Connect with us

News

Reactivated refineries : Obasanjo queries their capacities

Published

on

Ex- Nigerian President Olusegun Obasanjo has made fresh assertions about the management of government-owned refineries in Nigeria, criticizing the Nigerian National Petroleum Corporation Limited (NNPCL) and raising concerns about its capacity to operate the refineries effectively.

In an interview with Channels Television, published on Thursday, Obasanjo questioned recent claims by President Bola Tinubu’s administration that the refineries have resumed operations.

He expressed skepticism, using a Yoruba proverb to emphasize that those who lie about their accomplishments will eventually be forced to confront the truth.

Shell’s Rejection and a Missed Opportunity
Obasanjo recalled his efforts during his presidency to involve Shell in managing the nation’s refineries. Despite his offer, Shell declined, citing concerns about the operational inefficiency and political challenges surrounding the facilities.

Advertisement

He also shed light on a missed opportunity in 2007 when billionaire businessman Aliko Dangote and his team offered $750 million to manage the Port Harcourt and Kaduna refineries under a Public-Private Partnership (PPP). Obasanjo negotiated the deal, only for his successor to reject it and refund Dangote’s investment. The rejection, according to Obasanjo, was based on assurances from the NNPCL that it could handle the refineries. However, Obasanjo firmly asserted that the corporation lacked the expertise and capacity to fulfill such promises.

Despite his criticism of the NNPCL, Obasanjo expressed faith in Dangote’s ability to manage the privately owned Dangote Refinery in Lagos. Highlighting Dangote’s track record as an entrepreneur, Obasanjo noted that private sector-led initiatives are often more efficient and less burdened by bureaucratic challenges than government-run enterprises.

Refineries and Nigeria’s Oil Sector
Obasanjo’s remarks reignite longstanding debates about the effectiveness of Nigeria’s approach to managing its oil sector. Many observers argue that government-owned refineries have struggled due to poor maintenance, mismanagement, and corruption. While privatization and public-private partnerships have been proposed as solutions, successive administrations have often resisted such measures, citing concerns over national sovereignty and control.

The Bigger Picture
Obasanjo’s criticism comes at a time when Nigerians are grappling with high fuel prices and economic challenges. His statements could further fuel discussions on the need for structural reforms in the oil and gas sector. Meanwhile, the success of the Dangote Refinery, expected to be a game-changer for Nigeria’s refining capacity, may serve as a benchmark for what private sector participation can achieve.

Advertisement

This candid reflection by the former president underscores the importance of leadership, transparency, and innovation in addressing Nigeria’s long-standing energy challenges.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

No Permit, No Practice – Anambra Nabs Witch Doctor from Abia

Published

on

A witch doctor from Abia State has been arrested in Enugu-Agidi, Njikoka Local Government Area of Anambra State for unlawfully setting up a shrine and practicing without authorization.

Authorities have reiterated their stance—only indigenous native doctors from Anambra are permitted to operate within the state. Any non-indigene found violating this directive will face immediate arrest and prosecution.

This crackdown is part of efforts to regulate traditional practices and ensure compliance with local laws.

Continue Reading

News

Senate cttee gathers data on Nigerians abroad, plans to reverse japa

Published

on

The Senate Committee on Diaspora and Non-Governmental Organisations has expressed concern over the growing trend of Nigerians migrating abroad in search of better opportunities, commonly referred to as the “Japa” syndrome.

The committee, chaired by Senator Natasha Akpoti-Uduaghan (PDP, Kogi), has vowed to address this issue as part of its strategy to strengthen the nation’s economy and reduce mass emigration.

Senator Akpoti-Uduaghan, who represents Kogi Central, emphasised the importance of reversing the trend for the benefit of the country.

“This committee will do this by collaborating with relevant stakeholders in the area of making Nigerians particularly the youth, believe more in their country and not the mindset of wanting to rush out of the country.

Advertisement

“Patriotism is earned and not forced. We need to identify a few steps that we can use in building our economy here using our diaspora energy.

“We’re going to look into countries like India, Pakistan, even Egypt, in Africa here on how they have grown their capacities and making their countries attractive for a larger percentage of citizenry to stay.

“The committee will start this process by getting the database of Nigerians in Diaspora, country by country and also collaborate with various international organisations on areas of focus that can attract many of them back home.

“India is a very good example of reversing the japa syndrome by being the Information and Communication Technology capacity hub of the world with attendant jobs for its citizens,” Akpoti-Uduaghan added.

Advertisement

In his remarks, the former chairman of the committee, Senator Victor Umeh (APGA, Anambra), expressed confidence in Akpoti-Uduaghan’s leadership.

He praised her for possessing the necessary skills to lead the committee effectively and galvanize efforts to tap into the potential of Nigeria’s diaspora communities. “With Senator Natasha as Chairman, I am confident that the committee will make significant strides in reversing the ‘Japa’ syndrome,” Umeh said.

Continue Reading

News

Court Jails Professor Uduk For Three Years Over False Election Results In 2019 Polls

Published

on

A High Court in Akwa Ibom has sentenced Professor Ignatius Uduk to three years in prison for publishing false election results and perjury.

The Independent National Electoral Commission (INEC) brought the charges against Uduk for his actions in the 2019 Akwa Ibom North-west State House of Assembly election.

Uduk, who served as the collation and returning officer during the election, was acquitted of announcing false results but convicted of publishing fraudulent results and committing perjury.

The legal battle began in December 2020 when Uduk was first arraigned following an arrest warrant issued for his failure to appear in court.

Advertisement

Despite pleading not guilty to the charges, the trial faced numerous delays, including changes in his legal defense and an incident where the professor collapsed during cross-examination.

The case was initiated by the then INEC resident electoral commissioner Mike Igini.

The court’s ruling marks a significant development in INEC’s ongoing efforts to combat electoral malpractice and uphold the integrity of the electoral process.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News