Abuja - The petroleum industry has been stated as flawed and
over-regulated in its operation by the Lagos Chamber of Commerce Industry,
The LCCI expressed that the industry lacks clarity which in
turn hampers growth and job creation.
The Department of Petroleum Resources has been criticised by
the LCCI as they do not address fundamental issues.
Also read: Kachikwu directs free distribution of hoarded petroleum products
Director General of the LCCI, Muda Yusuf, stated in a
statement "the current model of managing the downstream petroleum sector
is not sustainable."
Yusuf further stated that there are deeper problems when it
comes to petroleum products supply chain.
For more on this story visit Vanguard