Editorial
Where Are The Private Refineries?
When former President Olusegun Obasanjo’s administration conceded to the idea of establishing private refineries, the objectives were clear: To complement the capacity of the nation’s ailing refineries in ensuring availability of petroleum products.
By so doing, the government was determined to check the problems associated with petroleum products scarcity. It also planned to provide employment for thousands of Nigerians and boost the nation’s depleted foreign reserve. In addition, the proximity of the refineries was to serve as an added advantage to consumers, especially in a deregulated economy.
Consequently, in 2002, 18 firms got government’s preliminary approval and licences to operate private refineries. They include: Akwa Ibom Refining and Petrochemicals, Badagry Petroleum Refinery, Clean Waters Refinery, Ilaje Refineries and Petrochemicals, Niger Delta Refinery and Petrochemicals, NSP Refineries and Oil Services, Ode Aye Refinery and Energy, Sapele Petroleum, Southland Associates, Southwest Refineries and Petrochemicals, Startex Petroleum Refinery, Chasewood Consortium, Tonwei Refinery, Total Support Refineries and Union Atlantic Petroleum.
With the new air of liberalisation in the downstream sector of the petroleum industry, many Nigerians from all walks of life and members of the organised private sector, as well as state governments and their foreign counterparts indicated interest and got the nod to operate private refineries. Even the Federal Government was not left behind in this new wind of change as it expressed desire to establish three new refineries, in addition to the four existing ones to enhance petroleum products supply.
Just recently, the Independent Petroleum Marketers Association of Nigeria (IPMAN) commissioned three Chinese firms to build three refineries in Nigeria with the same objective of shoring up the nation’s petroleum products supply. Justifying members’ conviction, IPMAN’s President, Alhaji Aminu Abdulkadir said the new refineries planned for Port Harcourt, Ore and Lokoja would complement the petroleum demands which have been overstretched by the ever-increasing population.
Indeed, this move by IPMAN and other well-meaning Nigerians to own private refineries shows the people’s desire to end the perennial scarcity of petroleum products constantly threatening various aspects of their lives.
Unfortunately, however, between 2002 and now, the overwhelming publicity accorded the private refineries and the need to boost the nation’s four ailing refineries have not exceeded mere reflections on the pages of newspapers. At best, some companies claimed to have cleared their sites and got ready to mobilise for real construction. The story remained the same for all the firms parading their approvals to operate private refineries.
Yet, Nigerians are still awaiting the first functional private refinery. Sadly, the much we get are reasons why it would be impossible for the refineries to take off. Either the prospective companies are said to lack the fund to prosecute the projects, or government is blamed for constituting hurdles hindering the companies from executing the project.
For instance, after receiving the initial approval to operate refineries, some firms could not access funds from their foreign sponsors which denied them the opportunity to prosecute the contract. Also, government officials were accused of extorting money and making unbearable demands from the firms. Added to this are several other bottlenecks, including power and security challenges. Arguably, some analysts say government subsidy is discouraging to investors even as Federal Government insists that the nation’s energy policy recognises issues of energy, pricing and financing along the entire oil and gas value chain. The bottom line, unfortunately, is that the refineries can not take off.
We regret, however, that the nation is spending enormous resources importing fuel. A whopping sum of $18.5 billion (N2.35 trillion) was reportedly spent on fuel importation between January 2000 and December 2006. Just as we consider this outrageous, it is indeed despicable that some Nigerians and their foreign collaborators are championing the persistent sadistic importation of refined petroleum products for their selfish reasons.
In fact, it is appalling that a recent report indicted some multinational oil firms for threatening to pull out their resources from a financial institution if it went ahead to sponsor private refineries in Nigeria.
But if we may ask: Whose interest are these multinationals protecting? Is it the greater number of Nigerians or their corrupt cronies whose acts of omission or commission over the years impoverished Nigeria and Nigerians?
However, we urge President Goodluck Jonathan to muster the political will to unravel the mystery behind the rot in the nation’s oil and gas sector.
The Federal Government must track down and prosecute those elements sabotaging our national interest, and henceforth check unprecedented leakages and strengthen the value of the naira for Nigeria to realise its potentials and move to the next level. There is no time to play the ostrich. Therefore, concrete plans should be made to process the nation’s crude oil in our local (new and old) refineries.
We believe this would be the first step to checking unending petroleum products scarcity, persistent fuel importation and encouraging establishment of private refineries.
Editorial
Israel-Gaza War: Sustaining The Ceasefire
Editorial
No To Hike In Telecom Tariffs
Nigerians are outraged by the Federal Government’s approval of a 50 per cent increase in telecommunications tariffs, with organised labour threatening to mobilise workers to boycott telecom services. The Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC) have described the upcoming tariff as outrageous, lamenting that it will worsen the already harsh living conditions of workers and the masses.
