Nigerians especially the Niger Delta indigenes deserve a better deal than the clueless economic solutions proffered by the Buhari Administration to solve the 63-year-old all-comers massive robbery in the Petroleum Sector!

They all applauded the President’s victory in 2015 as a civilian leader because of the assumption that he had vast experience to re-order, re-direct, re-invent, re-organize and harness the great potentials of the Oil Industry of the endemic institutional corruption which has been its acclaimed trademark!

He was Military Chairman from 1977-1978 when the Nigerian National Petroleum was created and later Federal Commissioner for Petroleum and Natural Resources when government invested in pipelines and petroleum storage infrastructures and as two term-President (2015-2021), he has jealously kept the Petroleum portfolio under his armpit for closer scrutiny! But in spite of the citizens’ assumptions, the petroleum regime has witnessed its worst hiccups through blatant disregard for accountability and had exposed a brazen penchant for retention of a blank cheque ie, an unspecified percentage of total IGR before remission to the TSA!

But with the planned incorporation of the NNPC, should Nigerians hope for sanity in the up, middle, and down streams now that the PIA is now assented by Mr. President or the document is another “paper tiger”?

During Ibe Kachikwu’s tenure as Minister of State for Petroleum the NNPC GMD whose loyalty was to the President allegedly by-passed Kachikwu to award dubious contracts in spite Kachikwu’s seniority as Chairman of the NNPC Board!
Ibe Kachikwu’s bold petition directly to President Buhari at the Aso Villa was discarded because “some animals are more equal than others!”

WHEN “FUEL SUBSIDY” IS REMOVED, WILL OFFICIAL PRICE OF N165 PER LITRE OF PMS JUMP TO N340 (over 200%), BY JUNE 2022 IN ORDER TO ATTRACT MORE INVESTMENTS TO THE SECTOR ACCORDING TO OLD NNPC GROUP MANAGING DIRECTOR, MELE KYARI? WILL FEDERAL GOVERNMENT PAY N5, 000 AS PALLIATIVES TO 40 MILLION POOREST NIGERIANS TO CUSHION EFFECT OF THE PURPOSED INCREASE TO FULFIL THE NEWLY SIGNED PIA? ANSWER: NONE OF THE ABOVE WILL HAPPEN BECAUSE SUCH MONEY WAS NOT APPROPRIATED IN THE 2022 BUDGET! Is foreign exchange not N560 to one US Dollar – due to the devaluation of the Naira?


WHAT IS LOCAL DEREGULATION OF THE PETROLEUM SECTOR?

1) No downstream deregulation could take place when SUBSIDY of the PMS never existed in the first place! It is a monumental fraud against the poor masses!
2) Nigeria is the third largest producer of crude oil in Africa and yet opted for IMPORTING REFINED FUEL instead of building new Refineries!
3) Presently, there exist in the Niger Delta Region (THE GOOSE that lays the GOLDEN EGG), tens of tens of indigenous MODULAR REFINERIES churning out refined PMS, DIESEL, and other lubricants which SUPPLY all petroleum needs for the people; and they hardly experience any form of SCARCITY!
4) Government is aware of this “illegal” strategic thriving industry which embraces civilians, members of the armed forces, and the police was always patronized just like the official Depots located across the nation but has turned BLIND EYE!

RECOMMENDATIONS:
***Since the implementation of the newly signed PIA document has been put on hold because of policy somersaults, Federal Government should give approval to INGENIOUS LOCAL MODULAR REFINERIES and encourage other INVESTORS to build more!

QUESTION: When will the FOUR COMATOSE NIGERIAN REFINERIES PRODUCE PMS ETC,? HOW MUCH IS BEING PAID FOR REDUNDANT WORKERS WHOM MR. TIMIPRE SYLVA SAYS CANNOT BE SACKED EVEN IF TAKES FOREVER BEFORE THE OFFICIAL REFINERIES TO RESURRECT?

*** Mr. President directed that swearing-in of new NNPC BOARD MEMBERS scheduled for 26th November, 2021, be put on hold because it was a wrong step as we had pointed out in one of our past publications that no board could be in place and be collecting FREE SALARIES when their institution had not become a LEGAL ENTITY!

MUST NIGERIA BECOME THE LAPDOG OF OPEC, IMF OR WORLD BANK AND DANCE TO THEIR DICTATES?
The President and his cohorts may be BEGGARS, all patriotic Nigerians are not and will never be cowed into submission to THE FRAUD CALLED FUEL SUBSIDY!

