Opeyemi Bamidele says that the Senate will unearth the root causes of economic sabotage in the Petroleum Industry.
Mr Bamidele gave the assurance in a statement he signed on Tuesday in Abuja.
He said the upper chamber is committed to unearthing the roots of economic sabotage in the petroleum industry in the national interest.
“We will also develop institutional mechanisms that will make the industry more efficient and functional. As we return fully to the parliamentary sessions, the National Assembly will, without ambiguity, revisit its decision to decisively address challenges in the petroleum industry.
“The industry is not optimal in its performance. This may not be unconnected to crude oil theft, endless turnaround maintenance of public refineries, importation of substandard petroleum products and disruption of fuel supply, among others,” Mr Bamidele.
He further said a ot of events happened between the period we went on annual recess and now.
Mr Bamidele also said the Senate was expecting a new Medium Term Expenditure Framework (MTEF) from the executive.
“MTEF is an integral part of our budget culture that emphasises a multi-year public expenditure planning exercise that sets out the future budget requirements for existing services, among others. We are equally preoccupied with the review of the 1999 Constitution,” he stated.
(NAN)
