The Senate Committee on finance has proposed the sale of government-owned moribund oil refineries, describing them as "bottomless pits", despite turnaround maintenance. Sani Musa (APC Niger East), the chairman of the committee, on Saturday, said the proceeds from the sale could be invested in the mining sector to create jobs for Nigerian youth. Musa made the call while fielding questions from journalists in Abuja, yesterday.
"For me, my candid advice to the Federal Government on the nation's apparently moribund oil refineries is for them to be privatised," Musa said.
"Proceeds from such privatisation should be sunk into the mining sector for jobs creation for the teeming Nigerian youth who are roaming the streets on a daily basis.
"The youth constitute 70 per cent of Nigeria's population and must be made to be productive, which is doable if the mining and agriculture sectors are repositioned for that.
“The Not-Too-Young-To-Run opportunity given to the youth in the political terrain should be practically extended to the realm of innovation by providing them with a conducive environment and enablement to innovate as it is, in most developed countries,” Musa said.
Musa however, noted that the President Bola Tinubu-led All Progressives Congress administration, is towing the path of purposeful leadership and should be supported to take Nigeria to where it deserves to be.
