Senate President Godswill Akpabio has expressed grave concerns over the persistent economic sabotage plaguing Nigeria’s petroleum sector, highlighting the urgent need to restore investor confidence. During the inauguration of the Senate ad-hoc committee assigned to investigate these alleged acts of sabotage, Akpabio stressed that the Senate must identify and hold accountable those responsible for these criminal activities.
Speaking on Monday, Akpabio described the investigation as more than a routine inquiry—it is a critical mission to safeguard the nation’s future. He emphasized that the issue at hand transcends mere financial losses; it is a matter of national security and sovereignty. According to him, if these acts of sabotage are left unchecked, they have the potential to cripple the Nigerian economy for generations to come.
“This is not just an investigation, but a rescue mission for our nation’s future,” Akpabio declared. He pointed out that the economic sabotage within the petroleum sector undermines the nation’s stability and has far-reaching implications for the country’s economic health.
The Senate President underscored the importance of this investigation, noting that the petroleum sector is a cornerstone of Nigeria’s economy, and any disruption in this sector can have catastrophic effects on the entire nation.
Senator Akpabio charged the members of the ad-hoc committee with a solemn duty to collaborate with relevant agencies, industry experts, and stakeholders. He urged them to uncover the root causes of these economic crimes with diligence and determination, leaving no stone unturned. “We must work together to uncover the root causes of these economic saboteurs. This committee must engage with all relevant stakeholders and industry experts to ensure a thorough investigation,” he stated.
The Senate President called for a comprehensive approach to the investigation, one that involves not only identifying the perpetrators but also understanding the systemic issues that enable such sabotage. He stressed that a holistic understanding of the problem is essential to devise effective strategies to prevent future occurrences. Akpabio highlighted the need for stringent measures to protect the sector from further sabotage, emphasizing that restoring investor confidence is crucial for the nation’s economic recovery and growth.
“The task before this committee is immense, but it is critical. Our petroleum sector must be safeguarded against these acts of sabotage, and we must restore the confidence of investors who are vital to our economic stability,” Akpabio affirmed. He expressed his confidence in the committee members, urging them to approach the investigation with integrity and a sense of duty to the nation.
In conclusion, Akpabio reiterated the Senate’s commitment to ensuring that those responsible for the economic sabotage are brought to justice. He stressed that the outcomes of this investigation would not only hold the perpetrators accountable but also serve as a deterrent to others who might consider engaging in similar activities. “The Senate is committed to seeing that justice is served. This investigation will set a precedent and send a strong message that economic sabotage will not be tolerated,” he concluded.
The inauguration of this ad-hoc committee marks a significant step in addressing the critical issue of economic sabotage in Nigeria’s petroleum sector. It underscores the Senate’s proactive stance in safeguarding the nation’s economic interests and ensuring the integrity of its vital industries. As the committee embarks on its mission, the nation watches with hope that this investigation will lead to meaningful reforms and enhanced security for the petroleum sector.
