Read Time: 4 minutes
Nigeria is the only member country of the Organization of Petroleum Exporting Countries (OPEC) that imports 90 to 95 per cent of refined petroleum products to meet its domestic consumption, the People’s Alternative Political Movement (TPAP-M) has observed.
TPAP-M while addressing journalists during the weekend, said most other OPEC member countries depend on less than 20% imported refined petroleum products to meet domestic needs.
Comrade Jaye Gaskiya from the TPAP-M Secretariat, while addressing journalists, said subsidy exists because of the price differential between the landing cost of imported fuel and the pump price of fuel. He said the differential exists because Nigeria is totally dependent as a country on imported refined petroleum products.
He said the reason given by the government and previous administrations is the narrative around the price of fuel being much cheaper in Nigeria than in neighbouring countries, due to subsidy, and that this encourages fuel smuggling across the borders.
“Nigeria is the only OPEC member country that imports more than 90 to 95%of refined petroleum products to meet its domestic consumption. For other OPEC member countries, the reverse is the case – virtually every other OPEC member country meets their domestic needs for refined petroleum products through domestic refining.
“Consequently most other OPEC member countries depend on less than 20% imported refined petroleum products to meet domestic needs.
Gaskiya said this government even suggests that the scale of smuggling has increased so much that it now hovers around 50 million litres per day.
He said in January 2012, the GEJ administration unconscionably hiked fuel prices in the name of removing fuel subsidy which led to the uprising, also known as Occupy Nigeria, where for more than two weeks, there were mass protests across more than 55 cities and a mass general workers strike that lasted a week and paralyzed the economy.
“Recall that the exact same reasons pushed ten years ago by the Jonathan administration, are still being pushed by the current Buhari administration as justifications for the fuel price hike.
“Is it that in ten solid years, nothing has changed? And that despite removing the so-called subsidy in 2012, and in 2016, there is still a subsidy to be removed in 2022.
“For as long as we continue to be totally dependent as a country on imported refined petroleum products to meet domestic needs; for as long as our moribund refineries continue to be comatose, and we continue to lack any significant domestic refining capacity; for so long shall we continue to be faced with the problem of hiking fuel price in order to be able to cover landing cost of imported fuel, which is itself also negatively impacted by the deterioration in the value of the Naira against the Dollar”, he noted.
The Comrade said in the ten years since the January Uprising (Occupy Nigeria) of 2012, the four public refineries have remained moribund, while no new public refineries have been built; And this is in spite of the fact that more than $9.5bn have been spent on the Turn Around Maintenance (TAM) of these moribund refineries since then.
“In addition to the over $9.5bn wasted over TAMs since 2012, over the last six years (since 2015), additional $6bn ($2.7bn in Dangote refinery, and more than $3bn in so-called Greenwich refineries program) have been invested in private sector refinery projects by the Federal Government, using public resources, and with nothing to show for it.
“Only recently, a further $1.5bn was appropriated by NASS for the repair of the PH refinery complex; and again with nothing to show for it.
“Yet despite all of these investments totaling approximately $17bn in the refinery sector since 2012, we still as a nation cannot boast of any domestic refining capacity, we still do not have any functional domestic refinery – public or private, and we are still more than 95% dependent on imported refined petroleum products to meet domestic needs”.
The group expressed worry that despite all these failures, no one has been held accountable for this monumental theft of public wealth and sabotage of the economy – either managerially or politically.
In its demand, the group said it rejects in its totality the hike in the price of Gas, and the impending hikes in the price of fuel and electricity tariff.
“We insist that Nigerians cannot and must not be punished for the failures and incompetence of the ruling class and this regime in ensuring access to affordable energy and adequate security and protection.
“We demand that past and present management of the NNPC and the four moribund refineries should be indicted, prosecuted and brought to book for the crass incompetence that has resulted into the failure since 2012, at least, to turn around the fortunes of the refineries and make them work at optimum capacity, thus contributing significantly to Nigeria’s inability to acquire adequate domestic refining capacity.
