Discourage Private Ownership Of Oil Blocks, Man-O-War Adviser Calls On FG | Independent Newspapers Limited
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Discourage Private Ownership Of Oil Blocks, Man-O-War Adviser Calls On FG

Posted: May 27, 2015 at 12:49 am   /   by   /   comments (0)

By Felix Igbekoyi –  Correspondent, Asaba


AS THE row over subsidy payment to petroleum importers and sale of government oil blocks to private investors continues, National Adviser to Man-O-War, Dr Basim Elumelu has called on the Federal Government to discourage private ownership of oil blocks.

He said this Tuesday in Asaba during a chat with Independent Newspapers, stating that apart from boosting national economic growth, it would check the excesses of a privileged few who have become richer than the nation who have constituted themselves into a cabal.

On the over reliance on oil, Elumelu called on the Federal government to recognize those areas of our national endowment like agriculture, solid minerals and tourism and harnessing them for economic development.

He called on the President Elect, Muhammadu Buhari to emulate international political best practices by probing all those who have looted the treasury at different levels as a way of sanitizing the political system and set a national agenda towards galvanizing all employers of labour for a harmonious economic development.

The proprietor of Nelson Mandela International School, Abuja said in a civilized economies, about 90 per cent of job creation are handled by private sector, advising General Buhari to research into the constraints and possibilities of the private entrepreneur through special agency to guarantee support and empowerment of the private sector for effective job creation.

On the nation’s democracy, he said what is needed now is re orientation of the national psyche as well as economic, political and cultural re-orientation for a regenerated polity since 16 years after, PDP has plunged the nation into the worst form of slavery, poverty, hopelessness, insecurity and massive corruption.

‘’While President Goodluck Jonathan was privileged to have risen from grass to glory (grace), his policies and programmes tilted towards parochialism, lopsidedness visible in his encouragement and pardoning of embezzlers, and looters of the nation’s economy with the outcome that today his administration is leaving a near empty treasury for the incoming government,’’ Elumelu said.