Stakeholders have expressed severe concern over Nigerian refineries that aren’t practical. Out of 334 refineries worldwide, Nigeria is the one nation among the many Organisation of Petroleum Exporting International locations (OPEC) that has no lively refinery.
Stakeholders have additionally expressed disappointment with the nationwide broadcast by President Bola Ahmed Tinubu, over starvation and hardship, noting that his broadcast didn’t handle the foundation causes of the protest.
The director common and chief govt officer, Nigeria Employers’ Consultative Affiliation (NECA), Mr Adewale-Smatt Oyerinde, warned the federal authorities towards whole collapse of actual sector primarily based on harsh enterprise setting coupled with sustained protest of #EndBadGovernance.
In response to Oyerinde “Whereas we commend the president for addressing the nation on the protest and the various on-going efforts of the federal government to deal with the pains of Nigerians, we ask the federal government to additionally give pressing consideration to myriads of contradictions bedeviling the personal sector, to allow the financial system open up and return to the trail of speedy progress.”
Moreover, Oyerinde famous that “with the present charge at which companies are declaring losses, particularly within the Actual Property Sector, the nation could be in for an additional spherical of enterprise shutdown. A mixed lack of over N533 billion by simply 4 companies within the sector in H1, 2024 requires pressing motion.”
Oyerinde identified that “with the present charge at which companies are declaring losses, particularly within the Actual sector, the nation could be in for an additional spherical of enterprise shutdown. A mixed lack of over N533 billion by simply 4 companies within the sector in H1, 2024 requires pressing motion”.
Likewise, on his personal half, the Normal Secretary of Federation Casual Employees of Nigeria (FIWON), Comrade Gbenga Komolafe, urged federal authorities to take drastic step and political will to make the nation’s refineries practical to save lots of the nation from importation of its personal God’s-given pure assets.
In response to Komolafe, “the nation has been creating jobs for outsiders on the detriment of thousands and thousands of jobless Nigerians by importation of its personal merchandise. The one method this nation can begin transferring ahead is by boldness and sincerity to cease additional importation.”
From info gathered, Saudi Arabia has 5 refineries, Russia has 44, Kuwait has 2, Iran has 3, UAE 4, USA 129, China 32, Iraq 15,Canada 15, Venezuela 6, Algeria 5, Libya 5, Qatar 2, Norway 1, Mexico 6, Brazil 19, India 23, Angola 1, Oman 1, Indonesia 6, Kazakhstan 3 and Germany 16.
