Connect with us

Uncategorized

Economic Sabotage: NICOCSO Raises Concerns Over NNPCL’s Continuous Fuel Importation

Published

on

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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.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

Uncategorized

National Trail Mourns Pioneer Editor, Abdulazeez Suleiman

Published

on

Inna Lillahi wa Inna Ilaihir-Raji’un.

The Chairman and Editor-in-Chief of , Hon. Inuwa Bwala, on behalf of the management and staff, has expressed deep sorrow over the death of veteran journalist and pioneer editor of the newspaper, Abdulazeez Suleiman.
Bwala also extended condolences to Suleiman’s family, associates and the Nigerian media industry, describing his passing as a monumental loss at a time his experience, courage and service to the nation were still greatly needed.
Suleiman reportedly died shortly before a scheduled surgery.
A pioneer editor of National Trail Newspaper, Abdulazeez Suleiman was regarded as a thoroughbred journalist with a remarkable talent for breaking exclusive stories and shaping public discourse through responsible journalism.
Throughout his distinguished career, he worked with notable media organisations, including National Trail Newspaper, Daily Trust, Summit and The Road. He earned widespread admiration for fearless reporting, ethical conduct and unwavering commitment to professionalism.
His writings and public interventions consistently reflected deep concern for justice, peace, accountability and national unity.

Beyond journalism, Suleiman was widely respected as a bridge-builder who strongly believed in dialogue, mutual understanding and peaceful coexistence among Nigeria’s diverse peoples. He remained steadfast in his conviction that truth and justice are essential pillars for national progress.

Though his voice has now gone silent, the values and ideals he stood for will continue to inspire generations. His legacy as a principled journalist, advocate and patriot will endure in the hearts of many whose lives he touched through his work and humanity.
The management and staff of National Trail Newspaper prayed Almighty Allah to forgive his shortcomings, grant him Aljannatul Firdaus and comfort his family, friends, colleagues and members of the in this moment of grief.
Rest in peace, Abdulazeez Suleiman. Your service and legacy will not be forgotten.

Continue Reading

Uncategorized

JUST IN: After Primary Election Victory, Shehu Sani Visits Parents’ Graves to Offer Prayers and Express Gratitude to God

Published

on

Following his victory in the party primary election, Senator Shehu Sani visited the graves of his parents to pray and give thanks to Almighty God.

The former senator described the visit as very important to him, noting that his parents played a significant role in his upbringing and in shaping his political life.

Shehu Sani prayed for Allah to forgive his parents and all deceased Muslims, while also reaffirming his commitment to continue serving the people with honesty and integrity after securing victory in the primaries.

The gesture has attracted attention from his supporters and social media users, many of whom praised his act of remembering his parents after a political success.

Continue Reading

Uncategorized

National Trail Mourns Pioneer Editor, Abdulazeez Suleiman

Published

on

Inna Lillahi wa Inna Ilaihir-Raji’un.

The Chairman and Editor-in-Chief of , Hon. Inuwa Bwala, on behalf of the management and staff, has expressed deep sorrow over the death of veteran journalist and pioneer editor of the newspaper, Abdulazeez Suleiman.
Bwala also extended condolences to Suleiman’s family, associates and the Nigerian media industry, describing his passing as a monumental loss at a time his experience, courage and service to the nation were still greatly needed.
Suleiman reportedly died shortly before a scheduled surgery.
A pioneer editor of National Trail Newspaper, Abdulazeez Suleiman was regarded as a thoroughbred journalist with a remarkable talent for breaking exclusive stories and shaping public discourse through responsible journalism.
Throughout his distinguished career, he worked with notable media organisations, including National Trail Newspaper, Daily Trust, Summit and The Road. He earned widespread admiration for fearless reporting, ethical conduct and unwavering commitment to professionalism.
His writings and public interventions consistently reflected deep concern for justice, peace, accountability and national unity.

Beyond journalism, Suleiman was widely respected as a bridge-builder who strongly believed in dialogue, mutual understanding and peaceful coexistence among Nigeria’s diverse peoples. He remained steadfast in his conviction that truth and justice are essential pillars for national progress.

Though his voice has now gone silent, the values and ideals he stood for will continue to inspire generations. His legacy as a principled journalist, advocate and patriot will endure in the hearts of many whose lives he touched through his work and humanity.
The management and staff of National Trail Newspaper prayed Almighty Allah to forgive his shortcomings, grant him Aljannatul Firdaus and comfort his family, friends, colleagues and members of the in this moment of grief.
Rest in peace, Abdulazeez Suleiman. Your service and legacy will not be forgotten.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.