Doyin Okupe
Erstwhile Senior Special Assistant to then President Goodluck Jonathan on Public Affairs, Doyin Okupe, has come to the defence of the Minister of State for
Petroleum Resources, Dr. Ibe Kachikwu in view of the odium the Minister attracted for reportedly stating that the present fuel shortage will last till May.
Okupe, who was quick to point out that he has no personal relationship with Kachikwu, observed in a statement
posted on his Facebook page that Nigerians hate being told the
truth, enjoining them to face the reality.
Aside calling for an end to the policy of
setting aside crude for local refining which he described as outdated and counter-productive, the former presidential spokesman gave insights into how Nigeria can overcome its energy crisis.
The social media post reads:
“The minister of state for Petroleum is a
Nigerian I know by reputation only. When he was appointed I actually wondered why on earth will a man in his exalted international position and pedigree come into the murky arena of the Nigerian oil business. It can only be patriotism.
Since he assumed office I have noticed a
high level of professionalism and candour.
“But Nigerians abhor the truth. The
minister said a few weeks ago that it is cheaper to import fuel
than process our crude locally. I thought that should be obvious to
all discerning minds. Our newest refinery is 35years old.
“The capacity of the refinery to
fractionate Crude reduces drastically with age. In its best form
you get about 51% PMS per barrel of crude refined. But at the
current ages of our refineries we hardly can do more than
35-40%.
“Therefore our policy of setting aside
crude for local refining is outdated and counter-productive and
should be stopped.
Secondly the minister said this present
fuel crisis will tarry till May and all hell was let loose. The Hon
Minister is right.
“He quietly informed the nation that NNPC is now responsible
for 100% of our fuel imports. The reason for this anomaly is not
farfetched.
We consume 40m liters of PMS daily. At
about $645/tonne that comes to about 55cents per liter is $22m/day.
Which importer and which bank in Nigeria of today can open $22m
daily?!!!!
“Not even the Almighty NNPC! So that is
the real cause of the scarcity. The truth is what the minister
said, its not going away soonest.
“The only reasonable, cost effective and
efficient way of ensuring Nigerians get petroleum products
regularly and continuously, without further complicating the
unavailability of the dollar and its continued stagnation of the
national economy, is by:
1. Scrapping the PPPRA.
2. Stopping the allocation of crude daily
for local refining.
3. Allocating appropriate volume of crude
to the oil majors under a transparent oil swap arrangement.
4. Invest in and improve the facilities of
discharging PMS in all our Ports.
5. Completely deregulate the
downstream.
Sector of the petroleum and stop the
federal government from selling petrol. Previous Nigerian governments have sustained this practice to their detriment. We
need not continue it especially in the face prevailing economic hardship.
It is not done anywhere and citizens are
the ultimate beneficiaries.
It is shameful and embarrassing that small countries like Benin Republic, Togo and even land locked countries
like Botswana and Swaziland do not have fuel queues.
http://dailypost.ng/2016/03/27/fuel-crisis-doyin-okupe-defends-kachikwu-says-nigerians-abhor-truth/
lalasticlala

politricks:
Doyin okupe is a zombie!

buhahahaha

dunkem21:


Read the last paragraph again

dunkem21:



Read the last paragraph again

politricks:
Read the paragraphs before that again.

dunkem21:
Zombies will start masturbatingg on Doyin Okupe ..


NNPC said two weeks, Kachikwu said two months, Ngige said its only PDP guys on the queue while Alhaji Lai lalasticlala is of the view that there's no scarcity at all ..


Who do we believe