By Musa Baba Adamu
Critical stakeholders of the Nation’s economy like the Nigerian National Petroleum Company Limited ( NNPCL) , the Central Bank of Nigeria ( CBN) and others , declared in Abuja on Monday that the ailing economy is getting revitalized based on emerging indicators.
Assurance on getting the economy from the woods soonest , was made during critical interactive session joint committees of the National Assembly on Finance had with the Ministers of Finance , Mr Wale Edun, Budget and National Planning , Senator Atiku Bagudu , Minister of State Petroleum , Senator Heineken Lokpobiri , the Group Executive Officer of NNPCL , Mela Kyari and the Governor of Central Bank of Nigeria , Mr Yemi Cardoso.
In his presentation , the Group Executive officer of NNPCL, informed the committee led by Senator Sani Musa ( APC Niger East ) that based on emerging indicators in the Energy and Gas sector , Nigeria will be net exporter of petroleum by December this year.
The indicators according to him , are the Portharcourt refinery that will start production early next month , which will be followed by the one in Warri months after , and Kaduna refinery latest by December this year .
He added that in few months time , oil production level for the country , will hit 2million barrels per day as all enablement towards that has already been put in place.
“Mr. Chairman and members of the Joint Committee. Let me just give confirmation that NNPCL and the oil and gas industry is very critical in bringing a turnaround in our current economic situation, and we understand the importance of this. We are taking every step that is practical for us to achieve this..
