{"id":53832,"date":"2024-02-29T16:09:35","date_gmt":"2024-02-29T16:09:35","guid":{"rendered":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/dr-lomuro-says-weak-institutions-reason-for-economic-stagnation"},"modified":"2024-02-29T16:42:36","modified_gmt":"2024-02-29T16:42:36","slug":"dr-lomuro-says-weak-institutions-reason-for-economic-stagnation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-sudan\/all-news\/dr-lomuro-says-weak-institutions-reason-for-economic-stagnation","title":{"rendered":"Dr Lomuro says weak institutions reason for economic stagnation"},"content":{"rendered":"

Africa-Press – South-Sudan. <\/strong><\/span>The Minister of Cabinet Affairs attributed weak institutional capacity as one of the reasons why South Sudan\u2019s economy is not improving.<\/p>\n

Dr Martin Elia Lomuro pointed out that oil production institutions are weak enough to clear water from the oil wells to increase production.<\/p>\n

He further added that the mineral sector has also not yet been explored.<\/p>\n

\u201cSome of our institutions are weak including the oil-producing institutions, which are supposed to increase production, and even to clear water from oil wells to increase production,\u201d Dr Lomuro stated during a Joint Press Conference in Juba on Tuesday.<\/p>\n

Dr martin stresses that the government is not able to influence and push some of the oil-producing companies because of the extension of the exploration production sharing agreement (EPSA) and the transitional agreement (TA).<\/p>\n

According to the cabinet minister, the IFSA agreement on oil was not signed by the government.<\/p>\n

\u201cThe agreement of Oil, the extension of the exploration production sharing agreement (EPSA) was never signed by us 10 years ago. It has not given us the necessary flexibility and influence on some of our oil-producing companies,\u201d he said.<\/p>\n

\u201cWe are not able to push them very hard for them to be able to increase oil production, judiciously.<\/p>\n

\u201cWe even have oil wells that have not yet been explored, leave alone that, but even as weak as our institutions, our mineral sector is not explored yet,\u201d Dr Lomuro said.<\/p>\n

\u201cWe are not producing gold and cement, we have all these things that are not operational, so, when we say we have weak institutions, we mean it in a bigger picture not just on oil or non-oil revenue.\u201d<\/p>\n

For More News And Analysis About South-Sudan<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Sudan. The Minister of Cabinet Affairs attributed weak institutional capacity as one of the reasons why South Sudan\u2019s economy is not improving. Dr Martin Elia Lomuro pointed out that oil production institutions are weak enough to clear water from the oil wells to increase production. He further added that the mineral sector has […]<\/p>\n","protected":false},"author":84,"featured_media":53831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,265,233],"class_list":["post-53832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-south-sudan","tag-south-sudan"],"yoast_head":"\nDr Lomuro says weak institutions reason for economic stagnation - South Sudan<\/title>\n<meta name=\"description\" content=\"The Minister of Cabinet Affairs attributed weak institutional capacity as one of the reasons why South Sudan\u2019s economy i ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/dr-lomuro-says-weak-institutions-reason-for-economic-stagnation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dr Lomuro says weak institutions reason for economic stagnation\" \/>\n<meta property=\"og:description\" content=\"The Minister of Cabinet Affairs attributed weak institutional capacity as one of the reasons why South Sudan\u2019s economy i ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/dr-lomuro-says-weak-institutions-reason-for-economic-stagnation\" \/>\n<meta property=\"og:site_name\" content=\"South Sudan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-29T16:09:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-29T16:42:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1709212117.206539.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/dr-lomuro-says-weak-institutions-reason-for-economic-stagnation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/dr-lomuro-says-weak-institutions-reason-for-economic-stagnation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Dr Lomuro says weak institutions reason for economic stagnation\",\"datePublished\":\"2024-02-29T16:09:35+00:00\",\"dateModified\":\"2024-02-29T16:42:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/dr-lomuro-says-weak-institutions-reason-for-economic-stagnation\"},\"wordCount\":294,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/dr-lomuro-says-weak-institutions-reason-for-economic-stagnation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-sudan\/sites\/32\/2024\/02\/sm_1709212117.206539.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Sudan\",\"South-Sudan\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/dr-lomuro-says-weak-institutions-reason-for-economic-stagnation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/dr-lomuro-says-weak-institutions-reason-for-economic-stagnation\",\"url\":\"https:\/\/www.africa-press.net\/south-sudan\/all-news\/dr-lomuro-says-weak-institutions-reason-for-economic-stagnation\",\"name\":\"Dr Lomuro says weak institutions reason for economic stagnation - 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