“We demand that all political office holders who have had responsibility for over-sighting – in executive or legislative capacity, the petroleum sector should be investigated, indicted, and prosecuted,” Comrade Gaskiya said.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
FALSE! Yoruba Not An Official Language In Brazil
Claim: A national newspaper and multiple online platforms claim Brazil has adopted Yoruba as its official language and that the language would be included in primary and secondary schools curriculum.
Verdict: The claim is false. The content of the article published by these online platforms is not new; it has been recirculated several times and has been debunked.
Viral Voice Note On WhatsApp Billing False
Claim: A viral WhatsApp voice note, purportedly made by the director and CEO of WhatsApp, claims users will have to start paying for WhatsApp services.
Verdict: The viral WhatsApp voice note claim is a hoax. The content is not new and has been circulated as a broadcast message several times in the past.
Marburg Virus: What You Need To Know About Disease Recently Detected In West Africa
On Monday, August 9, 2021, the World Health Organisation (WHO) confirmed the first case of Marburg virus in West Africa in Guinea. This development has sent shivers down the spines of West Africans who are still grappling with the effects of the coronavirus pandemic. But before this dreaded disease is greeted by rumours and misinformation, here is what you have to know about the virus.
FACT CHECK: US Did Not Give Nigeria 48 Hours Ultimatum To Detain Abba Kyari
CLAIM: Several social media posts claim the United States of America (USA) gave Nigeria’s Federal Government 48 hours to detain suspended Deputy Police Commissioner, Abba Kyari, or face severe sanctions.
VERDICT: The claim is false and misleading. The US did not give Nigerian Federal Government 48 hours ultimatum to detain Abba Kyari.
Hiya, I’m really glad I have found this information. Today bloggers publish just about gossips and net and this is actually frustrating. A good web site with exciting content, that is what I need. Thank you for keeping this web-site, I’ll be visiting it. Do you do newsletters? Can’t find it.
Hey there I am so glad I found your weblog, I really found you by mistake, while I was searching on Digg for something else, Nonetheless I am here now and would just like to say many thanks for a fantastic post and a all round entertaining blog (I also love the theme/design), I don’t have time to look over it all at the moment but I have saved it and also added your RSS feeds, so when I have time I will be back to read a great deal more, Please do keep up the superb work.
Good write-up, I’m regular visitor of one’s website, maintain up the nice operate, and It’s going to be a regular visitor for a lengthy time.
I have been browsing online more than three hours lately, but I by no means discovered any interesting article like yours. It is beautiful price sufficient for me. Personally, if all web owners and bloggers made excellent content as you probably did, the internet can be much more useful than ever before.
Hi! I know this is kind of off topic but I was wondering which blog platform are you using for this site? I’m getting sick and tired of WordPress because I’ve had problems with hackers and I’m looking at alternatives for another platform. I would be awesome if you could point me in the direction of a good platform.
Can I just say what a reduction to find someone who actually knows what theyre speaking about on the internet. You definitely know easy methods to bring an issue to gentle and make it important. More folks must learn this and understand this side of the story. I cant believe youre not more in style since you definitely have the gift.
Hi, Neat post. There’s a problem together with your website in internet explorer, would test this… IE still is the marketplace leader and a big component to people will miss your fantastic writing because of this problem.
I truly appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thx again
Those are yours alright! . We at least need to get these people stealing images to start blogging! They probably just did a image search and grabbed them. They look good though!
Hello, i think that i saw you visited my blog thus i got here to “go back the desire”.I’m attempting to to find things to enhance my web site!I guess its adequate to use some of your ideas!!
There’s noticeably a bundle to know about this. I assume you made sure good points in options also.
Hello.This post was extremely motivating, especially since I was browsing for thoughts on this topic last couple of days.
Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to far added agreeable from you! By the way, how can we communicate?
FitSpresso is a weight loss supplement developed using clinically proven ingredients extracted from natural sources.
