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Vandalism: F.G Mulls Concession Of Fuel Pipelines To Private Investors
The Federal Government is mulling the concession of all fuel pipelines to private investors across the country order to address the incessant vandalism of the assets.
This was disclosed on Thursday during a workshop to put in place a framework for the concession of petroleum products’ pipelines.
The Permanent Secretary, Federal Ministry of Petroleum Resources, Gabriel Aduda, disclosed this on the sidelines of the workshop, which had the theme, “Development of Framework for the Concession of Nigeria’s Oil and Gas Assets.”
“There are some challenges. We’ve been talking about vandalism. But if the private sector comes in, perhaps they will be able to safeguard their own pipelines more than the government is doing on its own,” he stated.
Aduda, who was represented by the Director, Midstream, FMPR, Felix Okeke, added, “So we are looking at getting the private sector to be involved.