Festus Osifo has expressed concerns about a planned policy. He believes it could have negative effects on the oil sector. Osifo, a union leader, thinks the policy may discourage investment and reduce competition. A reception was held to mark the end of his tenure as president of a union.

He has warned that the policy could worsen existing problems. Osifo is also the president of another union, the Trade Union Congress.

Further details about his comments are available from the source, including his thoughts on the potential impact of the policy on the market.