You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and extremely broad for me. I am looking forward for your next post, I’ll try to get the hang of it!
Java Burn: What is it? Java Burn is marketed as a natural weight loss product that can increase the speed and efficiency of a person’s natural metabolism, thereby supporting their weight loss efforts
Good write-up, I’m normal visitor of one’s website, maintain up the nice operate, and It is going to be a regular visitor for a long time.
You should participate in a contest for probably the greatest blogs on the web. I will recommend this website!
Ikaria Lean Belly Juice is a dietary supplement that helps in losing weight.
Prodentim: What is it? Some of the finest and highest quality ingredients are used to produce Prodentim, an oral health supplement
Tonic Greens is a natural health supplement created to help improve immune health.
Java Burn is the world’s first and only 100 safe and proprietary formula designed to boost the speed and efficiency of your metabolism by mixing with the natural ingredients in coffee.
I’ve been browsing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my view, if all website owners and bloggers made good content as you did, the web will be a lot more useful than ever before.
This web site is really a walk-through for all of the info you wanted about this and didn’t know who to ask. Glimpse here, and you’ll definitely discover it.
I love it when people come together and share opinions, great blog, keep it up.
Renew: An Overview. Renew is a dietary supplement formulated to aid in the weight loss process by enhancing the body’s regenerative functions
Lottery Defeater Software is a fully automated, plug-and-play system designed to significantly improve your chances of winning the lottery.
Heya i am for the primary time here. I came across this board and I in finding It truly useful & it helped me out much. I’m hoping to give one thing back and aid others like you helped me.
I think this internet site holds some rattling excellent information for everyone. “It is easy enough to define what the Commonwealth is not. Indeed this is quite a popular pastime.” by Elizabeth II.
Your home is valueble for me. Thanks!…
I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post…
I’ve been absent for a while, but now I remember why I used to love this site. Thank you, I¦ll try and check back more often. How frequently you update your website?
obviously like your web site but you have to test the spelling on quite a few of your posts. Many of them are rife with spelling problems and I find it very troublesome to tell the truth however I will surely come again again.
Its like you read my mind! You appear to know so much about this, like you wrote the book in it or something. I think that you could do with a few pics to drive the message home a bit, but instead of that, this is fantastic blog. A fantastic read. I’ll certainly be back.
of course like your website however you have to take a look at the spelling on quite a few of your posts. A number of them are rife with spelling issues and I to find it very bothersome to inform the truth on the other hand I¦ll definitely come again again.
What Is FitSpresso? FitSpresso is a dietary supplement that is made to support healthy fat-burning in the body
I got what you mean ,bookmarked, very nice site.
FitSpresso: An Outline FitSpresso is a weight management formula made using five herbal ingredients.
Howdy! I’m at work browsing your blog from my new iphone! Just wanted to say I love reading your blog and look forward to all your posts! Carry on the excellent work!
Wow! Thank you! I continually needed to write on my site something like that. Can I include a part of your post to my blog?
What is Sugar Defender 24? Jeffrey Mitchell made the Sugar Defender 24. It is a product (Sugar Defender Diabetes) that helps your blood sugar health.
This design is spectacular! You definitely know how to keep a reader amused. Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Fantastic job. I really loved what you had to say, and more than that, how you presented it. Too cool!
I got what you intend,saved to favorites, very nice internet site.
so much excellent info on here, : D.
I have been exploring for a little for any high quality articles or blog posts on this sort of area . Exploring in Yahoo I at last stumbled upon this website. Reading this info So i’m happy to convey that I have a very good uncanny feeling I discovered just what I needed. I most certainly will make certain to do not forget this web site and give it a glance on a constant basis.
The next time I read a weblog, I hope that it doesnt disappoint me as a lot as this one. I mean, I do know it was my choice to read, however I actually thought youd have something fascinating to say. All I hear is a bunch of whining about something that you may repair if you happen to werent too busy looking for attention.