Similarly, the Coalition of Northern Groups (CNG) rejected the hike, stating that it was ill-timed and did not take into consideration the struggles of Nigerians. The Human Rights Writers Association of Nigeria (HURIWA) also criticised the review, calling it an illegal, unconstitutional, and oppressive policy that undermines the fundamental rights and freedoms of Nigerians. It is a difficult moment for the industry.
Recall that the Nigerian Communications Commission (NCC) approved a 50 per cent increase in tariffs for telecom operators last Monday, instead of the 100 per cent raise that operators had requested. This decision quickly angered the consumers’ association, which criticised the government’s approval as not only punitive but also insensitive.
We wholeheartedly agree with the stance of labour and other groups on this very sensitive matter. We unequivocally condemn the 50 per cent increase in telecom tariffs. Though telecom operators cite higher operational costs and inflation as reasons for the hike, the timing and impact raise serious concerns in the current economic situation. It is a blatant attack on the well-being of the Nigerian worker and a betrayal of the people to corporate interests.
Telecommunication services are essential for daily communication, work, and access to information. However, the average Nigerian worker already spends approximately 10 per cent of their wages on telecom charges. For a worker earning the current minimum wage of N70,000, this means an increase from N7,000 to a staggering N10,500 per month or 15 per cent of their salary, a cost that is unsustainable.
This hike exemplifies the government’s apparent ease in prioritising corporate profits over citizens’ welfare. It is shocking that the government approved a 50 per cent tariff increase for telecom companies within a month, yet took nearly a year to approve the recent minimum wage for workers, despite the rising cost of living and inflation eroding purchasing power.
The questions are: When will the government stand up for the citizens it swore to protect? When will the National Assembly rise to its responsibility and hold the Executive accountable for policies that blatantly undermine the welfare of the majority? When will the common man finally heave a sigh of relief in Nigeria? We urge the government, the NCC, and the National Assembly to review the implementation of this ill-advised increase.
It is difficult to understand the state of mind of the managers of the nation’s economy. Sadly, these managers have alienated themselves from the reality of today. How can a government approve a 50 per cent hike in the tariff of telecom services when even the N70,000 minimum wage has been eroded by inflation, electricity tariff hikes, exorbitant fuel costs, transportation, and other social services?
Even if there is a need for an increase, why does it have to be 50 per cent? If, after dialogue, it is agreed that a raise is necessary, we should all consider a more reasonable increase rather than the 50 per cent hike. Fifty per cent is excessive and will only worsen the already harsh living conditions of workers, placing a heavier burden and more suffering on them and the general population.
The recognition of telecommunication services as essential components of modern society cannot be overstated. In an era characterised by rapid digital transformation, these services are fundamental not only for personal communication but also for facilitating broader socio-economic engagement. The proposed tariffs increase in the telecom sector raises critical concerns regarding equitable access to vital services that support communication, education, healthcare, and commerce.
In a democracy, the people should be the central focus of all government actions and policies. Every decision should aim to improve their quality of life. This plan must be carefully scrutinised with the welfare of citizens in mind. An increase in telecom tariffs will negatively impact many Nigerians, as the internet has become an essential tool for business, communication, and daily activities.
The Tide calls for the immediate suspension of the 50 per cent hike in tariffs. Instead, we recommend a more reasonable adjustment of a maximum of 10 per cent, which balances industry sustainability with the current economic realities in the country. We also demand that the NCC engages in genuine, inclusive consultations with consumer advocacy groups, civil society organisations, and other grassroots stakeholders before implementing any tariff adjustments.
Editorial
Hurray, Siminalayi Fubara Is 50!
Born on January 28, 1975, in Opobo Town, Mr. and Mrs. Joseph and Love Fubara welcomed their second of five children and first son. His father, a former soldier who completed an overseas training tour of duty, instilled in him a strong sense of discipline and dedication. His mother, a civil servant, taught him the importance of hard work and perseverance.
He received his primary education at Opobo Primary School and continued his studies at Comprehensive Secondary School in Opobo. His passion for numbers led him to pursue a degree in Accountancy at the then Rivers State University of Science and Technology, now known as Rivers State University.
Upon completion of his Bachelor’s degree, he pursued further education and obtained a Master of Business Administration (MBA) and a Master of Science (MSc) from the prestigious University of Port Harcourt in 2013 and 2016, respectively. Fubara’s dedication to his studies and his commitment to personal growth have shaped him into the accomplished individual he is today.
