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NNPCL’s Continuous Fuel Importation Threatening Economic Future – NICOCSO Warns

Published

2 years ago

November 20, 2024

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.

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DNKI President Champions Humanitarian Service, Sustainable Community Development

Published

21 hours ago

October 21, 2026

The Gleamer

Cyril Samania

The President of De Norsemen Kclub International (DNKI), Chief Oliver Patrick Ityohegh, has reaffirmed the organisation’s commitment to humanitarian service, stressing the importance of supporting vulnerable people and improving community welfare beyond the annual celebration of Humanitarian Day.

Ityohegh stated this during the organisation’s Cauldron Night and Award Presentation held to commemorate its 2026 Humanitarian Day celebration, theme: “Humanity First: Advancing Hope, Dignity and Community Well-being.” organised by the DNKI Abuja Chapter.

He emphasised that humanitarian service should be a continuous responsibility driven by compassion, solidarity and a commitment to making a meaningful difference in society.

According to him, DNKI’s humanitarian activities reflect its dedication to giving back to society and supporting people in need, while encouraging members to sustain initiatives that promote human dignity and community well-being.

He added that the organisation would continue to strengthen its humanitarian engagements through practical interventions aimed at improving the lives of vulnerable people and promoting community development.

Speaking at the event, the representative of the Abuja Chapter Chairman and Chairman of its Advisory Council, Prince Efiong Okpe, said the organisation’s humanitarian activities extended beyond the annual celebration of Humanitarian Day on October 15.

Okpe explained that DNKI undertook several initiatives throughout the year, including blood donation exercises, visits to hospitals and correctional centres, as well as support for orphanages and other vulnerable groups.

According to him, the organisation also collaborated with humanitarian bodies in the Federal Capital Territory (FCT) to identify areas of need and provide assistance within its available resources.

He described Humanitarian Day as an opportunity for members to renew their commitment to service and demonstrate solidarity with people facing difficult circumstances.

Earlier, the Chairman of the Planning Committee and Coordinator of the DNKI Gwagwalada Zone, Mr Etudaiye Hamzat, disclosed that the chapter had provided financial assistance to some members to help pay their children’s school fees, alongside distributing bags of rice and other relief items to members experiencing hardship.

Hamzat explained that the interventions followed concerns over the difficulties some members faced in meeting their family responsibilities, particularly the rising cost of their children’s education.

He maintained that supporting members in need was consistent with the organisation’s humanitarian principles, adding that DNKI remained committed to extending assistance to non-members and vulnerable communities as part of its commitment to leading by example.

Looking ahead, Hamzat said the Abuja Chapter planned to expand its humanitarian outreach to remote communities within the FCT, with particular attention to orphanages, schools and widows facing difficulties in meeting their family responsibilities.

He also recalled previous interventions for internally displaced persons (IDPs), which included the distribution of food, clothing and educational materials, noting that the chapter intended to scale up such initiatives in the coming year.

The highlight of the event was the presentation of awards to outstanding members and distinguished non-members in recognition of their contributions to humanitarian service.

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