Thursday, 22 May 2025
Subscribe
TrackNews Logo
  • Home
  • News
  • Politics
  • Niger Delta
  • Entertainment
  • Business
  • Health
  • Sports
  • Crime
  • Editorial
  • 🔥
  • News
  • Politics
  • Business
  • Breaking News
  • National
  • Niger Delta
  • Entertainment
  • Crime
  • Sports
  • Gist
Font ResizerAa
Track NewsTrack News
Search
Follow US
©2025 Track News Media. All Rights Reserved. | Website Designed By AfeesHost
Home » Blog » Oshiomhole Applauds End of Oil Sector Overnight Billionaires, Cheers Youth-Led Economic Growth
News

Oshiomhole Applauds End of Oil Sector Overnight Billionaires, Cheers Youth-Led Economic Growth

Ajayi Adeola
Last updated: January 14, 2024 4:54 pm
Ajayi Adeola
Share
He noted that some youths with foresight were now taking dvantage of the opportunities created with the elimination of the petrol subsidy
Sen. Adams Oshiomhole
SHARE

Sen. Adams Oshiomhole, has restated that with the removal of subsidy on petrol, President Bola Tinubu ended “overnight billionaires in the oil and gas sector”.

He noted that some youths with foresight were now taking dvantage of the opportunities created with the elimination of the petrol subsidy to invest and genuinely help build the nation’s economy.

Oshiomhole, who spoke at the weekend in Warri, Delta State, while inaugurating A&E Mega Filling Station owned by a chieftain of the All Progressives Congress (APC) and Itsekiri leader, Chief Ayiri Emami, said “Now with the withdrawal of subsidy, you either work, sell and prosper or you don’t work and perish. This is the level playing field President Tinubu has created by the policy”, he said.

READ ALSO: The Federal Bride… Intrigues As Wema Bank Becomes President Tinubu’s Favourite

Inaugurating the mega fuel facility, Oshiomhole said it would effectively put “an end to a system where having a connection in the oil and gas sector could instantly transform someone into a billionaire, solely through favour, connections, and occasionally political bias.”

The federal lawmaker commended Emami for putting so much investment into the facility which he said would create employment for the teeming youths in Delta State.

TAGGED:APCEconomic Growthgas sectorOshiomhole
Share This Article
Email Copy Link Print
Previous Article The approval is expected from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Dangote Refinery: Diesel & Aviation Fuel Launch Pending Approval – A Game Changer for Nigeria!
Next Article The African Export-Import Bank (Afreximbank) has officially initiated the disbursement of $2.25 billion as part of the approved $3.3 billion crude oil Afreximbank Releases $2.25 Billion to Tackle FX Shortage and Foster Economic Growth
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

You Might Also Like

See Heart Breaking Video Of 3 Siblings Rendered Orphans After Owo Attack

By
Track News

Tinubu in a meeting with Adamu, Secretary, Omisore in Aso Rock

By
afees4me

Third Mainland Bridge: Alternative routes ready, says LASG

By
Track News

Church Members Caught Sleeping With Each Other on Altar Sparks Outrage

By
Track News
Track News
Facebook Twitter Youtube Instagram

About US

Track News is a leading news site with a primary focus on Nigeria and world news in general. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Top Categories
  • Home
  • News
  • Politics
  • Niger Delta
  • Entertainment
  • Business
  • Health
  • Sports
  • Crime
  • Editorial
Usefull Links

© Track News Media. All Rights Reserved. | Website Designed By AfeesHost

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?