The Arewa Assume Tank (ATT) has stated the authorized crude oil provide to Dangote Refinery exhibits that President Bola Tinubu is a listening chief. This follows accusations and counter-accusations between Nigeria Nationwide Petroleum Firm Restricted (NNPCL) and the refinery’s proprietor, Aliko Dangote, over the standard of merchandise.
ATT stated that hardly 24 hours after it ran an advertorial in a nationwide each day about its place and the stand of different Civil Society Organisations (CSO) condemning NNPCL’s alleged sabotage of Dangote Refinery, the Federal Govt Council (FEC) authorized crude oil provide to the refinery.
In a press release, the Convener of Arewa Assume Tank, Muhammad Alhaji Yakubu, and the Co-Convener of the CSOs, Rev. Nicholas Daniel Jatau, stated the FEC approval of the crude oil provide to Dangote Refinery confirmed that the Refinery’s merchandise are of top quality, versus NNPCL’s earlier allegation that they had been substandard.
“We’re pleased that in a major coverage shift, President Bola Tinubu has instructed the Nigerian Nationwide Petroleum Firm Restricted (NNPCL) to promote crude oil to Dangote Refinery and different rising refineries in Naira. This directive goals to stabilise the pump value of refined gasoline and handle the dollar-Naira trade charge”.
The convener stated the choice was reportedly adopted in the course of the Federal Govt Council assembly on Monday, July 29. This exhibits Mr. President has listened to varied complaints concerning the Dangote refinery.
This growth follows latest statements by Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on July 18, alleging that native refineries, together with the Dangote refinery, produce inferior merchandise in comparison with imports. In response, he disclosed, Dangote refuted these claims by demonstrating the standard of his refinery’s diesel on July 20 throughout a go to by federal lawmakers.
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“We all know that Aliko Dangote additionally highlighted points with worldwide oil corporations (IOCs) not supplying crude oil to his refinery, calling for an investigation into these allegations. Subsequently, on July 22, lawmakers initiated probes into Ahmed’s claims and the alleged obstructions by IOCs.
“We perceive that the important thing factors of President Tinubu’s directive are to make sure the soundness of the pump value of refined gasoline and the dollar-Naira trade charge, so the Federal Govt Council adopted a proposal by President Tinubu to promote crude to Dangote Refinery and different upcoming refineries in Naira”.
Yakubu stated it’s a stepping stone that NNPC has dedicated to produce 4 cargoes of crude out of the Dangote Refinery in the meanwhile, which requires 15 cargoes of crude at a value of $13.5 billion yearly.
“However the FEC has authorized that the 450,000 barrels meant for home consumption be provided in Naira to Nigerian refineries, utilizing the Dangote refinery as a pilot.
“We additionally perceive that Afreximbank and different settlement banks in Nigeria will facilitate the commerce between Dangote and NNPC Restricted. The sport-changing intervention will eradicate the necessity for worldwide letters of credit score and save the nation billions of {dollars} utilized in importing refined gasoline.”
“We need to use this chance to thank the President for establishing the North-West Growth Fee. It’s certainly an excellent initiative for the sector’s growth and progress.
ATT equally counseled the President for establishing the same system within the Southeast area, which exhibits that he’s bringing each a part of the nation alongside no matter political variations.
“Kudos to Mr. President for instantly signing the minimal wage of N70,000.00 into legislation. That is one signal of many good issues coming the way in which of the folks of our nice nation, Nigeria. All we have to do is give the President sufficient time and house to realize this.
“We need to use this chance to warning the USA, United Kingdom, and Canada for issuing safety alerts to their residents in Nigeria, warning them of potential violence in the course of the deliberate nationwide protests.
“We think about this as placing mere fears on travellers when there’s calm and safety for each citizen in Nigeria regardless of the looming threats of nationwide protest”. The assertion stated.
