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| crude oil theft |
BENIN CITY—THE Chartered Institute of Personnel Management of
Nigeria, CIPM, has raised alarm that the daily theft in the oil sector is
affecting indigenous operators negatively.
It, therefore, urged the Federal Government to find solution to
the problem to encourage Nigerians who invested in the oil sector.
Speaking during the Oil and Gas Sector Human Resource Forum with the theme: “Reshaping the Future of Oil and Gas Sector in Nigeria: The Entry of Indigenous Companies”, in Benin City, Mr. Alexus Akwukwaegbu, lamented that about one quarter of the nation’s daily oil production got missing, saying that while expatriates might endure the situation the indigenous investors could not.
He appealed to the Federal Government to assist indigenous
companies in the sector by “giving indigenous operators incentives to refine
crude oil and distribute or export the finished products. That is to use the
indigenous operators to fill the existing void for petroleum products. We must
consume most of our products, that is the only way to develop, generate power
and create jobs.
“Only Nigerians will develop Nigeria. We must prepare and
empower our people by challenging their abilities in a tightly regulated
manner. Indigenous operators just like politicians will fail several times but
they will also rise several times and become stable.
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