Oil & Energy
Don Advises FG On Subsidy Removal
A University don, Professor Ben Naanen of University of Port Harcourt has stressed the need for Federal Government to strike a balance in its planned removal of petroleum subsidy in order not to further impoverish the ordinary Nigerians.
Professor Naanen who stated this in an interview with The Tide in Port Harcourt noted that the ordinary Nigerians had at no time benefited from oil subsidy.
He argued that there is a mafia in the oil sector of the country manipulating the subsidy at the expense of Nigerians, pointing out that the policy only existed in principles and not for the benefit of all.
“You will notice that the N65 per litre that they are supposed to sell is not working, so who are those benefiting.
There is apparently an oil mafia in this country based in whatever part that are secretly manipulating the subsidy and making a killing at the expense of Nigerians. This N65 only operates in some places”, he declared.
While supporting its removal, however, the professor of History stressed the need for the federal Government to close-mark Petroleum marketers, who he said, would capitalise on the development to cheat on the consumers of petroleum products.
His words: “The problem here is that markets will still capitalise on the subsidy removal to make things difficult for the people. If you look at the overall structure or nature of our economy, our transportation system is completely motorised and all these vehicles depend on hydro-carbon fuel as well as our energy system. I think it is going to exacerbate poverty”.
Underscoring the need to improve on other sources of energy, Professor Naanen urged the government and other stakeholders to find lasting solution to the infrastructural development of the country, pointing out that road transportation alone was not enough for the over 150 million people in Nigeria.
Meanwhile, the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke says the date for the commencement of the subsidy withdrawal has not been fixed as government is still consulting with Nigerians.
Mrs Madueke while speaking in Perth, Australia recently noted that a panel would be set up to manage the money that would accrue from the subsidy just as she assured transparency and efficiency in the use of the money.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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