This is a very good tips especially to those new to blogosphere, brief and accurate information… Thanks for sharing this one. A must read article.
I went over this internet site and I conceive you have a lot of great info , saved to favorites (:.
Sweet site, super pattern, real clean and utilize genial.
It is appropriate time to make some plans for the future and it is time to be happy. I have read this put up and if I could I desire to counsel you few interesting issues or advice. Perhaps you could write subsequent articles regarding this article. I desire to learn more things about it!
Good info. Lucky me I reach on your website by accident, I bookmarked it.
I have read some just right stuff here. Certainly worth bookmarking for revisiting. I wonder how so much effort you put to make the sort of wonderful informative web site.
Pretty component to content. I just stumbled upon your site and in accession capital to say that I get in fact loved account your weblog posts. Anyway I will be subscribing to your feeds or even I achievement you get right of entry to consistently fast.
You completed some nice points there. I did a search on the matter and found mainly folks will agree with your blog.
Valuable information. Fortunate me I discovered your web site unintentionally, and I am shocked why this coincidence did not happened earlier! I bookmarked it.
Would love to forever get updated great weblog! .
Great blog here! Also your website loads up fast! What host are you using? Can I get your affiliate link to your host? I wish my site loaded up as quickly as yours lol
Hello my family member! I wish to say that this article is awesome, great written and include almost all significant infos. I?¦d like to see extra posts like this .
I was just looking for this information for a while. After 6 hours of continuous Googleing, finally I got it in your site. I wonder what is the lack of Google strategy that do not rank this kind of informative websites in top of the list. Generally the top web sites are full of garbage.
Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!
Hmm is anyone else encountering problems with the images on this blog loading? I’m trying to figure out if its a problem on my end or if it’s the blog. Any feed-back would be greatly appreciated.
I am extremely impressed with your writing skills as well as with the format for your weblog. Is this a paid theme or did you modify it yourself? Anyway keep up the excellent quality writing, it is rare to look a great weblog like this one these days..
I really appreciate this post. I?¦ve been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thx again
What is Gluco6? Gluco6 is a revolutionary dietary supplement designed to help individuals manage their blood sugar levels naturally.
Simply wanna input on few general things, The website design is perfect, the subject matter is real excellent : D.
I want looking at and I conceive this website got some genuinely useful stuff on it! .
I found your weblog website on google and examine a couple of of your early posts. Proceed to maintain up the superb operate. I simply extra up your RSS feed to my MSN Information Reader. Looking for forward to reading more from you afterward!…
Some times its a pain in the ass to read what blog owners wrote but this internet site is very user genial! .
Hiya very cool web site!! Guy .. Excellent .. Amazing .. I’ll bookmark your blog and take the feeds alsoKI am happy to search out numerous useful information here within the publish, we’d like work out extra techniques in this regard, thank you for sharing. . . . . .
Saved as a favorite, I really like your blog!
Your style is so unique compared to many other people. Thank you for publishing when you have the opportunity,Guess I will just make this bookmarked.2
It is really a great and useful piece of information. I am glad that you shared this helpful info with us. Please keep us up to date like this. Thanks for sharing.
Dead composed subject material, Really enjoyed looking at.
I’ve been surfing online more than three hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my view, if all website owners and bloggers made good content as you did, the internet will be a lot more useful than ever before.
What i do not realize is if truth be told how you are now not actually much more smartly-liked than you may be right now. You are so intelligent. You realize therefore significantly on the subject of this subject, produced me personally consider it from a lot of numerous angles. Its like men and women aren’t fascinated except it is one thing to accomplish with Lady gaga! Your individual stuffs nice. At all times maintain it up!
Excellent read, I just passed this onto a colleague who was doing a little research on that. And he just bought me lunch since I found it for him smile Therefore let me rephrase that: Thanks for lunch!
Great post. I was checking continuously this blog and I am impressed! Extremely useful information specifically the last part 🙂 I care for such info a lot. I was looking for this particular info for a very long time. Thank you and good luck.