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Experts List Investors’ Challenges On Building Of Refineries

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If stakeholders’ submissions are anything to go by, then, the dream of the nation to increase its domestic petroleum products refining from 445,000 barrels per day (bpd) to 1,429,000 bpd may not see the light of the day.
The experts, who spoke to The Tide in Opobo Town over the weekend in separate chats, said unless issues bedeviling case of doing busines in the oil-rich Niger Delta region, and a clear cut fiscal regime are tackled, no investor will be moved to commit resources into building of refineries in Nigeria.
A petroleum expert and Managing Director of Enigma-Petro-Data Investment Company Limited, Dr. Endwell Minimah, said that Inteernational Oil Companies (IOCs), operating in the country must stop the treatment of Nigerian’s citizens like trading animals and their land as rejected colony, rather they should invest in the energy sector to retain access to the nation’s resources.
Some of the world’s largest independent oil traders, Minimah stressed, benefited for years from exporting Nigeria’s crude and in turns sell the refined petroleum products to the country without putting money into developing the sector.He emphasised that “if you have been selling to me (refined) products for eight years and you cannot put a foothold in Nigeria, then I should not be buying products from you”.
On the failed efforts to involve private sector, he maintained that in 2002, 18 License to Establish (LTE), were offered investors to build refineries by the Department of Petroleum Resources (DPR) but, of today, only one of them have come on stream with just 1,000 barrels (bpd) capacity.         The petroleum scientist maintained that, the Nigerian National Petroleum Corporation (NNPC) refineries in Warri, Kaduna and two in Port Harcourt, have an installed capacity of 445,000 barrels per day (bpd), stressing that more worrisome is the fact that despite efforts to increase local refining capacity to conserve foreign exchange, Nigeria’s three refineries could only produce less than 43,743,273 million liters of fuel last month as against the nation’s daily consumption of over 40 million liters.
He said that, the country request for foreign exchange for imports of petroleum products, which currently stands at 45 percent will increase in the coming months unless something drastic is done about the spate of the refineries.
Minimah stressed further that, though the Corporation had hinted of arrangement to ramp up production from the 445,000 bpd to 1,429,000, the plan is yet to come to fruition as refineries are now operating at less than 40 capacities.
According to DPR, he said, the increase in refining capacity is to be achieved from the licensing of 25 private refineries by the Agency.
In his view, Dr Charlton Reuben Pepple, said Shell Petroleum Development Company Nigeria Limited (SPDC) cannot build a refinery in Nigeria due to the fact that there are surplus refineries across the globe, adding that refineries were no longer profitable, hence the decision of some firms to invest in the gas sector as alternative.
He said that with respect to downstream, Shell is divesting from refineries all over the world because there is ~us of refineries; Shell no longer own refineries even in the United Kingdom.
Pepple, who is the Managing Director of Afik Petro-Base Engineering Limited, Lagos, explained “that while most of the IOCs are already overburdened with the huge cost involved in operating in the upstream sector of Nigeria, question have been raised as to the economic sensibility of investing in the downstream sector.

Bethel Sam Toby

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NPA Assures On Staff Welfare 

