The National Minister of petroleum, Puot Kang Chuol, has urged the minister of finance and economic Planning Athian Ding Athian to support citizens with ban loans. Ministry observed that helping people with bank loans will encourage people to create the business.
It is the first time the government wants to offer bank loans to the citizens since the war broke out in 2013.
South Sudan hosted the Oil and Power 4th conference in Juba to raise financing and build infrastructure and energy projects.
Several African oil ministers, diplomats, national and international investors participated in the conference.
Hon: Puot Kang said the country had achieved some significant progress include the resumption of oil production in Unity state, road infrastructure, and renovation of Juba International airport.
The Minister of Presidential Affairs Dr. Barnaba Marial Benjamin, who spoke on behalf of president Kiir, applauded the minister of petroleum for loans endorsement.
However, he says the ministry of finance should support vulnerable citizens with bank loans when securing enough cash.
Dr. Marial urged companies to invest in different areas, incorporate Gold, tourism, wildlife, and agriculture as part of an asset than the oil and gas sector.
The government assured stakeholders about its commitment to implement the Revitalize Peace Agreement ending seven years of political wrangling.
The investors were warned to adhere to the human resource policy for equal employment to all oil workers and protect environmental pollution.
Sudanese Minister of Energy and Mining Adel Ali Ibrahim appreciated the resumption of oil production in Unity state to improve country investment and economic growth and promised to work closely with his South Sudanese counterpart.
The Regional countries’ representatives were admired for national security improvement, demonstrating the new political marriage between president Kiir, first vice president Dr. Riek Machar and other political parties who were signatories to the Addis Ababa agreement had a positive impact.
Somalia Minister of Petroleum, Gas, and energy Mohamed Hamid said the Juba conference on oil and energy would improve the bilateral relationship between two sisterly countries.
South Sudan Civil Society appreciates the Ministry of Petroleum and the Ministry of Energy and Dams for organizing the conference on Oil and Power amidst the various challenges of the year 2021 aggravated by COVID-19.
They say the development is magnificent, but equitable management of the natural resources in the oil resources should benefit the people now without compromising the future generation.
The Oil & Power conference is part of a campaign to drive capital into key energy and infrastructure sectors.