The GCEO of NNPCL, Mele kyari highlighted that Nigeria currently lacks energy security. He pointed out that half of the population remains without access to electricity, and 70 percent do not have access to clean fuel.

He said, “Today, when we say energy security, the thing that comes quickly to people’s mind is the availability of PMS, I think energy security is not about PMS. It’s beyond this. As a country today, we all know that over 50 per cent of our population doesn’t have access to electricity. Over 70 per cent of our population doesn’t have access to clean, good fuel. This is very true, all of us have said it over and over in the last three to five years.

“Have we taken any specific steps to close that gap in terms of having access to electricity and also access to clean fuel? I believe that substantial work has been done. And without mincing words, NNPC is left with the cross and we are humbly carrying it, proudly carrying it as NNPC Limited.”

Kyari emphasized that the oil and gas sector was never designed with the intention of prioritizing energy supply to the domestic market, stating that this was not its foundational purpose.

He added, “Every investor here, and of course the landscape is changing, don’t mind the fact that things are changing, but every investor here is here to produce oil or gas, export and make money. This is the reality. We as NNPC are left with the cross of making sure that this is made domestically available. That speaks to the availability of products for processing in the domestic market, provision of finished products in the domestic market, and also delivering gas into the domestic market.”

NNPCL halts N24 trillion in fuel imports and sources directly from Dangote refinery.

Mele Kyari, the Group Chief Executive Officer of NNPC, revealed this information on Monday during the current conference hosted by the Nigerian Association of Petroleum Explorationists in Lagos. The conference is focused on the theme ‘Addressing the Nigerian Energy Trilemma: Energy Security, Sustainable Growth, and Affordability.’

He said, “Today, NNPC does not import any product, we are taking only from domestic refineries.”

Kyari refuted the claims suggesting that the NNPC was undermining the operations of the Dangote refinery.

“The point is very far from it and I’m going to speak to it straight. We are very proud part-owners of Dangote refinery, no doubt about it. We saw an opportunity that there is a clear market for at least 300,000 barrels of our production; we know that as time moves on, people will start struggling to find markets for their production.

“It will happen, It’s already happening. Oil is found, as you know, in many unexpected locations across the world and people have choices. Therefore we saw an opportunity to log supply to the domestic refinery, not just Dangote but any other refinery that operates in the country, so it was a very informed business decision.

“Therefore, from day one, we knew that it is to our benefit to supply crude oil to the domestic refinery, so we don’t need to be persuaded; we don’t need anyone to talk to us, there is no need for any pressure from the streets for us to do this. We are already doing this.

“We should never forget that Nigerian crude is ’Lamborghini crude’, if we choose that every product that we have in this country must come from domestic production, then we must deal with pricing. Otherwise, out there in the global market, everybody buys Nigerian crude and blends it with dirtier crude to process, a lot of you will confirm this. So, no one takes Nigerian crude except one or two refineries that I know. Straight processing of Nigerian crude, nobody does this, because you do have a gap in value if you do this.

“Therefore, as a country, and I believe this strongly also, that we must process all the crude that we produce in the country to the optimum. You can do intermediate products and sell to the market, you are still adding value. You don’t have to sell gasoline that is coming from Nigerian production.

“You can do something different so you can process it domestically, but it’s going to be high quality. As we all know and it’s very clear in the media that we are selling high-quality products, that’s very true but you need not do this. You are driving a Keke-Napep and you want Lamborghini fuel, you do not need it. So, the quality issue is a relative thing, it’s by geography, by location, and we will do everything possible to make sure that we domesticate this.

“Today, NNPC does not import any product, we are taking only from domestic refineries. But I also know that we are working jointly with the government to make sure that we manage the issue around prices if we have to source all our supply from the domestic market. It will be an issue and we are already resolving it. I can confirm that substantial work has been done and this will no longer be an issue.”

IPMAN said that the arrangement to procure PMS directly from Dangote Refinery could lead to a reduction in fuel prices.

At a press conference held on Monday in Abuja, Abubakar Garima, the National President of IPMAN, made this announcement after convening with the National Working Committee of the association.

He clarified that the Dangote refinery has required IPMAN to directly source PMS, AGO, and DPK for subsequent distribution to IPMAN storage facilities and sales points. This updated agreement with the Dangote refinery aims to guarantee a consistent and uninterrupted supply of PMS products throughout Nigeria at a reasonable price.

He said, “That this new arrangement with the Dangote refinery will ensure a steady and ceaseless supply of PMS products all over Nigeria, at an affordable rate for Nigerians also.

“All IPMAN members should fully support the Dangote refinery, as it’s the ideal thing to do considering the monumental benefits of backward integration and the medium to long-term impact it will have on the Foreign Exchange markets in Nigeria.

“IPMAN members nationwide should rely on the Dangote refinery and Nigerian rfineries for their white products, as this will translate into ensuring more job opportunities in Nigeria, as well as signify total support for President Bola Tinubu’s Renewed Hope Agenda.”

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“An international trading company has recently hired a depot facility next to the Dangote Refinery, with the objective of using it to blend substandard products that will be dumped into the market to compete with Dangote Refinery's higher quality production.” - Dangote alleged.

The NLC is evaluating the call for a fresh assessment of the minimum wage in light of the increasing cost of living.

The NLC has indicated that it might call on the federal government to undertake a new review of the minimum wage in response to the rising cost of living.

President Joe Ajaero shared this information during the 8th Quadrennial Delegates Conference of the National Association of Nigeria Nurses and Midwives (NANNM). He emphasized that organized labor will firmly advocate for the government to fulfill its commitment to recommission the Port Harcourt, Warri, and Kaduna refineries.

He said: “As it is today, our choices are very limited. It is either we find a way to collectively overcome the forces that are bent on keeping us down as a people or we completely surrender to them while wringing our hands in hopelessness.

“The forces of neoliberalism must be challenged and the trade union movement remains the only viable force in Nigeria and in the world that can creatively engage it and mitigate its stranglehold on our nation.

“We must offer strong counterpoise to their prebendal logic and must proffer newer arguments to triumph over their quest for profit at the detriment of the social will. It is only by remaining strong and united that we can hope to achieve that.

“It is sad, but we cannot afford to keep our public refineries shut while still importing refined petroleum products. We demand a review of our salaries in lieu of its eroded values.

‘’We must together demand the re-commissioning of Port Harcourt, Warri and Kaduna refineries in keeping with the agreement we had with the federal government on the 5th day of October, 2023.

“We therefore counsel the leadership that will emerge today, remember that your role is critical to securing the welfare of our healthcare workers. True leadership transcends titles and positions; it is reflected in the impact you have on the lives of those you serve.

“Advocating for fair working conditions, championing healthcare workers’ rights, and striving for equity are not just duties—they are the marks of meaningful leadership.”

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