{"id":39472,"date":"2022-01-08T18:22:31","date_gmt":"2022-01-08T18:22:31","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=39472"},"modified":"2022-01-08T18:22:32","modified_gmt":"2022-01-08T18:22:32","slug":"resuscitate-refineries-to-boost-economy-ex-cbn-director-urges-nigeria","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/resuscitate-refineries-to-boost-economy-ex-cbn-director-urges-nigeria\/","title":{"rendered":"Resuscitate refineries to boost economy, ex-CBN director urges Nigeria"},"content":{"rendered":"<p>Dr Titus Okunroumu, a former Director of Central Bank of Nigeria (CBN), has called on the Federal Government to intensify efforts at resuscitating the nation\u2019s refineries to boost the economy.<\/p>\n\n\n\n<p>Okunroumu said in Sang-Ota, Ogun, that most of the refineries were operating below optimal level, leading to importation of bulk of the refined petroleum products into the country.<\/p>\n\n\n\n<p>\u201cThe federal government needs to address the under- production of the refineries so as to end the subsidy challenges in the country,\u201d he said.<\/p>\n\n\n\n<p>The former CBN director emphasised the need for the country to leverage its resources to boost revenue.<\/p>\n\n\n\n<p>\u201cIf the refineries are working effectively, the country will not look for people to sell crude to.<\/p>\n\n\n\n<p>\u201cYou can imagine countries coming to Nigeria to buy refined petroleum products from us,\u201d Okunroumu said.<\/p>\n\n\n\n<p>This development, he said, would reduce pressure on the economy and boost the country\u2019s internally-generated revenue, as the debt profile would reduce.<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-39472\" data-postid=\"39472\" class=\"themify_builder_content themify_builder_content-39472 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>Dr Titus Okunroumu, a former Director of Central Bank of Nigeria (CBN), has called on the Federal Government to intensify efforts at resuscitating the nation\u2019s refineries to boost the economy. Okunroumu said in Sang-Ota, Ogun, that most of the refineries were operating below optimal level, leading to importation of bulk of the refined petroleum products [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":25134,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[908],"tags":[360],"class_list":["post-39472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil-gas","tag-refineries","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Resuscitate refineries to boost economy, ex-CBN director urges Nigeria - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/resuscitate-refineries-to-boost-economy-ex-cbn-director-urges-nigeria\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Resuscitate refineries to boost economy, ex-CBN director urges Nigeria - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"Dr Titus Okunroumu, a former Director of Central Bank of Nigeria (CBN), has called on the Federal Government to intensify efforts at resuscitating the nation\u2019s refineries to boost the economy. 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