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Economic Sabotage: Over 407 Ethnic Nationalities Youth Leaders Demand Removal Of Mele Kyari Over NNPCL/IOC Cabal War Against Local Refineries

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The Apex umbrella body for the over 407 Ethnic Nationalities Youth Leaders in Nigeria, on Tuesday, called for the immediate sack of the General Managing Director, CEO, of the Nigerian National Petroleum Corporation Limited, NNPCL, Mele Kyari. They accused Kyari of sabotaging the fixing of indigenous refineries to the benefit of the subsidy cartel….Read The Full Story Here ▶

This formed part of a communique issued by the Nigeria Ethnic Nationality Youth Leaders Council Worldwide on Tuesday after their meeting in Abuja.

The communique made available to journalists was endorsed by Comrade Terry Obeih, President General, Niger Delta Ethnic Nationalities Youth Leaders/NENYLCW, Alhaji Balarabe Rufai, President, Northern Youth Council/ Vice President, NENYLCW, Aare Oladotun Hassan Esq, President, Yoruba Council of Youths Worldwide/ Secretary General, NENYLCW, Mazi Okwu Nnabuike, National President, Ohanaeze Ndigbo Youth Council Worldwide/ Publicity Secretary, NENYLCW, Comrade Emmanuel Zopmal, President, Middle-Belt Youth Council/ Organising Secretary, NENYLCW and Alhaji Hamisu Dass, President, North-East Youth Assembly/Treasurer, NENYLCW.

The youth leaders accused the Kyari-led NNPCL of sabotaging the smooth take-off of both the government-owned refinery and the Dangote group-owned refinery.

This stand is coming amid outcry by Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), that International Oil Companies, IOCs, were frustrating the Dangote Refinery’s commencement of fuel supply by selling crude oil at higher prices.

Edwin said the IOCs were intentionally obstructing the refinery’s efforts to purchase local crude by inflating premium prices above market rates, compelling the refinery to import crude from distant countries like the United States, leading to significantly higher costs.

The youth leaders, while describing the situation as unacceptable, said it was strange that all the hopes the citizens placed on the Dangote refinery to bring down the cost of fuel were being frustrated.

According to the group, “we met today, Tuesday, the 25th day of June, 2024 and reviewed the economic situation in the country as it affects the common masses.

“After a thorough analysis of the situation, it is our considered finding that the NNPCL is sabotaging the effort of the government towards making fuel affordable for Nigerians. There is a serious matter considering that Nigeria is operating a mono-economy, and as such whatever happens to fuel price, has a spiral effect.

“We want to start by recalling that earlier in March this year, the NNPCL CEO Mele Kyari, promised Nigerians that within two weeks, the Port Harcourt refinery would begin production.

“The CEO, who gave that assurance during his appearance before the Senate ad-hoc committee that was investigating the Nigerian Refineries’ Turn Around Maintenance (TAM) Projects, went as far as stating that more than 450,000 barrels of oil were stored at the Port Harcourt refinery.

“He said then that ‘We did a mechanical completion of the refinery; that was what we said in December. We now have crude oil already stocked in the refinery. We are doing regulatory compliance tests that must happen in every refinery before you start it, and I assure you that this Port Harcourt refinery will start in the next two weeks. Completing the mechanical work means that you are done with the rehabilitation work, now you have to test to see how it works. Of course, we have also completed the mechanical work on the Warri refinery. It is also undergoing regulatory compliance; processes that we are doing with our regulator, and this will soon be completed and it will be ready. Lastly, all the crude lines supplying crude to Port Harcourt and Warri are very active and we have delivered over 450, 000 barrels of oil into Port Harcourt refinery. We are confident of the integrity of it. There may be security issues, but the government is responding to that.’

“We then find it so strange that three months after that vague promise, there is no sign that the refinery would begin operation any time soon.

“To make the matters worse, just a few days ago, Mr Devakumar Edwin, the Vice President of Oil and Gas at Dangote Industries Limited (DIL), accused International Oil Companies, IOCs, of frustrating the Dangote Refinery’s commencement of fuel supply by selling crude oil at higher prices. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

“Edwin emphatically said that the IOCs were intentionally obstructing the refinery’s efforts to purchase local crude by inflating premium prices above market rates, compelling the refinery to import crude from distant countries like the United States, leading to significantly higher costs.

“These are not matters to be swept under the carpet; they are both interconnected and have to be addressed by the Federal Government.

“The indices point that a certain cabal in the NNPCL has vowed never to allow local refinery of petroleum products in Nigeria, all in a bid to remain as the sole importer of the commodity and exploit Nigerians.

“We declare today that enough is enough; Nigerians have suffered enough, whereas a few people are feeding fat.

“The liberalization of the petroleum industry was meant to be a blessing to the country but the reverse is the case, this is not to talk of the PIB which also talks of giving consideration to local refineries, but none of this is happening.”

The youth groups said since the NNPCL had shown lack of capacity to manage the industry, “the only honourable thing for Mela Kyari, the MD to do is to resign. However, should he fail to do so, we urge the President, Bola Ahmed Tinubu to sack him without further delay.

“Should Kyari fail to resign, the youths will not hesitate to mobilize for a national protest that will shut down the country if that is the only way to rescue Nigeria.

“It is clear that NNPCL under Kyari is bent on frustrating the President’s economic agenda, thereby worsening the suffering of the citizens and this is not good for the government.

“The NNPCL is clearly frustrating indigenous refining of fuel in order to continue importation, which is benefiting the subsidy cartel.

“The National Assembly led by Senator Godswill Akpabio should immediately within 7 days summon the courage to probe Mr Mele Kyari led NNPCL.

