|
|
Nigeria: 'Depending On Federal Allocation is Irresponsible'
 |
 |
|||||||||
|
||||||||||
|
|
|||||||||
|
||||||||||
This Day (Lagos)
14 May 2008
Posted to the web 14 May 2008
Patrick Ugeh
Abuja
State and local governments which do nothing but wait for allocations from the Federation Account have been described as being irresponsible.
Secretary to Oil and Gas Sector Implementation Committee, Dr Bello Aliyu Gusau, stated this yesterday in Abuja, in his presentation at a workshop on reforms in the oil and gas sector, organised by Independent Petroleum Marketers Association of Nigeria (IPMAN).
He decried the habit of many state and local governments who rather than seek to generate revenue from the many potential sources in their states, solely depend on allocations they get from the central purse.
He said one of the problems of the oil industry was that many players take on more roles than they can handle.
He said, "the NNPC for instance, has grown over the years to assume multiple, often conflicting roles, including those of policy formulation, regulation, commercial operations and national assets management.
|
"It is hardly surprising, therefore, that the NNPC as a Corporation has over the years, evolved into a hugecost centre without the required strategic commercial focus. This has certainly drastically slowed down the Corporation from performing its avowed role as an international, integrated, commercial oil and gas company."
| |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Copyright © 2008 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material, click here. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Make allAfrica.com your home page | RSS Feed | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Top | Site Guide | Who We Are | Advertising | Search | Subscribe | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Questions or Comments? Contact us. Read our Privacy Statement. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
