The Nigerian National Petroleum Company Limited (NNPCL), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and some other critical stakeholders in the Petroleum industry, declared on Wednesday that they should be counted out of any act of economic sabotage in the sector.
This is as Dangote Refinery perceived to be at logger heads with NNPCL on seamless operations, openly stated that 60% of its crude oil is provided for, by NNPCL.
Rebuttal of alleged economic sabotage was publicly made by the Minister of State , Petroleum, Senator Heineken Lokpobiri, the Group Chief Executive Officer of NNPCL , Mallam Mele Kyari and the Chief Executive Officer of NMDPRA , Engineer Farouk Ahmed during presentations before Senate Ad-hoc Committee investigating alleged economic sabotage in the Petroleum Industry.
Specifically the Minister of State for Petroleum in his remarks at the interactive session the Committee had with stakeholders in the sector, said a lot of misinformation has been churned out to the public on roles being played by his Ministry and other agencies in making it inclusive for interested investors.
The planned public hearing by the Committee according to him, would afford Nigerians to know the truth on happenings in the sector.
“Please do us a favour by televising the planned investigative hearing on the alleged economic sabotage in the Petroleum Industry live “, he said.
In his own remarks, the Group Chief Executive Officer of NNPCL, said the Company owned by over 200million Nigerians should be counted out of any act of sabotage.
“We are faithful, loyal and committed to the greatness of this country. We are not criminals, thieves or saboteurs as being alleged through wrong narratives .
“NNPCL under our management and by operational guidelines or relevant provisions of PIA, CAMA etc , is today a profit making company after about 43 years of loses .
“Today from 1.4million barrels it was, months back , production level , has increased to 1.65million barrels per day and will soon hit the expected 2Million barrels per day .
” There is nothing for NNPCL to sabotage because we are out to maximize value and profits for the country . We are not against any domestic refinery because the laws are clear as far as processes and procedures are concerned.
” As requested for by the Hon Minister of State for Petroleum, the planned public hearing on alleged sabotage in the sector , should be televised live , for Nigerians to know the truth of situations on ground “, he said.
Similarly the Chief Executive Officer of NMDPRA, Engr Farouk Ahmed in his brief remarks said the planned public hearing should be televised live for Nigerians to know those indulging in the alleged economic sabotage in the sector.
“A lot of negative stories and narratives have been written and published against us in NMDPRA on how we are carrying out our regulatory functions without us saying telling our own story.
“Gratifyingly, the planned public hearing will give us the appropriate platform of laying our fact bare to Nigerians for them to know who is sabotaging who.
“The investigation should be public and televised live”, he stressed .
In his presentation, the Group Chief Strategy Officer of Dangote Refinery, Aliyu Sulaiman , said out of the 5million crude oil they got in recent time , NNPCL gave them 60% , 20% imported and 20% purchased .
He commended the NNPCL for making the huge supply to Dangote but added that the refinery is a baby that should be supported by all relevant stakeholders to grow and not die.
However in his presentation,a subtle attack was made against Dangote by the National Chairman of Depot and Petroleum Marketers Association of Nigeria ( DAPMAN) Abdulkabir Adisa Aliyu who said Dangote declared N133billion profit on Sugar sales in Nigeria within the last six months .
He said such a feat was made possible for Dangote for allowing him monopolized the Sugar business in Nigeria.
The Petroleum sector he added, should not be allowed to be monopolized by any person or company, saying ” Monopoly kills business .
Similarly, the National President of Independent Petroleum Marketers Association of Nigeria ( IPMAN) , Alhaji Abubakar Shettima in his presentation , loudly admonished the committee against monopoly in the petroleum sector .
” The current value chain in the downstream should be sustained to allow other investors to participate .
” NNPCL is doing its best but should please improve on supply of products to retail outlets across the country to end the incessant queue at filling stations “, he said.
In his opening remarks, the Chairman of the Ad – hoc Committee, Senator Micheal Opeyemi Bamidele ( APC Ekiti Central) , said the committee was not out to witch-hunt any body or group of persons but to unravel identities of those sabotaging the petroleum sector .
He specifically mentioned the alleged importation of hazardous petroleum products and substandard diesel into Nigeria arising from non functionality of government owned refineries in Nigeria .
“In 2021, specifically, the Federal Executive Council approved $1.5 billion for the turn-around maintenance of the Port Harcourt Refinery. Yet, this investment has not yielded significant returns.
“For us, in the Senate, we believe, it is unfair and unpatriotic to treat government businesses or public corporations as an orphan while private businesses are flourishing and thriving”, he said .
The committee has fixed the public hearing for September 10 to 12 , 2024 along with their counterparts from the House of Representatives .