Sim, fondly called by his colleagues, started his career in 2003 as a principal accountant at the Rivers State Senior Secondary Schools Board. His dedication led to his promotion to Director of Finance and Accounts at the Government House in 2015. In March 2020, he was appointed Permanent Secretary and then became the Accountant-General of Rivers State on December 23, 2020.
His achievements are numerous, as he is a Knight of the St. Christopher (KSC) Order of the Church of Nigeria Anglican Communion. Additionally, he holds the prestigious traditional chieftaincy title of Amaopusenibo of Opobo Kingdom. The Governor’s commitment to family is evident through his marriage to Valerie Ibiere Fubara, with whom he shares three beautiful children.
Among Siminalayi’s other significant qualifications and accomplishments are his fellowship with the Nigerian Institute of Management and his fellowship with the Association of National Accountants of Nigeria (ANAN). He holds membership in the Chartered Institute of Forensic and Investigative Auditors. His impressive background has gained him the trust and support of the Peoples Democratic Party (PDP), leading to his victory in the party’s governorship primaries for the 2023 general elections.
Fubara embodies a leadership style defined by simplicity and compassion. He exhibits patience, confidence, and empathy in his interactions with those he serves. His humility and faith in God make him trustworthy. Representing the younger generation, Sim leads with the slogan “Consolidating and Continuing the New Rivers Vision,” focusing on developing infrastructure, healthcare, education, security, agriculture, and investment opportunities for Rivers State.
The bravery exhibited by His Excellency in resisting godfatherism has attracted respect from a wide array of Nigerians, Africans, and supporters of democracy around the world. He emphasises serving the interests of the people of Rivers over any godfather. His actions unify diverse groups in the state, promoting a sense of belonging among various ethnicities.
Our affable Governor exemplifies robust moral leadership rooted in his Christian beliefs. As a devoted Knight, he shows compassion and selflessness in his governance. He fosters an environment where all religions can peacefully coexist. Fubara sponsored Muslim pilgrims for the 2024 Hajj and personally wished them well, encouraging them to pray for the state and Nigeria. His religious tolerance has earned him respect among Nigerians who value coexistence.
Moreover, the Governor’s appealing physique and charming smile have garnered admiration from many Nigerians, who view physical beauty as a reflection of inner qualities. His tall stature has solidified his status as a revered figure, commanding respect across the nation. Fubara has shown dedication to women’s issues by initiating several programmes in collaboration with the Women Affairs Ministry and the Office of the First Lady, highlighting his strong commitment to women’s empowerment and gender equality.
Sir Fubara has focused on actively involving young people in his governance by launching entrepreneurship and training schemes, notably the Rivers State Youth Empowerment Scheme. His efforts to support youth have earned him the backing of many young Nigerians. Additionally, he provides scholarships and makes donations to orphanages, demonstrating his commitment to investing in education for the benefit of children in the state.
Known for his strong commitment to national unity, this Governor reaches out to Nigerians from various backgrounds. As a state Governor, he demonstrates great nationalism by supporting citizens from other states, especially in Rivers. He respects the rule of law and democratic values, which has enabled past local government chairmen to complete their terms without issues. His effective management of Rivers State’s resources promotes transparency and accountability.
Despite facing numerous distractions, the Rivers Chief Executive has made remarkable strides in steering the state’s affairs, reflecting his unwavering focus and commitment to delivering results. He has encountered challenges but remains dedicated to his vision for a better state. His peaceful and caring leadership style has made him popular, inspiring new leaders to emulate similar qualities. By being strong yet compassionate, he has redefined the concept of leadership. Fubara’s selfless nature prioritises the state’s needs above his own. This has earned him widespread support.
As he commemorates his Golden Jubilee birthday today, even the most ardent critics, adversaries, and accusers cannot overlook that he embodies a worthy precursor in every sense.
Happy Birthday, His Excellency!
-
Business1 day ago
Expert Tasks Government On Civil Maritime Security Unit
-
Politics1 day ago
Edo Assembly Drags LG Chairmen To Court, Seeks LG Law Interpretation
-
Nation1 day ago
Ahaoda West’s Impactful Projects Excite RIMA Boss
-
Niger Delta1 day ago
A’Ibom CP Cautions Youth Against Violence In Oil Producing Communities
-
Sports1 day ago
IBF Cancels purse bid for Ajagba, Bakole elimination bout
-
Politics1 day ago
Edo Gov’ship: PDP, Ighodalo Close Case After 19 Witnesses At Tribunal
-
News1 day ago
RSU Lecturer Unveils Research Innovation On Soap Production
-
Nation1 day ago
Commissioner Inaugurates Street Lights In 16 Communities