News
NNPCL’s Continuous Fuel Importation Threatening Economic Future – NICOCSO Warns
Joel Ajayi
The Nigerian Coalition of Civil Society Organisations (NICOCSO) has accused the Nigerian National Petroleum Company Limited (NNPCL) of sabotaging Nigeria’s economy by ordering over 1.6 billion litres of Premium Motor Spirit (PMS) into the country with the sole aim of strangulation local refineries.
Speaking during a press conference in Abuja on Tuesday, its national spokesperson Segun Adebayo, and the national coordinator of the group, Benjamin James, expressed dissatisfaction with the manner the NNPCL is discouraging local refineries from competing with their contemporaries abroad.
According to them, “Today, we gather to address a decision by the Nigerian National Petroleum Company Limited (NNPCL) that threatens the economic future of our nation.
“The decision to import over 1.6 billion litres of Premium Motor Spirit (PMS) is not just a policy misstep but a deliberate move to undermine Nigeria’s local refining potential, cripple the economy, and deepen the hardship faced by ordinary Nigerians.
“The importation of such an enormous volume of PMS places undue pressure on Nigeria’s foreign exchange reserves. With the Naira already struggling against major currencies, this decision will exacerbate the depreciation of our currency.
“A weaker Naira means higher inflation, making life harder for Nigerians as goods and services become increasingly unaffordable. The added cost of importing fuel undermines our goal of achieving energy independence while draining resources that could have been invested in local refineries”.They said it is alarming that the imported PMS is reportedly of substandard quality, damaging vehicles and increasing maintenance costs for millions of Nigerians.
“From taxi drivers to small business owners, this poor-quality fuel is wreaking havoc on livelihoods. This is unacceptable in a country with abundant crude oil and refining potential”.
Speaking further they lamented the betrayal of Nigerians’ trust by the oil regulatory body, saying for decades, billions of dollars have been spent repairing refineries, with numerous promises of functionality. Yet, none of Nigeria’s refineries are operational today, and instead of supporting local refining, the NNPCL perpetuates a cycle of dependency on imports—stifling local initiatives and sabotaging job creation.
NICOCSO demanded that the government and the NNPCL must provide a comprehensive account of the $20 billion spent on refinery repairs since 2007. Adding that Nigerians deserve to know why their refineries remain dormant despite these enormous expenditures.
Moreso, that NNPCL must set and announce a clear start date for operations at Nigeria’s three major refineries, queried that the people of Nigeria, as the true owners of these refineries, deserve transparency and a commitment to deadlines.
NICOCSO said while the NNPCL argues against monopoly in the industry, it enjoyed monopoly privileges for decades adding that with policies that could encourage competition and local growth, the NNPCL must step up and support the operationalization of local refineries.
“If these demands are not met, NICOCSO will organize nationwide protests across Abuja and other states. Nigerians must rise to demand accountability, transparency, and policies that prioritize local industries”, they said.
NICOCSO argued that NNPCL’s decision to import PMS on this scale undermines national interest, weakens the economy, and delays the journey toward energy independence.
“NICOCSO remains committed to ensuring that public resources are used in the interest of the people, and we call on all Nigerians to join us in holding the NNPCL and its leadership accountable. Together, we can demand a better future for our nation”, the group said.
News
Nigerian Technical Aid Corps to Partner Federal Inland Revenue Service for Enhanced Service Delivery
Joel Ajayi
The Nigerian Technical Aid Corps (NTAC) and the Federal Inland Revenue Service (FIRS) have agreed to constitute an Ad Hoc joint Committee to work out modalities on how the both federal agencies will interface for a greater service delivery of their both mandates for the benefits of recipient countries of the Technical Aid Corps scheme.
This was the high point of a meeting held, Wednesday,in Abuja when the Director,Inter-Governmental Relations Department of the FIRS,Dr.Umaru Idris Ahmed led a delegation of the Service to a courtesy call on the Director General of NTAC,Rt.Hon.Yusuf Buba Yakub.
Speaking during the visit,Rt.Hon. Buba informed his guests that the Nigerian Technical Aid Corps was established in 1987 with a mandate to drive the Technical Aid Corps scheme as an instrument of soft power diplomacy for the promotion of the nation’s foreign policy goals in African, Caribbean and the Pacific nations.
He added that in the past 37 years of driving the mandate NTAC has deployed over 10,000 highly trained professionals in diverse fields of endeavour to 40 countries across the world and has showcased Nigeria as a friend to those countries in the spirit of the United Nations’ South-South Co-operation.
“Today,as we speak,the Scheme is not limited to just interventions in the Health and Education sectors,but also in Engineering,in the Judiciary and even Artisanship.
“For instance,today,the Chief Judge of The Gambia and many Legal Draftsmen are Nigerians.Nigerian Professors are also currently heading the prestigious University of Applied Sciences, Engineering and Technology in that country.There are so many cases like these across the world so that today going forward we are thinking,with the necessary amendments to our statues here,of attracting the needed foreign exchange from the services of some of these professionals we send out to share our abundant human resources with our sister countries of the ACP Region,”the DG informed.
Earlier speaking,the Director of the IGRD and leader of the Federal Inland Revenue Service delegation,Dr.Ahmed told their hosts that the delegation was at the Nigerian Technical Aid Corps to advance the building of new relationships with MDAs in line with the mandate of the newly established Inter-Governmental Relations Department of FIRS.
He also informed that the Department,which was established at the FIRS in March this year, had the sole mandate of fostering relationships between the Agency,the MDAs of Government and the private sector. The above he said was in order to further project the image of the Service in good light in relation to its role in tax reforms for national development in the Tinubu Administration.
Dr. Ahmed further informed that,being a member of both the African Tax Forum(ATAF) and the West African Tax Forum(WTAF),he would strive to liaise with those professional bodies to ascertain how NTAC could assist some ACP countries with the competencies of some Nigerian tax experts.
Among those present at the meeting on the side of the Nigerian Technical Aid Corps were the Director of Administration at the Agency,Amb.Yakubu Abdullahi Ahmed;the Director of Programmes,Amb.Zakari Usman as well as the Deputy Director of Administration,Amb.Saidu D
Muhammed and Mr.Saidu Idris Yusuf,a Deputy Director in the Accounts Department.
Officers from the FIRS include the following:
Mrs.Shehu Ganiyah,Ashu A.S,Mr.Silas Onweydu as well as Mr.Okim Thomas.While others were Mr.Usman Ibrahim and Amina Abdullahi.
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