The 16th Emir of Kano, Muhammadu Sanusi II has revealed that the people in the Nigeria National Petroleum Corporation NNPC, do not want to end their lucrative subsidy scam.
This comes amid a dispute between the Dangote refinery and Nigeria’s regulatory authorities in Nigeria.
NNPC argues that relying on one refinery is bad for the country’s energy security, the Emir said this conclusion “is most laughable”
On the contrary, relying on a local refinery is far more secure than these imports. It is a very rich argument from an entity that had taken billions of dollars in the name of turnaround maintenance & not produced a drop of product from 4 refineries.
If NNPC activated its refineries there would be no monopoly. Then we can see the sulphur content of its products & compare them to Dangote’s.” Until then keeping quiet is the honourable option for it, NNPC & its spinoffs have lost any right to talk until they fix the m£ss they have thrown us into
In any case if the Dangote refinery is unable to meet local demand, the gap can be filled by imports & people in NNPC do not want to end their lucrative subsidy scam & I don’t think they will end it.
On June 4, Dangote said some IOCs were struggling to supply crude to his refinery.
Speaking on Arise TV on July 15, Gbenga Komolafe, chief executive officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) described the claim as “erroneous”, noting that the Petroleum Industry Act (PIA) has provisions that guide willing buyer-willing seller transactions.
But a few days later, the management of Dangote Industries Limited insisted that the IOCs were frustrating its request to purchase crude feedstock for the refinery.
On July 18, Farouk Ahmed, chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said local refineries, including the Dangote refinery, were producing inferior products compared to imported ones.
|Instablog9ja, Cable News