MEMBERSHIP TO AFFECT LOCAL DEREGULATION POLICY? NO!

Out of the belly of Oloibiri, a small community of farmers and fishermen in Ogbia LGA, Bayelsa State, eastern Niger Delta region of Nigeria flowed out the first thousand litres of crude oil “liquid black gold” which was destined to prosper and destroy Nigeria simultaneously!

Shell Petroleum Development Company (SPDC), in 1956 at this ancient town after half a century efforts of exploration discovered crude oil and in 1958, the country registered as an oil producer and its first oil field delivered 5,100 barrels per day (bpd).
Also in 1958, petroleum was discovered in Ogoni, Rivers South East Niger Delta, with 96 wells which brought nine fields on stream and before oil production ceased in early ‘90s, due to devastating and uncontrollable oil spillages; over two million barrels in 2,976 separate spills polluted the area between 1976 and 1991!

During the last seven years of military occupation of the Nigerian State; 1992-1999, pressure groups agitated for special attention from Federal Government in respect of the upkeep of the region – especially in the areas of CLEAN – UP of polluted lands and prevention of future spillages but some who believed in application of force introduced militancy which forced authorities to pay more attention to the region!

Billions of US dollars have been paid militant groups which took up arms and continuously vandalized oil/gas pipelines to compound the already chaotic insecurity for them to lay down their arms for peace to reign!

According to the Minister of Environment between a period of four years, 2015 to March 2021, Nigeria recorded 4,919 oil spills and lost 4.5 trillion barrels of oil theft!

And scars of the environmental wounds inflicted on the once aquaculture/agriculturally-friendly Ogoniland in the forms of abandoned/discarded Shell-BP pipelines, are scattered and traverse the condemned, uninhabitable/contaminated land, creeks and waterways!

According to a May 2019 Report by Friends of the Earth International, “over two decades after Shell first was called out for its destruction of the Niger Delta, oil still contaminates the land, compensation is owed and Shell continues to obstruct justice.”


THE BRUTAL MURDER OF KEN SARO-WIWA AND CO!

Twenty-five years ago, late Social Activist and president of the MOVEMENT for the Survival of Ogoni People (MOSOP), Ken Saro Wiwa was executed along with eight associates (globally acclaimed as the Ogoni Nine), by the government of maximum military head of state, General Sani Abacha, for standing up to Shell’s destructive exploitative operations in their communities and not until Four Nigerian Farmers in conjunction with “Friends of The Earth, Netherlands”, instituted a court case against Shell at the Hague, to hold the Shell Petroleum Development Company culpable for its destruction of the Niger Delta!


SHELL AGREES TO PAY OGONI COMMUNITY N45.9BILLION FOR OIL SPILLAGE AS ORDERED BY THE SUPREME COURT!

It took a period of almost 32 years, but on 11th August, 2021, Shell Petroleum Development Company (SPDC), finally agreed to pay the Supreme Court order of N45.9billion compensation to an Ogoni Community, Ejama-Ebubu in Tai Eleme LGA of Rivers State, which sought damages against Shell for an oil spillage incident after a long-drawn legal tussle which began at the Federal High Court, Port Harcourt which awarded damages in 2010 in favour of the litigants and through to the Appeal Court and finally – the apex court!

Also on 8th June, 2009, Shell settled out-of-court with the Saro Wiwa family for USD $15.5 million having admitted complicity in military and human rights abuses which untimely terminated Ken and the Ogoni Nine in November, 1995


OGONI CLEAN UP SHOULD NOT BE DELAYED ANY FURTHER!

United Nations Environmental Programme (UNEP), has called on the Federal Government of Nigeria and the Oil and Gas Industry and Communities to begin a comprehensive clean-up of the region and take co-ordinated action to end to all forms of illegal oil bunkering, crude theft and artisanal refining of stolen crude causing oil contamination in Ogoniland!

Although the military junta alleged that Ken Saro-Wiwa and his members incited the murder of five prominent chiefs of the land, the late activist’s agitation for a clean and unpolluted environment of his birth place, Ogoniland did not die with him but miraculously resurrected through President Muhammadu Buhari, who eventually flagged off the clean-up exercise at Gokana Local Government Area of Rivers State on Thursday, 2nd June, 2016!

NIGER DELTA REGION DESERVES A BETTER DEAL AS THE FOREX FOOD BASKET OF NIGERIA!

