FG is addressing problems of the oil sector- VP Osinbajo

Timothy Choji, Abuja

Despite the fall in the global price of oil, the Nigerian government says it is dealing frontally with all issues affecting the oil sector.

Vice President Yemi Osinbajo made this stand of government known in Abuja, at the public presentation of three books written by the Minister of State Petroleum, Dr Ibe Kachikwu.

He said even in the wake of economic downturn and the diversification strategies put in place by government, the oil sector cannot be ignored.

Professor Osinbajo said the oil sector is still critical to the development of the country and the Nigerian government would not relent in fashioning suctions to the problems confronting the sector.

“As we move to diversify our economy, we are acutely aware that we need oil, to get out of oil yet our window of opportunity to benefit maximally form the petroleum industry is narrowing. The Federal government has had to deal with the critical issues bedevilling the sector; the deregulation of the downstream sector and its continuing challenges, vandalism of pipelines and export facilities, gas to power issues and empowering indigenous operators,” he said.

Professor Osinbajo described the Minister of State-Petroleum, Dr Ibe Kachikwu, who authored the three books as a multi-tasking individual that has exhibited excellence in everything he does.

The Vice President, who said the books were very important to the development of Nigeria’s oil sector, encouraged people to read them.

“Dr Kachikwu clearly took full advantage of the rare convergence of scholarship, contemporary experience and policy wisdom, to deliver what today are probably the most significant contributions to our understanding of major issues of the Nigerian petroleum industry. It is this uniquely versatile background that makes this publication a must read,” the Vice President advised.books-presentation-1Former Senate President, Dr Ken Nnamani, who stood in for the Chairman of the occasion, Dr Oba Otudeko, described the author as a vibrant human being.

He thanked President Muhammadu Buhari for fishing him out, adding that Dr Kachikwu has changed the face of the oil sector in Nigeria.

He therefore advised the Minister to take Nigeria’s oil sector to the zenith and ensure it competes globally.

In his vote of thanks, Author of the books, Dr Ibe Kachikwu said he had to put down his experiences in both the public and private sectors in order not to fizzle out.

He said “what I have since learnt is that when you fail to put in text books the experiences that you have on your day to day activities in life, they get lost sometimes for life. Therefore I will keep doing so as I go on in life.”

He urged other scholars to do more e research on the various issues he has raised in the books, as he also advised Nigerians to contribute their quota as the economic team finds solution to the economy.

The books presented to the public include a Compendium of Oil and Gas Cases in Nigeria, Legal Issues in the Nigerian Petroleum Industry and The Petroleum Industry Bill: Getting the Yes.