Connect with us

Business

Don Proffers Solution To Fuel Crisis

Published

7 years ago

on

An energy consultant and senior lecturer in the Faculty of Law of the Rivers State University, Dr. Samuel Chike Dike has charted a way out of the current fuel crisis rocking the country, with a charge to the Federal Government to rise to the occasion and tackle headlong the intractable challenges facing the petroleum sector.
Dike, who spoke with The Tide in an exclusive interview in Port Harcourt identified short and long term measures to address the fuel crisis.
According to him, a combination of factors is responsible for the lingering crisis, which he listed as regulatory failure, institutional defects and attitudinal malfunctioning.
“A combination of these factors collates into what we are having today. Regulatory failure because the regulators of the petroleum sector like the Department of Petroleum Resources (DPR), the Minister of Petroleum Resources, among others have failed to efficiently discharge their duties. If you regulate it properly, fine. If you don’t regulate properly, then, the result is what we are having today,” he said.
Dike further indicated that institutions like the Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC) have equally compounded the petroleum sector woes due to poor performance, saying, “there is governance problem in the NNPC right from time, as it has been bedeviled by structural defects.”
He decried a situation where the Federal Government is involved in running the affairs of the corporation, stressing that a situation where the government appoints top management staff of the corporation, including the Minister of Petroleum Resources was counter-productive.
According to him, “NNPC should run as a commercial outfit and be left in the hands of private individuals, who will run it as a profit-oriented business and pay tax to the government.”
The energy consultant also emphasised the need for the government to restructure NNPC in such a way that it would only have oversight functions while the management of the corporation is left in the hands of private citizens.
He said the earlier the government distances itself from the management of the corporation, the better for the country, adding that the way it is presently structured, makes all the Departments of NNPC appendages of government.
The university teacher also decried a situation where the NNPC is currently saddled with the responsibility of importing petroleum products, instead of allowing independent oil marketers to do so.
Describing the situation as a sad commentary, Dike said the circumstances surrounding the current fuel scarcity in the country have left Nigerians more confused, as they no longer know what to believe, and urged both the NNPC and the marketers to tell the citizens the true position.

 

Donatus Ebi

Related Topics:
Continue Reading

Business

NIMASA Commits To Creating Enabling Environment For Maritime Business 

Published

6 days ago

on

March 5, 2025

By

The Nigerian Maritime Administration and Safety Agency (NIMASA) has affirmed that it is taking strategic steps to enhance local participation and encourage investment in the maritime sector under the supervision of the Ministry of Marine and Blue Economy.
The Director General of NIMASA, Dr. Dayo Mobereola, who disclosed this recently while receiving the Executive Members of the Nigerian Merchant Navy Officers and Water Transport Senior Staff Association, reaffirmed the Agency’s  commitment to fostering a level playing field and creating an enabling environment for businesses in Nigeria’s maritime sector.
Dr. Mobereola revealed that NIMASA is deepening its collaboration with the Nigerian Content Development and Monitoring Board (NCDMB) to explore policies that will boost indigenous involvement and strengthen Nigeria’s maritime sector.
“The Honourable Minister of Marine and Blue Economy is committed to encouraging indigenous players to invest more in Nigeria’s maritime industry. Issues such as national carriers and trade terms remain top priorities under this administration.
“Our focus is to create an enabling environment where private investors can thrive. In this regard, we have initiated discussions with the NCDMB and NNPC Limited to address these critical matters”, he stated.
He said NIMASA remains committed to fostering strategic partnerships that will enhance local investment, create jobs, and drive sustainable growth in the maritime sector.
In response, Comrade John Aleakhue Okpono, Secretary General of the Merchant Navy Officers and Water Transport Senior Staff Association, emphasized the need for closer collaboration between NIMASA and the Merchant Navy.
He also urged the Agency to review waiver clauses to ensure more opportunities for Nigerian seafarers.
Stories by Nkpemenyie Mcdominic, Lagos
Continue Reading

