Deregulation Of Oil Sector Will Generate N12trn For Nigeria – PPMC Boss

Deregulation Of Oil Sector Will Generate  N12trn For Nigeria – PPMC Boss
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Joel Ajayi

The Managing Director of PPMC, Abdullahi Isiyaku has stated that the deregulation of the oil and gas sector has potential  of generating N12trillion for Nigeria within four years.

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He explained that the gains of deregulation will include a 7,500km road every year at N400m per kilometre.

Abdullahi made this known in Lagos as one of the key panelists at the Oil Trading Logistics Africa(OTL) Expo for the  year 2021, under the theme “Downstream in Transition: Getting Set”, with the session topic as “Nigeria Fuels Congress”.

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He explained that  the funds accruable from the deregulation will lead to the establishment  of 37 well-equipped  120-beds Tertiary Health Centres  each year and at the cost of N82 billion per hospital.

He went on to point out that N10trillion can build and  “equip  2,400 units of 1,000-bed capacity hospitals across  774 Local Governments “or 500,000 new houses for  families through mortgage  at N20million per house; or additional 27,000 megawatts of solar-powered electricity to the national grid”.

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The PPMC MD further stated that the same N10trillion accruable  from deregulation could “educate and skill up 2,000,000 Nigerians with global standard quality  tertiary education and sought-after skills”.

Aljazirahnews

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