x

Protest at National Assembly Over Alleged Corruption in Petroleum Sector

By   Milcah    Tanimu

On Friday, protesters stormed the National Assembly Complex in Abuja, calling for immediate action on alleged corruption within Nigeria’s petroleum sector. The protest, organized by the Nigerian Coalition of Civil Society Organisations (NICOCSO), criticized policies they say harm local refinery development and force Nigeria into costly fuel imports.

NICOCSO demanded an investigation into the alleged “sabotage” of local refinery projects, claiming that actions by the Nigerian National Petroleum Company Limited (NNPCL) prevent Nigeria from becoming self-sufficient in fuel production. The coalition also called for the removal of Mele Kyari, NNPCL’s Group CEO, whom they accuse of supporting policies that hinder local fuel production and favor expensive imports of Premium Motor Spirit (PMS).

“These policies focus only on profit and fail to support initiatives for Nigeria’s energy independence,” stated NICOCSO spokesperson Segun Adebayo at the rally.

Adebayo argued that NNPCL’s reliance on fuel imports drains Nigeria’s foreign exchange reserves, weakens the naira, and adds economic strain, benefiting only a small group within the NNPCL. He pointed to local entrepreneurs like Aliko Dangote, whose investment in the Dangote Refinery could reduce reliance on fuel imports and boost the economy. However, NICOCSO claims NNPCL prioritizes imports over local refinery efforts, discouraging potential investors and job creation.

The protesters urged President Bola Tinubu to caution NNPCL’s leadership and investigate alleged corrupt practices within the petroleum sector to support Nigeria’s path to energy independence.

Hot this week

Sarah Martins Apologises to Zenith Bank, Confirms Recovery of...

2027: EFCC cautions politicians against attempts to undermine anti-graft fight

The Economic and Financial Crimes Commission (EFCC) has warned...

Kogi Government Vows Crackdown on Criminals, Pledges Rescue of Kidnapped Victims

By Noah Ocheni, LokojaThe Kogi State Government has reaffirmed...

Middle Belt Identity Rooted in History, Not Political Fabrication – MBF President

By Achadu Gabriel, KadunaThe President of the Middle Belt...

No baggy trousers, dreadlocks as Babcock University unveils stricter dress code

Babcock University has introduced a revised dress and grooming...

2027: EFCC cautions politicians against attempts to undermine anti-graft fight

The Economic and Financial Crimes Commission (EFCC) has warned...

AFCON 2025: Osimhen, Lookman set to challenge Zidane’s clean-sheet run

Nigeria’s attacking stars Victor Osimhen and Ademola Lookman are...

Tax law: States to gain N5tn VAT windfall as new sharing formula takes effect

Nigeria’s 36 states are projected to receive about N5.07tn...

Drug Allegation: Regina Daniels Breaks Silence, Takes Drug Test Amid Marriage Crisis

Nollywood actress Regina Daniels, estranged wife of Delta North...

Man United Agree Deal With New Manager, Ole Gunnar Solskjaer Set to Miss Out

Manchester United have reportedly made significant progress in their...

APC Groups to Tinubu: We demand Wike’s immediate sack to preserve party unity

A coalition of leaders within the All Progressives Congress...

Bayelsa Flood Victims Receive FG Support as NEMA Distributes Relief Materials

Bayelsa flood victims in Southern Ijaw Local Government Area...

Related Articles

Popular Categories

spot_imgspot_img