The Senate has urged the Federal Government to privatize non/functional refineries owned by the country.
Chairman, Committee on Finance chaired by Senator Sani Musa ( APC Niger East) made the request to President during a chit chat with newsmen on Saturday.
In his words, the refineries have become bottomless pit of expenses as far as maintenance and repairs we concerned.
“For me, my candid advice to the Federal Government on the nation’s apparently moribund oil refineries is for them to be privatised .
“Proceeds from such privatisation should be sunk into the mining sector for jobs creation for the teeming Nigerian youth who are roaming the streets on a daily basis.
“The youth constitute 70 per cent of Nigeria’s population and must be made to be productive, which is doable if the mining and agricultural sectors are repositioned for that.
The Not-Too-Young-To-Run opportunity given to the youth in the political terrain should be practically extended to the realm of innovation by providing them with a conducive environment and enablement to innovate as it is, in most developed countries,” Musa said.
