Tinubu Ends the Era of Overnight Oil Billionaires, Says Oshiomhole

Former Edo State Governor, Senator Adams Oshiomole, has stated that President Bola Tinubu’s elimination of the petrol subsidy has brought an end to a system of creating ‘overnight billionaires’ in the oil and gas sector.

The Edo North Senator made this remark on Friday during the commissioning of a tank farm owned by an All Progressive Congress (APC) chieftain, Chief Ayirimi Emami, in the Ifie community in Warri, Delta State.

He mentioned that the discontinuation of the fuel subsidy has effectively terminated a practice where having a connection in the oil sector could instantly make someone a billionaire.

He stated: “Now, with the withdrawal of subsidy, you either work, sell and prosper, or you don’t, and you perish. This is the level playing field President Tinubu has created by the policy.”

Oshiomole commended Emami for the investment, recognizing that it would generate jobs for people in the area, especially at a time when the petrol subsidy had been removed.

After touring the tank farm facility, Senator Oshiomole expressed that a lot of courage and foresight went into establishing it in such a swampy area.

He encouraged young Nigerians to face the challenges by “turning obstacles into opportunities” instead of lamenting about not being given chances to thrive in the Nigerian economy.

“Nigerians have never sat down to ask themselves how come the Lebanese, the Indians are coming in droves to find jobs here. Nigerians are not seeing the opportunities in Nigeria. Let’s not cry; go for opportunities,” Oshiomole said…[CONTINUE READING HERE]>>