• About
  • Advertise
  • Contact
Thursday, October 23, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home News

End Petrol Import Racket, Prioritise Local Refining, Energy Expert Urges President Tinubu

Vital News by Vital News
February 9, 2025
in News, Oil & Gas
0
End Petrol Import Racket, Prioritise Local Refining, Energy Expert Urges President Tinubu
Share on FacebookShare on Twitter

Energy expert, Dan Kunle says the continued importation of petrol and diesel by the Nigerian National Petroleum Corporation (NNPC) Limited and some 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.

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.

“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.

RelatedStories

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme

Oyo Dares FG Over Lands, Says ARCEDEM, Radio Nigeria, NTA, NIHORT Lands Acquired In Public Interest

Professor Amupitan Resumes Office As New INEC Chairman

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

“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 are 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 said.

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.

The Expert then 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.

While stressing that Dangote Refinery is a strategic national asset, Kunle urged the government to remove obstacles to its smooth operation.

“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 stated.

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.
(vitalnewsngr.com)

Tags: dieselexpertImpostPetrol
Previous Post

Mrs Abdulrazaq Advocates Stronger Laws To Combat Girl-Child Abuse In Kwara

Next Post

FG’s Approval Of University In Ogoniland Will Help Heal Old Wound – TDF

Vital News

Vital News

RelatedStories

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme
Economy

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme

October 23, 2025
Your Exit Will Not In Anyway Affects Fortune Of PDP – Makinde To Atiku
Environment

Oyo Dares FG Over Lands, Says ARCEDEM, Radio Nigeria, NTA, NIHORT Lands Acquired In Public Interest

October 23, 2025
Professor Amupitan Resumes Office As New INEC Chairman
News

Professor Amupitan Resumes Office As New INEC Chairman

October 23, 2025
Dangote Denies Ownership Of Truck Involved In Enugu Accident
News

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

October 23, 2025
Trailer Crushes Female University Lecturer To Death In Lokoja
Education

Trailer Crushes Female University Lecturer To Death In Lokoja

October 23, 2025
Next Post
TDF Hails Success Of Pilot Phase Of Free C-section Initiative

FG's Approval Of University In Ogoniland Will Help Heal Old Wound - TDF

Gov. Ododo Commiserates With Oyo Over Death Of 35 Children In Stampede

Insecurity : Ododo Seeks Closer Collaboration Among Security Agencies To Overcome Challenge

FEC’s Approval Of N4.2trn projects, Clear Sign Tinubu Is Turning Nigeria Into Huge Construction Site – TMV

Leave a Reply Cancel reply

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

Follow Us

Recommended

Kippa Announces $8.4mln In Funding For Merchants On Its Platform In Nigeria

3 years ago
Maldives To Confer “Special Recognition Award” On Sunday Dare, Nigeria’s Sports Minister

Maldives To Confer “Special Recognition Award” On Sunday Dare, Nigeria’s Sports Minister

3 years ago

3 die, 2 rescue from Kogi fuel tanker fire accident

3 years ago
Akpabio Says NASS Will Do All To Protect Dangote Refinery

Akpabio Says NASS Will Do All To Protect Dangote Refinery

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu US
No Result
View All Result

Highlights

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

Trailer Crushes Female University Lecturer To Death In Lokoja

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

‎IMPI Revises Inflation Rate Projection To 14% From 17% For December

Trending

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme
Economy

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme

by Vital News
October 23, 2025
0

The Olubadan of Ibadanland, Oba Rashidi Adewolu Ladoja has set up a committee to revamp moribund industries...

Your Exit Will Not In Anyway Affects Fortune Of PDP – Makinde To Atiku

Oyo Dares FG Over Lands, Says ARCEDEM, Radio Nigeria, NTA, NIHORT Lands Acquired In Public Interest

October 23, 2025
Professor Amupitan Resumes Office As New INEC Chairman

Professor Amupitan Resumes Office As New INEC Chairman

October 23, 2025
Dangote Denies Ownership Of Truck Involved In Enugu Accident

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

October 23, 2025
Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

October 23, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme October 23, 2025
  • Oyo Dares FG Over Lands, Says ARCEDEM, Radio Nigeria, NTA, NIHORT Lands Acquired In Public Interest October 23, 2025
  • Professor Amupitan Resumes Office As New INEC Chairman October 23, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In