Former President Goodluck Jonathan has warned Bayelsa State youths to avoid engaging in aggressive actions that will frighten away investors if the state is to thrive.
Instead of becoming roadblocks to the development brought to them by investors, Jonathan recommended them to constantly work in partnership with the traditional institutions of their own communities.
He made the appeal during the groundbreaking ceremony for the ERASKON Integrated Manufacturing Complex and the introduction of a lubricant product in the Gbarain Community of the state’s Yenagoa Local Government Area.
“I knew that one day, they will come and invest to open up the state, and that is what we are witnessing today. Diri is a lucky person.
“And also Engr. Wabote, thank you. I am pleased with what is happening today.
In his remark, the Executive Secretary, Nigerian Content Development and Monitoring Board,
Engr. SIMBI WABOTE, stated that the groundbreaking was another very important milestone in the push of NCDMB to deepen local content and reduce importation of products we could produce locally.
He emphasised that Nigeria currently consumes about 250million liters of engine oils per annum and this consumption grows at more than 5% every year due to the addition of new vehicles and machineries.
“The in-country blending capacity has remained constant at about 150 million liters showing a shortage of about 100million liters. This shortfall is met by importation of finished lube oil products with the attendant loss of revenue and job opportunities.”
FOR UPDATE ALERTS
JOIN 360MEDIA WHATSAPP GROUP
JOIN 360MEDIA TELEGRAM CHANNEL
JOIN 360MEDIA FACEBOOK GROUP
FOLLOW 360MEDIA ON TWITTER
Be the first to comment