Home / News / PIB: Osinbajo tasks stakeholders to produce enough oil at cheaper costs

PIB: Osinbajo tasks stakeholders to produce enough oil at cheaper costs

Vice President, Yemi Osinbajo, SAN, has urged stakeholders within the oil business to search out and agree on cheaper means of manufacturing oil within the nation.

Osinbajo additionally stated that there’s want for stakeholders within the sector to agree on easy methods to create a extra aggressive surroundings and likewise maximize alternatives within the oil and gasoline business.

🎴Read Also▶️
First Footage Of The World's Rarest Species Of Gorillas With Infants In Nigeria

The vice chairman stated this at a digital assembly on the Petroleum Trade Invoice (PIB) with stakeholders within the business beneath the auspices of the Oil Producers Commerce Part (OPTS) in Nigeria, and Unbiased Petroleum Producers Group (IPPG) on Tuesday.

His spokesman, Laolu Akande, disclosed this in an announcement on Wednesday.

🎴Read Also▶️
Presidency Speaks On Buhari Holding APC NEC Assembly In Aso Rock

Osinbajo stated, “We have to agree on phrases that can give us a extra aggressive surroundings.

“We should always discover a method of manufacturing oil cheaper on the largest quantity attainable given the circumstances and way forward for oil itself, and naturally, given our necessities and desires.”

The brand new PIB was offered to the Nationwide Meeting by President Muhammadu Buhari in September final yr.

🎴Read Also▶️
Police gives detail on death of AIG Babas

It has already handed the second studying in each the Senate and the Home of Representatives.

The goal of the PIB is to foster sustainable growth in Nigeria’s oil and gasoline business.

PIB: Osinbajo duties stakeholders to supply sufficient oil at cheaper prices

About Hotgist

Check Also

Buhari hosts Sultan of Sokoto says his govt wont tolerate - Buhari hosts Sultan of Sokoto, says his govt won't tolerate ethnic, religious prejudice

Buhari hosts Sultan of Sokoto, says his govt won’t tolerate ethnic, religious prejudice

President Muhammadu Buhari on Thursday warned that stoking ethnic and non secular prejudices won’t augur …

Leave a Reply

Your email address will not be published. Required fields are marked *