They that trust in the Lord shall be as mount Zion, which cannot be removed, but abideth for ever. (Psa 125:1)




I am, yours sincerely, Dr. David B.A. Olufon. 08130669886, 08080243066. g-mail-dvdolufon@gmail.

z07ion:
Nigerians especially the Niger Delta indigenes deserve a better deal than the clueless economic solutions proffered by the Buhari Administration to solve the 63-year-old all-comers massive robbery in the Petroleum Sector!

They all applauded the President’s victory in 2015 as a civilian leader because of the assumption that he had vast experience to re-order, re-direct, re-invent, re-organize and harness the great potentials of the Oil Industry of the endemic institutional corruption which has been its acclaimed trademark!

He was Military Chairman from 1977-1978 when the Nigerian National Petroleum was created and later Federal Commissioner for Petroleum and Natural Resources when government invested in pipelines and petroleum storage infrastructures and as two term-President (2015-2021), he has jealously kept the Petroleum portfolio under his armpit for closer scrutiny! But in spite of the citizens’ assumptions, the petroleum regime has witnessed its worst hiccups through blatant disregard for accountability and had exposed a brazen penchant for retention of a blank cheque ie, an unspecified percentage of total IGR before remission to the TSA!

But with the planned incorporation of the NNPC, should Nigerians hope for sanity in the up, middle, and down streams now that the PIA is now assented by Mr. President or the document is another “paper tiger”?

During Ibe Kachikwu’s tenure as Minister of State for Petroleum the NNPC GMD whose loyalty was to the President allegedly by-passed Kachikwu to award dubious contracts in spite Kachikwu’s seniority as Chairman of the NNPC Board!
Ibe Kachikwu’s bold petition directly to President Buhari at the Aso Villa was discarded because “some animals are more equal than others!”

WHEN “FUEL SUBSIDY” IS REMOVED, WILL OFFICIAL PRICE OF N165 PER LITRE OF PMS JUMP TO N340 (over 200%), BY JUNE 2022 IN ORDER TO ATTRACT MORE INVESTMENTS TO THE SECTOR ACCORDING TO OLD NNPC GROUP MANAGING DIRECTOR, MELE KYARI? WILL FEDERAL GOVERNMENT PAY N5, 000 AS PALLIATIVES TO 40 MILLION POOREST NIGERIANS TO CUSHION EFFECT OF THE PURPOSED INCREASE TO FULFIL THE NEWLY SIGNED PIA? ANSWER: NONE OF THE ABOVE WILL HAPPEN BECAUSE SUCH MONEY WAS NOT APPROPRIATED IN THE 2022 BUDGET! Is foreign exchange not N560 to one US Dollar – due to the devaluation of the Naira?


WHAT IS LOCAL DEREGULATION OF THE PETROLEUM SECTOR?

1) No downstream deregulation could take place when SUBSIDY of the PMS never existed in the first place! It is a monumental fraud against the poor masses!
2) Nigeria is the third largest producer of crude oil in Africa and yet opted for IMPORTING REFINED FUEL instead of building new Refineries!
3) Presently, there exist in the Niger Delta Region (THE GOOSE that lays the GOLDEN EGG), tens of tens of indigenous MODULAR REFINERIES churning out refined PMS, DIESEL, and other lubricants which SUPPLY all petroleum needs for the people; and they hardly experience any form of SCARCITY!
4) Government is aware of this “illegal” strategic thriving industry which embraces civilians, members of the armed forces, and the police was always patronized just like the official Depots located across the nation but has turned BLIND EYE!

RECOMMENDATIONS:
***Since the implementation of the newly signed PIA document has been put on hold because of policy somersaults, Federal Government should give approval to INGENIOUS LOCAL MODULAR REFINERIES and encourage other INVESTORS to build more!

QUESTION: When will the FOUR COMATOSE NIGERIAN REFINERIES PRODUCE PMS ETC,? HOW MUCH IS BEING PAID FOR REDUNDANT WORKERS WHOM MR. TIMIPRE SYLVA SAYS CANNOT BE SACKED EVEN IF TAKES FOREVER BEFORE THE OFFICIAL REFINERIES TO RESURRECT?

*** Mr. President directed that swearing-in of new NNPC BOARD MEMBERS scheduled for 26th November, 2021, be put on hold because it was a wrong step as we had pointed out in one of our past publications that no board could be in place and be collecting FREE SALARIES when their institution had not become a LEGAL ENTITY!

