products by supporting and buying their products by 60%. Through this, the repayment of the loans obtained for this project by the private refineries should be guaranteed by NNPC. 

"I am aware that licences have been issued to a good number of them, but they are yet to take off. It is only when we start refining the crude here in the country, that our external reserves will receive a boost."

No comments:

Post a Comment

Pages