Lawmaker cautions attack on oil installations in Nigeria

A member of the National Assembly, Hon. Bosun Oladele, has cautioned against further destruction of oil installations in the Niger Delta.

The federal lawmaker representing Irepo/Olorunsogo/Oorelope Federal Constituency, said the negative act was majorly responsible for the downturn in the economy on the nation.

He stated this in ibadan at the weekend when he was addressing the newsmen on national issues.

Hon. Oladele who happens to be a member of the House Committee on Gas Resources, said the committee had initiated bills that will shift focus from oil to gas, thus, making the resources a major foreign exchange earner for the country.

His words, “If not for the incessant attacks on gas installations in the Niger Delta, the country would by now have made a lot of foreign-exchange from the resources”, he added.

Hon Oladele also  added that the inability of many state government to pay salaries of workers was due to the fact that the country was producing barrel of crude oil less than it budgeted for in the international market and withdrawing from its foreign reserves without adding to it.

He then concluded that if the past administration had had the political will to save from excess foreign earrings, the country would not be experiencing hardship today.