MUST NIGERIA BECOME THE LAPDOG OF OPEC, IMF OR WORLD BANK AND DANCE TO THEIR DICTATES?
The President and his cohorts may be BEGGARS, all patriotic Nigerians are not and will never be cowed into submission to THE FRAUD CALLED FUEL SUBSIDY!

MEMBERSHIP TO AFFECT LOCAL DEREGULATION POLICY? NO!

Out of the belly of Oloibiri, a small community of farmers and fishermen in Ogbia LGA, Bayelsa State, eastern Niger Delta region of Nigeria flowed out the first thousand litres of crude oil “liquid black gold” which was destined to prosper and destroy Nigeria simultaneously!

Shell Petroleum Development Company (SPDC), in 1956 at this ancient town after half a century efforts of exploration discovered crude oil and in 1958, the country registered as an oil producer and its first oil field delivered 5,100 barrels per day (bpd).
Also in 1958, petroleum was discovered in Ogoni, Rivers South East Niger Delta, with 96 wells which brought nine fields on stream and before oil production ceased in early ‘90s, due to devastating and uncontrollable oil spillages; over two million barrels in 2,976 separate spills polluted the area between 1976 and 1991!

During the last seven years of military occupation of the Nigerian State; 1992-1999, pressure groups agitated for special attention from Federal Government in respect of the upkeep of the region – especially in the areas of CLEAN – UP of polluted lands and prevention of future spillages but some who believed in application of force introduced militancy which forced authorities to pay more attention to the region!

Billions of US dollars have been paid militant groups which took up arms and continuously vandalized oil/gas pipelines to compound the already chaotic insecurity for them to lay down their arms for peace to reign!

According to the Minister of Environment between a period of four years, 2015 to March 2021, Nigeria recorded 4,919 oil spills and lost 4.5 trillion barrels of oil theft!

And scars of the environmental wounds inflicted on the once aquaculture/agriculturally-friendly Ogoniland in the forms of abandoned/discarded Shell-BP pipelines, are scattered and traverse the condemned, uninhabitable/contaminated land, creeks and waterways!

According to a May 2019 Report by Friends of the Earth International, “over two decades after Shell first was called out for its destruction of the Niger Delta, oil still contaminates the land, compensation is owed and Shell continues to obstruct justice.”


THE BRUTAL MURDER OF KEN SARO-WIWA AND CO!

Twenty-five years ago, late Social Activist and president of the MOVEMENT for the Survival of Ogoni People (MOSOP), Ken Saro Wiwa was executed along with eight associates (globally acclaimed as the Ogoni Nine), by the government of maximum military head of state, General Sani Abacha, for standing up to Shell’s destructive exploitative operations in their communities and not until Four Nigerian Farmers in conjunction with “Friends of The Earth, Netherlands”, instituted a court case against Shell at the Hague, to hold the Shell Petroleum Development Company culpable for its destruction of the Niger Delta!


SHELL AGREES TO PAY OGONI COMMUNITY N45.9BILLION FOR OIL SPILLAGE AS ORDERED BY THE SUPREME COURT!

It took a period of almost 32 years, but on 11th August, 2021, Shell Petroleum Development Company (SPDC), finally agreed to pay the Supreme Court order of N45.9billion compensation to an Ogoni Community, Ejama-Ebubu in Tai Eleme LGA of Rivers State, which sought damages against Shell for an oil spillage incident after a long-drawn legal tussle which began at the Federal High Court, Port Harcourt which awarded damages in 2010 in favour of the litigants and through to the Appeal Court and finally – the apex court!

Also on 8th June, 2009, Shell settled out-of-court with the Saro Wiwa family for USD $15.5 million having admitted complicity in military and human rights abuses which untimely terminated Ken and the Ogoni Nine in November, 1995


OGONI CLEAN UP SHOULD NOT BE DELAYED ANY FURTHER!

United Nations Environmental Programme (UNEP), has called on the Federal Government of Nigeria and the Oil and Gas Industry and Communities to begin a comprehensive clean-up of the region and take co-ordinated action to end to all forms of illegal oil bunkering, crude theft and artisanal refining of stolen crude causing oil contamination in Ogoniland!

Although the military junta alleged that Ken Saro-Wiwa and his members incited the murder of five prominent chiefs of the land, the late activist’s agitation for a clean and unpolluted environment of his birth place, Ogoniland did not die with him but miraculously resurrected through President Muhammadu Buhari, who eventually flagged off the clean-up exercise at Gokana Local Government Area of Rivers State on Thursday, 2nd June, 2016!

