By Festus Fifen.
The Nigerian National Petroleum Corporation (NNPC) has urged the Senate to ensure adequate funding of the oil and gas sector to guarantee sustainable revenue flow from the sector.
Group Managing Director of the NNPC Mallam Mele Kyari made the appeal on Wednesday at a meeting of Nigeria’s revenue generating and monitoring agencies with the leadership of the Senate at the National Assembly Complex, Abuja.
in a statement by the Group General Manager Group Public Affairs Division Ndu Ughamadu, Mallam Kyari stated that NNPC has introduced various projects aimed at integrating the oil and gas industry with the economy and called for more funding to achieve a sustainable growth in the industry.
the statement added that Kyari also used the medium to solicit the support of the Senate to curb cross-border smuggling of petroleum products, especially petrol, which he said was posing a challenge to the efforts of the corporation to ensure seamless supply and distribution of products in the country.
He commended the Senate for its support which he said, enabled the corporation to offset its cash-call arrears.
In his remarks, the Senate President, Dr. Ahmed Lawan, said the generation and collection of revenue was critical to the success of the government hence the need for inter-agency collaboration and cooperation.
Senator Lawan added that the meeting was convened to enable the Senate to understand the challenges of the agencies in their various operations with a view to finding solutions to them.
He expressed the determination of the Senate to revert to the January – December budget circle, while assuring that the 2020 budget would be passed before the end of 2019 if the executive sent it on time.