Business

FG Inaugurates Special Committee Against Boat Accident 

Published

6 days ago

on

March 5, 2025

By

Towards enhancing safety on Nigeria’s inland waterways, the Federal Government, through the Minister of Marine and Blue Economy, Adegboyega Oyetola, has inaugurated a Special Committee on the Prevention of Boat Mishaps in Nigeria.
According to a statement on by the spokesman, National Inland Waterways Authority (NIWA), Suleiman Makama, the event, which was held at the Ministry’s Conference Room in Abuja, confirmed crucial steps taken to address the recurring challenges of boat accidents across the country.
In his address, the Honourable Minister emphasized the urgent need to stem the tide of tragic boat mishaps, which have resulted in significant loss of lives and properties.
He described the country’s waterways as vital to commerce, transportation, and livelihoods, stressing that their safety and efficiency are paramount to the development of Nigeria’s blue economy.
He noted that the establishment of this committee aligns with the 2024 International World Maritime Day theme, “Navigating the Future: Safety First”.
“The task before us is daunting, but with unwavering commitment, we can eliminate boat mishaps and ensure that our waterways remain safe, navigable, and prosperous for generations to come”, Oyetola stated.
The committee comprises key stakeholders, including state government representatives, the Association of Boat Operators in Nigeria, marine safety experts, and academics.
It will be chaired by the Managing Director of the National Inland Waterways Authority (NIWA), Mr. Bola Oyebamiji, while Mr. Adams Offie, Deputy Director of Inland Waterways at the Ministry, will serve as Secretary.
The committee is tasked with conducting an in-depth review of commercial boat operations in Nigeria, identifying the root causes of boat mishaps, and proposing sustainable solutions.
In his acceptance speech on behalf of the committee, Oyebamiji assured the Minister on the dedication of members to deliver on the assignment.
He emphasized that safety on Nigeria’s inland waterways is non-negotiable, adding that NIWA, under the leadership of the Honourable Minister, has been refocused to uphold its mandate without compromise.
Acknowledging the Honourable Minister of Marine and Blue Economy for his proactive leadership, Oyebamiji noted that the establishment of the committee represents a critical step in addressing the persistent safety challenges in inland water transport.
“This is another solution-driven initiative aimed at eliminating boat mishaps on our waterways. I assure you that the confidence reposed in this committee will not be misplaced.
“At NIWA, this is an opportunity for us to intensify our efforts in reducing marine accidents to the barest minimum. On behalf of my fellow committee members, we pledge to work diligently and with utmost focus on the assigned terms of reference.
“Safety on our inland waterways is non-negotiable. NIWA has been refocused to ensure the highest safety standards, and this committee will work diligently to address the causes of boat mishaps and find lasting solutions,” Oyebamiji said.
The committee has been tasked with evaluating the root causes of boat accidents and recommending lasting solutions to enhance safety and operational standards.
Continue Reading

Business

LASG Arrests Illegal Dredgers  … Issues Stop Work Order

Published

6 days ago

on

March 5, 2025

By

The Lagos State Government, through the Ministry of Waterfront Infrastructure Development, has launched a massive clampdown on illegal dredgers operating in the State, ordering them to stop work immediately.
This exercise, which was carried out by the officials of the Ministry of Waterfront Infrastructure Development, is aimed at curbing environmental degradation and promoting sustainable development across the waterfront schemes located across the coastal regions of the metropolis.
According to a statement, the enforcement operation, led by the Commissioner for Waterfront Infrastructure Development, Hon. Ekundayo Alebiosu, alongside members of his team, raided several illegal dredging sites which were subsequently shut down by the officials of the Ministry.
Some suspected dredging operators were arrested and a stop-work order was served on erring dredgers for non-compliance with laid-down regulations of the State Government.
Alebiosu warned the operators that failure to comply with extant laws guiding dredging activities could have dire effects and will result in severe penalties, including total closure of the sites.
Reacting to the claim that Dredgers are the major cause of environmental degradation in the state, including erosion and flooding, the Commissioner emphasised the need for dredging activities to be conducted lawfully to preserve roads, public infrastructure, and wetlands.
He explained that the State Government has vowed to streamline the activities of dredgers in the state to meet acceptable international standards.
“The Lagos State Government’s clampdown on illegal dredgers is a significant step towards protecting the environment and promoting sustainable development in the state.
“We will continue to carry out surveillance and raids across the coastal areas to ensure that the activities of a few don’t impact the lives of law-abiding citizens negatively”, Alebiosu stated.
Continue Reading

Trending