Senate President calls for efficient management of crude oil resources

chika ebuzor

November 4, 2016 5:18 AM

The Senate President said this while speaking on the importance of the oil community development bill.

Senate President, Bukola Saraki.

The Senate President, Bukola Saraki has said that the Senate is ready to do anything to ensure that Nigeria comes out of recession.

Saraki also said in order to bring the economy back on its feet, the effective management of crude oil resources is needed.

According to Punch, Saraki, through his Special Adviser on Media and Publicity, Yusuph Olaniyonu, said “For many years now, the PIB has been stalled at different stages for one reason or the other. At this point, the Senate is ready and willing to do everything that it takes to get Nigeria’s economy out of this recession and the efficient and effective management of our oil resources is a key component of this.

“Now that the legislation to provide a governance and institutional framework for the petroleum industry has passed the second reading, it is time to re-introduce the host community development legislation to address the legitimate agitations of the people of the Niger Delta.”

ALSO READ:FG drops forgery charges against Saraki, Ekweremadu

He also said the host community development bill when passed into law, will “address issues relating to community participation, security and the ecological debt incurred by host communities from oil extraction.”

The Senate President also condemned reports of rape and diversion of food items in Internally Displaced Persons (IDP) camps.

chika ebuzor