“We know that once we have our own local petroleum production refineries working at full capacity, where our local crude oil will be supplied directly to the aforementioned refineries either privately or government owned, the suffering of the masses will be alleviated.

“As we reaffirm our support for Mr President, it is our hope that he will take this bold action in the interest of the country.”

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China Blasts ‘Destructive’ US in Brutal Response as Tariff War Heats Up –

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China is telling the United States to stop acting like it’s being treated unfairly by the rest of the world. In a recent article from China Daily, they pushed back strongly against Donald Trump’s claims that other countries are cheating the US in global trade. China is saying that the US is not a victim at all, and the real problem lies within the US itself.

According to the article, the US has been living a lifestyle it can’t really afford. It buys more things than it produces, borrows money to keep its economy going, and has moved a lot of its manufacturing jobs to other countries. China argues that the US is now blaming other nations for problems it created on its own. For example, when the US sees a trade deficit — which means it buys more from a country than it sells — it assumes it’s being cheated. But China says this is a misunderstanding of how trade works.

They explain that just because the US buys more goods from other countries doesn’t mean it’s being taken advantage of. In fact, the US makes a lot of money by selling services, like tech, finance, and media, to the rest of the world. So overall, the US actually benefits from global trade more than it wants to admit…Click Here To Continue Reading>> …Click Here To Continue Reading>>

 

The article also criticizes the US for starting a trade war based on this false belief. Donald Trump raised tariffs on Chinese goods, making it more expensive for American businesses and shoppers to buy them. China responded by raising tariffs on US goods too. Instead of helping the situation, this back-and-forth has only made things worse for both sides. China describes these tariffs as reckless and harmful, saying they don’t solve anything and only create more problems. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

China is also frustrated because while the US complains about unfair treatment, it still expects to have the biggest say in how global trade is run. China believes the US wants to make all the rules, but doesn’t want to play by them. That kind of attitude, they say, is not helpful.

The article finishes by saying that instead of complaining and making threats, the US should work together with other countries to build a fair and modern trade system. One that benefits everyone, not just a few powerful countries. China’s message is clear: stop blaming others, take responsibility, and start acting like a real partner in the global economy.

 

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Vladimir Putin Offers to End War If Trump Agrees to This One Shocking Deal –

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On April 22, a report from the Financial Times, shared by Reuters, said that Russian President Vladimir Putin has offered to stop the war in Ukraine but only if the front lines stay where they are right now. This idea was brought up as part of talks with former U.S. President Donald Trump, who is trying to play a role in negotiating peace.

According to the report, Putin had this conversation in St. Petersburg earlier this month with Steve Witkoff, who is known to be close to Trump and is acting as his special representative in the talks. During their meeting, Putin reportedly said that Russia might be willing to give up its claims to certain parts of Ukraine specifically, areas within four regions that are only partially controlled by Russian forces and still have Ukrainian troops in them…Click Here To Continue Reading>> …Click Here To Continue Reading>>

 

What Putin seems to be suggesting is a deal where Russia would stop advancing, and the war would basically freeze in place. That means the land Russia already controls would stay under its control, but they wouldn’t push further into Ukraine. In exchange, Russia would no longer demand the rest of the territories they originally wanted.

This is a big shift, if true, because until now, Russia has been fighting to take over more of Ukraine. Freezing the war could be seen as a way to stop the bloodshed without either side officially “winning.” But it’s important to note that neither side—Russia or Ukraine—has officially agreed to this yet, and Ukraine has said many times that they want all of their land back, including Crimea, which Russia took in 2014. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

Trump’s involvement in the talks is also a major detail, since he isn’t currently president. However, with the U.S. elections coming up, it shows that behind-the-scenes discussions are already happening about what the future of the war could look like depending on who’s in charge.

So far, there hasn’t been an official confirmation from the Russian or U.S. governments about the offer, and Ukraine hasn’t made a public comment on this specific report. But if these talks are real, they could be an early sign that both sides are looking for a way to end the war—even if it means making big compromises.

 

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12 States Sue Trump Over ‘Illegal’ Tariffs That Could Send Prices Soaring and Jobs Disappearing –

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Twelve U.S. states have taken legal action against the Trump administration, accusing it of unlawfully raising taxes on Americans through tariffs. These tariffs were put in place using a law called the International Emergency Economic Powers Act (IEEPA), which gives the president special powers during national emergencies. But the lawsuit argues that this law was never meant to be used to create tariffs and that Trump has gone beyond what the law allows.

The states claim that in the 50 years since the law was created, no president has used it to put tariffs in place, even during times when the country faced serious drug-related issues or major trade deficits. They believe Congress never intended for the law to be used in this way…Click Here To Continue Reading>> …Click Here To Continue Reading>>

 

This group of states joins others who have already sued the Trump administration over the same issue. A group of small businesses and a civil rights organization have also filed lawsuits saying the administration doesn’t have the legal authority to impose these tariffs.

The Trump administration argues that the U.S. trade deficit is a national emergency, which gives the president the right to act under the IEEPA. But the states disagree, saying the tariffs will actually hurt Americans by making everyday goods more expensive, increasing inflation, and costing people their jobs. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>

The attorneys general from New York, Arizona, Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, Nevada, New Mexico, Oregon, and Vermont filed the lawsuit in the U.S. Court of International Trade. They’re asking the court to block the tariffs and stop other global tariffs that had been paused earlier this month from going into effect.

New York’s Attorney General, Letitia James, said Trump had promised to reduce costs for Americans, but his tariffs are doing the opposite and could seriously damage the economy.

California also filed its own separate lawsuit, saying the tariffs have already caused serious harm to the state and its residents.

 

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