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PDP, APC Disagree Over Reform Policies in Oil Sector

PDP, APC Disagree Over Reform Policies in Oil Sector

Ahead of next month’s general elections in the country, the People’s Democratic Party (PDP) and All Progressives Congress (APC) have presented divergent viewpoints on how to tackle the challenges facing  the operations of oil and  gas sectors.

Speaking at a debate organized by the Centre for Democracy and Development in conjuntion with Open Society Initiative for West Africa (OSIWA) which focused on what policies the political parties have in stock for  Nigeria’s petroleum industry, both PDP and APC while acknowledging the need for a speedy passage of the Petroleum Industry Bill (PIB) into law, failed to accept blame that they all have a hand in the delay.

On his part, the  representative of the APC and the party’s National Publicity Secretary, Alhaji Lai Mohammed, said  as a matter of priority the opposition party will unbundle the Nigerian National Petroleum Corporation (NNPC) and ensure passage of the PIB Bill within one year in office.

The PDP representative, Dr. Catchy Onanoju, said the party believes so much in the efficacy of the privatization policy as a veritable tool to gain the advantages that the country seeks to have in its desire for accelerated growth and development.

He said the party believed that “we can use our resources to create jobs for the youths and develop human resource base in the country”.
According to Onanoju, PDP is convince that policy of total  fuel subsidy removal will free resources hitherto being corruptly consumed by some some priviledged persons which will then deployed to provide for the needs of generality of Nigerians

When the moderator asked tge speakers what their party has as blueprint for managing the oil revenue, Mohammad who stood in for APC said the country need to unbundle the NNPC and create a new regulatory body from the corporation that will function specifically for regulatory purposes so as to allow the unfettered operations in the sector.

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