‘Only privatisation can save nation’s refineries from collapse’
A former Managing Director (MD) of Nigerian Life and Pensions Consultants Limited, Apostle Solomon Alao, has advised the federal government to privatise the nation’s refineries so as to save it from total collapse and government from frequent borrowing. Alao, who also doubles as the Spiritual Head of Sacred Cherubim & Seraphim Church of Nigeria, specifically […]
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A former Managing Director (MD) of Nigerian Life and Pensions Consultants Limited, Apostle Solomon Alao, has advised the federal government to privatise the nation’s refineries so as to save it from total collapse and government from frequent borrowing.
Alao, who also doubles as the Spiritual Head of Sacred Cherubim & Seraphim Church of Nigeria, specifically stated that this has become of utmost necessity in order to rescue the country and its citizens from hardship.
The cleric who also predicted a steady growth in the nation’s economy in 2025 following the different policies initiated by President Bola Tinubu in 2024, noted that, though the removal of fuel subsidy came with its own troubles, the nation’s economy will soon begin to show positive indications.
He spoke at a world press conference to usher in the 95th General Conference of the church, in Lagos, to herald the church’s forthcoming annual conference.
“Government should privatize the nation’s refineries and only own five per cent share in the equity of NNPC. Every other private entity will be allowed a two per cent share.
“This will relax government control of NNPC. Government has no business in business. It can best make good policies and an enabling environment that will support private sector investment,” he added.