The Chairman Senate committee on Finance, Senator John Owan Enoh representing Cross Rivers Central senatorial district has urged agencies and parastatals of government to be futuristic in their approach in terms of cost application, management and revenue generation for the government. This was said in a senate committee of Finance session with the Nigerian National Petroleum Corporation and Department of Petroleum Resources at the senate building yesterday. Enoh said “We should be a little bit mindful of the figures we throw around. Things that were done in the previous years can not be done this year. We have a deficit of over N2trillion. We must be futuristic in our approach. We want things that can reduce the cost and still be effective. That is the discourse we want to be having across board”. Responding, the Group Executive Director Finance & Services NNPC, Mr Isiaka Abdulrazaq reiterated that the NNPC is working aggressively to reduce the cost of cash call. This budget can not be funded due to reduction in cash flow. I do understand the concerns of the senate about keeping the cost down but if you don’t invest your provisions will continue to drop. We are making serious effort in terms of cost reduction, we can reassure you”.
