TheNigerianVoice Online Radio Center

REPS PLAN SUMMIT ON OIL SECTOR CRISIS

By NBF News
Listen to article

THE House of Representatives Committee on Petroleum (Down Stream) yesterday announced plans to convene an all-stakeholders' summit on the problems bedeviling the petroleum sector.

At a press conference at the National Assembly, Chairman of the Committee, Paterside Dakuku, said the summit slated for March 28, 2012 would be useful in addressing the problems in the petroleum sector, adding that until deregulation was embraced, the sector would continue to have problems.

He lamented that even though Nigeria was theĀ  eighth largest exporter of crude oil and 12th largest producer of crude, it still ranked very prominent among countries still importing refined petroleum products.

He ruled out the possibility of a clash between his committee and the Nuhu Ribadu-led Task Force on petroleum industry.

According to the committee, the summit could also provide materials for the Petroleum Industry Bill (PIB) even as he described the summit as the most strategic meeting to be convened in addressing the problems in the industry.

Also, the House of Representatives Committee on Aviation has charged the management of Federal Airports Authority of Nigeria (FAAN) to stop outages at the nation's airports.