A group under the aegis of South-south Emerging Leaders’ Forum (SELF) has commended the Minister of State for Petroleum, Chief Timipre Sylva over the passage of the Petroleum Industry Bill.
The SELF in a statement issued on Tuesday in Abuja, by its national coordinator Comrade Benjamin Kolowei, attributed the good working relationship between the Petroleum Ministry under the leadership of the former Bayelsa State governor and the Joint Committee of the Senate and House of Representatives on Oil and Gas for the seamless passage of the Bill.
It further expressed satisfaction that the national oil giant, the Nigeria National Petroleum Corporation (NNPC) under Timipre Sylva will now be more having been unbundled to assume the commercial status of a limited liability company.
It noted that profits that would accrue to the country and its Federation Account would no longer be shrouded in secrecy and be better managed.
The statement read in part: “The Ministry of Petroleum Resources under the supervision of Chief Timipre Sylva has become a formidable front-driver in the process of diversifying the country’s mono-cultural economy by exploring and promoting the midstream sector of huge gas production, for both local consumption and export purposes.
“As a forum, we are particularly happy because apart from nipping in the bud the perennial problem of scarcity of petroleum products and long queue for fuel, the completion and commissioning of the 17 storey Headquarters building of the Nigerian Content Development and Monitoring Board (NCDMB) and commissioning of the Walter Smith Modular Refinery, developed with 30 per cent equity from the NCDMB are a sterling success story for the Timipre Sylva led Ministry of Petroleum Resources.
“We are also celebrating the 57th birthday anniversary of our amiable ambassador because of the ongoing diversification under his watch through gas which will create lots of jobs to stimulate the nation’s economy. This is an addition to creating the National Gas Expansion Programme basically to exploit the country’s comparative advantage in the abundance of natural gas reserves.”
The forum said it will not forget in a hurry “the heroic exploits of Timipre Sylva in the wake of militancy in the Niger Delta when he was governor when he traversed the most dreaded militant camps in the region in search of peace and tranquillity. The singular action which yielded fruits with multiplier impact.”
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