NIGER DELTA REGION DESERVES A BETTER DEAL AS THE FOREX FOOD BASKET OF NIGERIA!

They that trust in the Lord shall be as mount Zion, which cannot be removed, but abideth for ever. (Psa 125:1)




I am, yours sincerely, Dr. David B.A. Olufon. 08130669886, 08080243066. g-mail-dvdolufon@gmail.

OK

What you seek comes from a good place but the truth is that place can't be found in Nigeria.
You have to look beyond the current contraption to see the promised land.

If you chose to ignore, claim different or defer, generations will pass by without a single step in the right direction.

Reconsider Today

The person who wrote this rubbish is very ignorant of the downstream sector in the crude oil business

Illegal refinaries are able to make money now because of one thing they steal the crude simple

Petrol refinaries are complex slim margin business ... infact no rifinaries would ever make profit unless u have a petrochemical system attached to it ...

This write up is rubbish

The only reason the illegal refineries are making money in the Niger Delta is because most of them are stealing it.

If they do not have the opportunity to steal, they will all be run out of business.

Illegal refineries is one of the main reason there is soot in PH

oyatz:


But they can be made to become legal refineries, register with Government, undergo training by our LOCAL Departments of Chemical Engineering in our universities and improve their systems of operations.

Even with how corrupt Nigerian Politicians and Civil Servants are none of them will likely work towards giving the illegal refineries a license to start operating.

The only thing this set of people deserve is to be lock up in jail for nothing less than 40 years.

Look at the way most of this illegal refineries look like and the kind of ruthless damage they cause to Human Beings, The Environment, Wildlife and Aquatic Vertebrates.

The 40 million poor citizen they are talking about are in the North part of the Country as they did in 2020.

mrvitalis:
The person who wrote this rubbish is very ignorant of the downstream sector in the crude oil business

Illegal refinaries are able to make money now because of one thing they steal the crude simple

Petrol refinaries are complex slim margin business ... infact no rifinaries would ever make profit unless u have a petrochemical system attached to it ...

This write up is rubbish

Well, Nigeria can give them the crude oil on credit to refine, sell and pay for the cost before receiving the next quota of crude.

DubaiLandLord1:
The only reason the illegal refineries are making money in the Niger Delta is because most of them are stealing it.

If they do not have the opportunity to steal, they will all be run out of business.

Illegal refineries is one of the main reason there is soot in PH

But they can be made to become legal refineries, register with Government, undergo training by our LOCAL Departments of Chemical Engineering in our universities and improve their systems of operations.

oyatz:


Well, Nigeria can give them the crude oil on credit to refine, sell and pay for the cost before receiving the next quota of crude.

Do you even understand ? They can't make any profit if they have to buy crude oil

Not to talk about the environmental impact

Even the 10,000 barrel per day rifinaries in badagry owned by one man from imo, the one in imo state and Edo own can't produce petrol to the required standards ...they can only produce diesel and kero ...it's not profitable sir

U buy crude $65 per barrel let's exclude transportation to your rifinaries that is #
32,500 that's roughly 160 litter of crude

By standard this would give you In simple words, 73 liters Petrol, 36 liters Diesel,20 liters Jet fuel & heavy fuel oil 6 liters Propene
34 liters of other products (Butane, Asphalt & Sulphur)

But you don't have the cracking system to take propane and petrol

So you would be Left with 50 - 60 litters concosion call local diesel ...which you sale max 300 pee litter that's 18,000 the rest you throw away ...so you already losing 14500
No workers salary , maintaining equipment

It's impossible sir

It's not coincidence that the thread is dry. Our "leaders of tomorrow" hardly know their left from right when it comes to Economic and Development issues. Change to topic to "BB Naija Tacha, once had sex inside a Cab" and watch it reach 20 pages. Tufiakwa.

Subsidy has to go! I supported Jonathan in 2011 and would support Buhari (the liar) this time. Certain issues transcend governments. It doesn't matter if who is doing it, is "our son" or not. How can we be buying fuel at below cost price and expect efficiency, investment and development. How would it come about??

The emphasis should be on the transparent, and allocative efficiency of the savings. But lazy Nigerian youths would gladly look the other way till when eventually it is removed, they would look towards our fraudulent politicians, and even dumber yeyebrities to champion the narrative and we will all be back to square one.

Tufiakwa.