Sunrise News
Advertisement
Wednesday, July 2, 2025
  • About
  • Advertise
  • Contact
  • Breaking News
  • Business
  • Columnist
  • Entertainment
  • Opinion
  • Politics
  • World News
No Result
View All Result
  • About
  • Advertise
  • Contact
  • Breaking News
  • Business
  • Columnist
  • Entertainment
  • Opinion
  • Politics
  • World News
No Result
View All Result
Sunrise News
No Result
View All Result
Home Business OIl & Gas

Energy expert urges Tinubu to end petrol import racket, prioritise local refining

Sunrise by Sunrise
February 9, 2025
in OIl & Gas
0
2024: TINUBU’S EPIPHANY

President Bola Tinubu

0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Energy expert Dan Kunle has warned that the continued importation of petrol and diesel by the Nigerian National Petroleum Corporation (NNPC) Limited and certain marketers, despite the Dangote Petroleum Refinery’s capacity to meet domestic demand, is a disservice to the country.

Recent reports indicate that NNPC, Oil Marketers Spent N5.5tn on Petrol, Diesel Importation in Four Months.

Also Read
APC: Ganduje will be succeeded in acting capacity by National Vice Chairman – Bashir Ahmed

Speaking on a programme on Arise TV on Sunday, Dan Kunle likened the massive importation of petrol and diesel by NNPC and some marketers over the past four months to the notorious ‘cement Armada’—a scandal from the 1970s, during Nigeria’s oil boom, where hundreds of cement-laden ships flooded the ports, causing years of congestion.

Kunle expressed his disappointment that, despite President Bola Tinubu’s directive and the Federal Executive Council’s decision to allocate local crude oil to domestic refineries, relevant government agencies are blatantly disregarding these directives with no consequences.

Also Read
Nigerian troops kill 76 Boko Haram terrorists, Chad kills 48

“I was expecting a transition following the Federal Executive Council’s decision in October 2024 to allocate local crude to domestic refineries, with Dangote Refinery being the key player due to its technical capacity. However, the situation hasn’t changed, and we’re still seeing a massive influx of imported fuel. It’s still a full import Armada, similar to the cement Armada. The level of imports we’re witnessing is unprecedented, raising serious concerns about what’s really going on. Is it an attempt to flood the market, introduce substandard fuel into Nigeria, and possibly frustrate Dangote Refinery? The mistake here is that Dangote Refinery is operational, already refining 550,000 bpd and producing high-quality products. This importation is completely unnecessary. It’s time to urge the president to act and end this petrol import racket once and for all,” he stated.

Also Read
Liverpool’s Van Dijk faces fitness test ahead of Chelsea clash

Kunle emphasised that it defies logic for certain individuals to continue pushing for imports, especially when countries like the United States are protecting domestic industries to boost their own economies. He added that the Dangote Refinery could ensure energy security, something the regulatory authorities have neglected for years.

He called on President Tinubu to demand a transition timetable from the relevant authorities outlining when Nigeria will shift from being an importer of refined products to a net exporter. Stressing that Dangote Refinery is a strategic national asset, Kunle urged the government to remove obstacles to its smooth operation.

Also Read
Sarri will help Hazard reach his potential, insists Zola

“The Dangote Refinery is a national strategic asset. There’s no need for a court case. The federal government should step in. We don’t need a legal battle; the government should ask NMDPRA for a transition timetable to move us from importing petrol to self-sufficiency. If the president stays aloof, it will harm the country. No new investments will come if you treat an investment like Dangote’s as an enemy. The importers are the true enemies,” he said.

Kunle stressed that with Dangote Refinery’s capacity and the reported revival of the Port Harcourt and Warri refineries, Nigeria should be transitioning from reliance on oil imports to becoming a net exporter of refined petroleum products.

Share this:

  • Click to share on X (Opens in new window)X
  • Click to share on Facebook (Opens in new window)Facebook
Tags: Dangote RefineryOil&GasPetrol Import
Previous Post

US-based teenage fencer chooses to represent Nigeria

Next Post

Women groups score Lagos Assembly high on Meranda's emergence

Sunrise

Sunrise

Related Posts

NLNG commissions Medical Laboratory Complex in Bauchi
OIl & Gas

NLNG commissions Medical Laboratory Complex in Bauchi

June 27, 2025
OIl & Gas

“I Am a Northerner” – NNPC chief Ojulari vows to continue oil search in Northern Nigeria

May 14, 2025
NNPC, Dangote strengthen strategic partnership
OIl & Gas

NNPC, Dangote strengthen strategic partnership

May 9, 2025
Next Post
Mojisola Meranda: What you need to know about 1st Lagos Female Speaker

Women groups score Lagos Assembly high on Meranda's emergence

PlusWorldPlusWorldPlusWorld

You might have missed this

  • Experts List Seven Benefits Of Breast Sucking To Women

    Experts List Seven Benefits Of Breast Sucking To Women

    0 shares
    Share 0 Tweet 0
  • Nigerian Staff of popular Chinese phone company threaten strike, accuse bosses of maltreatment

    0 shares
    Share 0 Tweet 0
  • Qudriyyah Movement of Lagos Celebrates Governor Sanwo-Olu at 60, Offers Prayers for Continued Wisdom and Prosperity

    0 shares
    Share 0 Tweet 0
  • Food Safety: NAFDAC, Ministry of Health partners NGO…gives five safer food keys

    0 shares
    Share 0 Tweet 0
  • NRC signs MOU with 4 Polytechnic, varsity on railway engineering training

    0 shares
    Share 0 Tweet 0
  • NSCDC Mining Team intercept trailer load of stolen railway material

    0 shares
    Share 0 Tweet 0
  • Beneficiaries of past misgovernance desperate to malign Tinubu led gov’t will fail—Dr. Adefuye

    0 shares
    Share 0 Tweet 0
  • NIMC trains corps members for nationwide NIN ward enrolment

    0 shares
    Share 0 Tweet 0
  • Full list of chairmen/vice chairmen for 20 local governments and 37 LCDAs in Lagos State

    0 shares
    Share 0 Tweet 0
  • Salome Adaidu: Court sentences gospel singer Timileyin to death by hanging

    0 shares
    Share 0 Tweet 0

Recent News

Kogi’s Domestic Debt now 5th Lowest Nationwide—DMO

Kogi’s Domestic Debt now 5th Lowest Nationwide—DMO

July 2, 2025
Lagos: Jandor rallies support for APC candidates, inaugurates Independent Campaign Group ahead of July 12 in LG election

Lagos: Jandor rallies support for APC candidates, inaugurates Independent Campaign Group ahead of July 12 in LG election

July 2, 2025
Tinubu to Saint Lucian Students: Education is your greatest tool, be bold, disciplined and committed

Tinubu to Saint Lucian Students: Education is your greatest tool, be bold, disciplined and committed

July 2, 2025

“This is a very inspiring moment for me,” says Nigerian Medical student in Saint Lucia after meeting President Tinubu and Prime Minister Pierre

July 2, 2025
Sunrise News

© 2025 Sunrise NG

Navigate Site

  • About
  • Advertise
  • Contact
  • Breaking News
  • Business
  • Columnist
  • Entertainment
  • Opinion
  • Politics
  • World News

Follow Us

No Result
View All Result
  • Breaking News
  • Business
  • Entertainment
  • Columnist
  • Featured
  • Health
  • Politics
  • Sports
  • Trending News
  • World News
  • Yoruba News
  • More

© 2025 Sunrise NG

WhatsApp Sunrise News