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The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has said the management will continue to accompany its port infrastructure  and equipment  modernization drive  with the development of the welfare of its personnel.
Dantsoho made the disclosure recently while responding to the commendation by the Maritime Workers Union (MWUN) and the senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC) on the  clearing  of the age-long problem of employee stagnation, when the union paid him a courtesy visit at the Authority’s headquarters in Lagos.
A Statement by NPA’s General Manager Corporate & Strategic Communications, Mr. Ikechukwu Onyemekara, quoted Dantsoho as saying,  “our Port infrastructure and equipment modernization drive will go hand-in-hand with continuous staff welfare improvement”.
The NPA MD disclosed that human capital development constitutes the key strategy for creating and sustaining superior performance under his watch, adding that “talent development constitutes a critical success factor for the actualization of the big hairy audacious goals we have set for ourselves especially in the area of Port competitiveness.
“The only way we can meet and indeed exceed stakeholders’ expectations is to deepen the competencies of our human resources assets and boosting their morale.”
Speaking further, Dantsoho commended the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, for approving the strategic proposal of the Dantsoho-led Management team that solved the over a decade-long problem of lack of promotion that had fuelled industrial disharmony.
“I must specially appreciate our amiable Minister for graciously approving the multi-pronged stratagem we deployed that cleared all outstanding cases of employee stagnation by conducting examinations in one fell swoop and instituted timelines to forestall a recurrence of such anomaly”, he sad.
Speaking on behalf of the joint maritime labour unions, the President  of Senior Staff Association of Statutory Corporations & Government-Owned Companies (SSASCGOC), Comrade Bodunde stated, “In addition to clearance of the backlog of stagnated promotions, we also wish to express our appreciation for the increase in productivity bonuses, provision of end-of-year welfare packages for staff, and the revision of the Financial Guide to the Condition of Service, which now addresses our members’ concerns about inflationary pressures.”
Nkpemenyie Mcdominic, Lagos
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ANLCA Chieftain Emerges FELCBA’s VP

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National Secretary of the Association of Nigerian Licensed Customs Agents (ANLCA), Elder Olumide Fakanlu, has been elected Vice President of the Federation of ECOWAS Licensed Customs Brokers Association (FELCBA).
The election took place during the FELCBA Congress, held from Tuesday, June 17th to Thursday, June 19th, 2025, in Freetown, Sierra Leone.
Fakanlu’s emergence as Vice President marks a significant achievement for Nigeria within the regional customs brokerage community.
Apart from Fakanlu, Secretary of the Seme Chapter of ANLCA, Austin Nwosu, was also elected, securing the role of Secretary of Relations with Institutions.
The Nigerian delegation played an active role in the congress, with Michael Ebeatu nominated as a member of the electoral officer team, ensuring a fair and transparent election process.
The three-day congress concluded with delegates undertaking a visit to the Sierra Leone Port, offering insights into the host nation’s maritime operations, followed by a recreational trip to the Tokeh Beach.
The newly elected executives are expected to lead FELCBA in its efforts to harmonize customs brokerage practices, promote trade facilitation, and advocate for the interests of licensed customs brokers across the ECOWAS sub-region.
Nkpemenyie Mcdominic, Lagos
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NSC, Police Boost Partnership On Port Enforcement 

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In a bid to enhance more enforcement in the nation’s Port, the Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to stronger inter-agency collaboration with the Nigeria Police Force (NPF).
The Council said the collaboration is aimed at enhancing stronger enforcement, compliance and improve operational efficiency across Nigeria’s ports.
Executive Secretary/Chief Executive Officer of  NSC, Dr. Pius Akutah, made this known during a visit to the  Inspector-General of Police, Dr. Kayode Adeolu Egbetokun, at the Force Headquarters, Abuja.
The visit, which he said, focused on strengthening institutional synergy, comes in the wake of growing responsibilities for the NSC under the newly created Ministry of Marine and Blue Economy.
Akutah emphasized the critical role of security agencies in supporting port operations and ensuring regulatory compliance.
He called for the posting of police officers to assist the Council’s monitoring and enforcement teams at key port locations including Lagos, Warri, Onne, Port Harcourt, and Calabar.
“The posting will complement the activities of our revived task teams and enhance our ability to enforce standards across the maritime logistics chain”, he said.
Earlier, the Inspector-General of Police, Dr. Egbetokun, assured the Council of the Force’s readiness to continue supporting the growth of the maritime sector.
The IGP acknowledged that compliance enforcement is essential to the successful implementation of Nigeria’s Blue Economy objectives.
“The NSC and NPF are expected to deepen collaboration in the months ahead, with a shared focus on building a secure, efficient, and competitive port environment”, to the IGP emphasized.
Chinedu Wosu
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