Tuesday, 2 February 2016

President Buhari regrets dwindling oil production for local use

 President Muhammadu Buhari, on Tuesday, regretted that there was sharp fall in the local production of oil refinery for domestic use.

He felt unhappy that the country’s oil wealth was fast thinning out as it had been unable to produce enough refined petroleum products for domestic use, in spite of the government huge investment on the refineries.

Buhari spoke at a luncheon organised for him during his two-day official visit to Ogun State, on Tuesday, and also commended Governor Ibikunle Amosun for the rapid transformation of the state within five years of his administration.

His words: “I appreciate President Olusegun Obasanjo for making me the Minister of Petroleum; for three years, he tolerated me. During that period we built Warri and Kaduna refineries. We laid so many pipelines and then we were exporting refined petroleum products. But what do we have today? I want to stop here,” Buhari said.

He, however, commended Amosun for his administration’s achievement in the area of infrastructural development of the state.

Buhari commenced the activities for the day with the inauguration of some projects to the admiration of thousands of residents of Abeokuta, the state capital, who turned out in large numbers to cheer his convoy.

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