shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Deregulation: PPPRA Boss Drums Support

Deregulation: PPPRA Boss Drums Support

by Joshua
January 15, 2010
in Uncategorized

Even as government says that it is having a rethink about the commencement date for deregulation, newly appointed Chairman of the Petroleum Products Pricing Regulatory Agency (PPPRA), Dr. Ahmadu Ali, has appealed to Nigerians to support wholesale deregulation of the downstream sector of the petroleum industry.

Speaking during the handover ceremony between him and the out-going Chairman, Chief Rasheed Gbadamosi, Dr Ali argued that deregulation is the only way to curtail the ‘heavy drain’ on Nigeria’s resources due to the huge amount of money expended by government in the name of petroleum products subsidy, adding that when implemented, it will positively impact on Nigerians.
Canvassing for speedy passage of the Petroleum Industry Bill (PIB), the new PPPRA helmsman noted that part of the issues the PPPRA Board will be addressing is the need to create a conducive environment for enhancement of the nation’s refining capacity through private sector participation.
He however congratulated his predecessor; Rasheed Gbadamosi for the feats recorded in the downstream sector under his chairmanship, and pledged to build on those legacies towards the attainment of government’s reform agenda for the sector.

Responding, the outgoing Chairman called for total liberalisation of the downstream oil sector through deregulation, to eliminate the ills of the sector, even as he noted that the embarrassing experiences of long queues, black markets, products adulteration and smuggling of petroleum products had been effectively eliminated following the partial deregulation of the downstream sector, until recently when these anomalies reared their ugly heads again.
He listed some of the achievements which the sector witnessed between 2001 and 2008 to include: products availability nationwide; massive investments in downstream logistic facilities; greater participation by other stakeholders in products procurement, storage and distribution; as well as the creation of a level playing field.
According to him, other achievements included: employment generation; enhanced government revenue; value added service at pump stations; increased activities for the establishment of new refineries; as well as effective exercise of mediatory role among stakeholders for serenity in the industry.

 


Related Posts

International Customs Day:  C-G Restates Commitment To Mentor Young Officers For Effective Service Delivery

January 27, 2023
ONE To Acquire Three U.S. West Coast Container Terminals

ONE To Acquire Three U.S. West Coast Container Terminals

December 29, 2022
Shippers’ Council Collaborates With Institute On Training

Shippers’ Council Collaborates With Institute On Training

September 23, 2022
Dala Dry Port Has Potential To Service Cargo Needs Of Nigeria, Niger Republic –FG

Dala Dry Port Has Potential To Service Cargo Needs Of Nigeria, Niger Republic –FG

August 6, 2022

Discussion about this post

Latest News

Media Crucial To Nation Building- Channels TV Boss

January 27, 2023

Lekki Deep Seaport To Boost Non-Oil Revenue — NEPC

Military Destroys 39 Illegal Refineries, Apprehends Oil Thieves, Vandals

International Customs Day:  C-G Restates Commitment To Mentor Young Officers For Effective Service Delivery

FG Says Nigeria-Niger Republic Rail Project Critical To Both Countries’ Trade

FG To Establish Free Trade Zone In Ekiti -NEPZA Boss

ANLCA, Congratulates Newly Promoted Customs Officers, Charges Them To Add Value

NRC, Police Reiterate Commitment To Secure Nigeria’s Railways

Transportation Ministry Inaugurates Committee For Ondo, Benin Sea Ports

UK Cuts Tariffs On Nigerian Exports

Nigeria To Net $500m Revenues From Cashew Exports In 2023 — Minister

Lekki Port: Ensure Only Genuine Trade Partners Operate, Shipper Urges Govt.

kindly like our Facebook page

Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says
Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says

December 19, 2022

The World Health Organisation has said that the number of people estimated to have died as a result of living...

Health Benefits And Side Effects Of Bitter Leaf

Health Benefits And Side Effects Of Bitter Leaf

December 12, 2022
More Women May Die During Childbirth In West Africa — Report

More Women May Die During Childbirth In West Africa — Report

December 12, 2022
The Many Wonderful Uses Of Onions

The Many Wonderful Uses Of Onions

December 5, 2022
Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

December 5, 2022
COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

December 5, 2022
Panic As Monkeypox Spreads To 32 States, Cases Now 604

Panic As Monkeypox Spreads To 32 States, Cases Now 604

November 28, 2022
Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

November 28, 2022
Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

November 28, 2022
Infertility Red Flags Men, Women Should Not Ignore – Experts

Infertility Red Flags Men, Women Should Not Ignore – Experts

November 28, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition