Connect with us

Business

NUPENG And The Rest Of Us

Published

on

The National Union of Petroleum and Natural Gas Workers
(NUPENG), last Monday in Lagos, issued a four-day notice to embark on a
nationwide strike should the Federal Government fail to effect payments of
outstanding fuel subsidy claims to importers of Premium Motor Spirit (PMS)/depot
owners across the country.

While issuing the threat, President of NUPENG, Achese Igwe,
said that the action became imperative following government’s failure to pay
the subsidy claims, which the union argues, was a breach of an agreement it
reached with the government on July 27, 2012, and therefore, threatens the job
security of Nigerians working for the oil marketers as they (marketers) are now
unable to pay staff salaries.

NUPENG also insisted that the government needed to clear the
outstanding subsidy claims because it has refused to repair the refineries and
depots to enable them refine and store products for local consumption. The
union argued that fuel importation was a burden the Federal Government brought
upon itself by sheer neglect of the refineries, stating that it therefore,
behoves on the government to fulfil its obligations to Nigerians by paying
those licensed to import products.

The union said that government’s failure to pay the
outstanding subsidy claims to fuel importers, meant that its members working
for the private depot owners and others, who have been owed salaries for
months, would continue to suffer as long as government remained adamant,
stressing that this was in breach of the Memorandum of Understanding (MoU)
signed with all stakeholders by government.

But in a swift reaction, Minister of Finance, Dr Ngozi
Okonjo-Iweala, said that the government would not pay subsidy to individuals
and companies indicted in the 2011 oil subsidy probe to which several billions
of naira had been siphoned from government’s coffers.

Okonjo-Iweala, who is also the Coordinating Minister of the
economy, stated that as long as the Economic and financial Crimes Commission
(EFCC) had not concluded its prosecution of those accused of fraudulently
receiving monies from government in connection with fuel importation,
government will not release any payments to them until they refund the monies
they illegally collected.

While The Tide understands the union’s position over the
delay in fixing the refineries and depots, and the fact that its members
working for some of the companies indicted in the subsidy probe reports may be
suffering as a result of the inability of their employers to pay them salaries
as and when due, we seriously disagree with the union’s stand that industrial
action is the best option available.

The Tide reckons that NUPENG has an inalienable right to
protest and ensure improved welfare for its members, but the union should also
realise the fact that where its rights end, the rights of other Nigerians
begin. Without a doubt, the union has to respect the rights of others to
peaceful socio-economic lives and demand its members’ rights in such a way that
they do not infringe on the rights of others.

We indeed believe that there are other means of resolving
such conflicts, especially through dialogue and negotiations with all parties
as well as enlisting the services of the courts of competent jurisdiction to
adjudicate on the matter to ensure that justice was served instead of
attempting to be the accuser, the judge and the executioner in its own matter.

For us, the NUPENG’s threat is a deliberate ploy to
blackmail the government into paying undeserving petroleum marketers for
services they did not render.  This, in
itself aims at perpetuating official corruption which every well meaning
Nigerian stands against.

We rather expect NUPENG to mount pressure on the petroleum
marketers to comply with the due process and get their pay instead of trying to
blame the ordinary Nigerians. NUPENG should be civil enough to dialogue with
the Federal Government on the subsidy payment issues with a view to finding a
sustainable solution to the impasse and nothing more.

Plunging the nation into any strike at this time would
subject millions of Nigerians into another period of suffering and drain the
struggling economy. Besides, the security challenges facing the nation would
further be given fillip by creating window for hoodlums to take advantage of
the atmosphere to cause instability and threaten the peace of the nation.

Nigerians are not ready now for any strike that would cripple
the system just to satisfy the selfish interest of a few. We think that it is
time to call the NUPENG bluff. NUPENG should realise that it is not the only
industrial union in Nigeria, and that its excesses should not be allowed to
hurt any Nigerian anymore. Nigerians deserve to lead their normal lives without
any distractions from another round of fuel strike.

Continue Reading

Business

IPMAN Raises Concern Over Delay In Chinese Refinery Deal …Predicts Lower Fuel Prices Through Competition

Published

on

The Eastern Zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum Company Limited (NNPCL) to fast-track the conclusion of the proposed Technical Equity Partnership with two Chinese firms.
IPMAN made the appeal amid growing concerns over the delay in finalising the agreement initiated through the signing of a Memorandum of Understanding (MoU) on April 30, 2026, between NNPCL and Sanjiang Chemical Company Limited as well as Xinganchen (Fuzhou) Industrial Park Operation and Management Company Limited.
It said the proposed arrangement was designed to revive and expand operations at the Warri and Port Harcourt refineries, noting that successful implementation would strengthen the downstream petroleum sector and restore confidence in Nigeria’s oil and gas industry.
The former Unit Chairman and current Zonal Secretary of IPMAN, Eastern Zone (System 2E), Comrade Inimgba Emmanuel Okubowei, made the call in a statement issued by the union after the Good Governance Summit organised by the Working People United (WOPU) in Abuja, and obtained by TheTide in Port Harcourt, at the weekend.
Okubowei expressed concern over the continued hardship faced by Nigerians due to the high cost of Premium Motor Spirit (PMS), stressing that households and businesses were increasingly burdened by rising energy costs.
Okubowei stated that fuel prices would naturally decline once the Chinese partners commence full operations at the refineries, explaining that increased refining capacity and a more competitive market environment would positively influence pump prices.
The unionist further noted that the partnership would attract fresh investment, improve domestic refining output, increase petroleum product availability and create a more stable operational environment for industry stakeholders.
He maintained that healthy competition remains one of the most effective mechanisms for achieving fair pricing in the downstream petroleum industry and protecting consumers from avoidable price pressures.
The IPMAN official further argued that the entry of additional technically competent operators into the refining space would discourage monopolistic tendencies, improve operational efficiency and guarantee a more stable supply of petroleum products across the country.
He, therefore, appealed to the Group Chief Executive Officer of NNPCL, Engr. Bashir Bayo Ojulari, and the management of the company to accelerate all outstanding processes required for the successful execution of the Technical Equity Partnership.
Okubowei also called on the NNPCL leadership to publicly explain the reasons behind the prolonged delay and provide Nigerians with a definite timeline for the commencement of the project.
He emphasised that transparency, accountability and timely communication would strengthen public confidence in the initiative, adding that prompt execution of the agreement would enhance Nigeria’s energy security, create employment opportunities, stimulate economic growth and provide lasting relief to millions of Nigerians through more affordable petroleum products.
King Onunwor
Continue Reading

Business

Gas Economy: Decade of Gas, Pi-CNG/ EV Deepen Media Engagement

Published

on

Poised to achieving an in-depth understanding of the Nigeria’s gas economy by it’s populace, the Decade of Gas Secretariat, in collaboration with the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV), has deepened media capacity engagement across the country.
The media session, third in its series, and held at the Hotel President, Port Harcourt, recently, brought together 30 journalists from the television, radio, print, and digital media platforms to deepen their understanding of Nigeria’s gas development agenda and further enhance their reportage on the role of gas in driving economic growth, energy security, industrialization, job creation, and improved living standards.
Speaking during the session, the representative,  Decade of Gas Secretariat,Taofeek Balogun , noted that the port Harcourt engagement followed two earlier sessions held in Lagos and Abuja, a move that began in 2025.
According to him, Nigeria’s gas sector continues to record significant progress, with year-to-date gas production reaching 7.85 billion standard cubic feet per day (bcfd).
Domestic gas utilization has surpassed the 2 bcfd mark, while gas exports have risen to their highest level in five years, reflecting growing demand across power generation, industries, transportation, exports, and household consumption.
Balogun emphasised the successful completion of the Obiafu-Obrikom-Oben (OB3) River Niger Crossing by NGIC/NNPCL, describing it as a critical infrastructure milestone that would improve gas transportation across the country, support industrial growth, attract investment, strengthen energy security, and contribute to economic development.
As part of efforts to expand domestic gas utilization, he reiterated the Federal Government’s commitment to increasing access to clean cooking solutions. The government’s target is to distribute cooking gas cylinders to five million households by 2030.
Following the successful rollout of the programme across the six geopolitical zones by the Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo, implementation would now move to the state level, beginning with Bayelsa State in July 2026.
Under the initiative, Balogun said, 27,000 households in Bayelsa are expected to receive cooking gas cylinders within the year as part of the 1(one) million homes per year target.
Also speaking, the Chief Operating Officer of Pi-CNG & EV, Tosin Coker, highlighted ongoing efforts to expand the adoption of Compressed Natural Gas (CNG) and electric mobility solutions as cleaner and more affordable transportation alternatives for Nigerians.
He disclosed that the Federal Government is promoting the adoption of CNG across Ministries, Departments and Agencies (MDAs) through the conversion of existing vehicle fleets and the procurement of CNG-powered vehicles as part of broader efforts to reduce transportation costs and improve energy efficiency.
Coker said “more than 100,000 vehicles have now been converted to CNG nationwide under the initiative, reflecting growing acceptance of alternative fuel solutions and supporting the country’s transition towards cleaner and more sustainable transportation”.
Participants commended the initiative for strengthening media capacity and improving public understanding of developments within Nigeria’s energy sector.
The Decade of Gas Secretariat and Pi-CNG & EV further reaffirmed their commitment to sustained stakeholder engagement and public awareness as Nigeria continues its journey towards a gas-powered economy.
Continue Reading

Business

Group Seeks Media Partnership To Enhance Business Growth

Published

on

The Chief Executive Officer of Kefa Communication, Mr. Obihele Victor Amos, has called for stronger collaboration between business organisations and media institutions to enhance business growth, economic expansion and wider public engagement across communities.
Amos made the call during a press briefing in Port Harcourt at the weekend.
He emphasised that strategic media partnership remains critical to improving visibility for businesses and attracting investment opportunities.
According to him, the media occupies a central position in shaping public perception and creating awareness that can support enterprise development and economic sustainability.
He also noted that, many emerging businesses continue to face growth limitations due to insufficient publicity and inadequate access to effective communication channels.
“Stronger engagement with the media would help bridge information gaps and create better connections between businesses and potential customers”, he said.
The CEO further stated that responsible and developmental journalism could play a significant role in promoting innovation and encouraging healthy competition within the business environment.
He stressed that beyond informing the public, the media serves as a platform for influencing policies and encouraging stakeholder participation in economic development.
Amos further disclosed the group is committed to building relationships with media organisations through continuous engagement and collaborative initiatives.
He said such partnerships would create opportunities for entrepreneurs and support efforts aimed at expanding market access.
The business leader also urged media practitioners to sustain professionalism and continue highlighting stories that promote enterprise and national development.
He expressed confidence that improved synergy between the media and the business community would contribute to employment generation and economic resilience.
Some participants at the briefing described the initiative as a welcome development capable of strengthening public understanding of business opportunities.
There were also calls for sustained cooperation among stakeholders to drive inclusive business growth and long-term development.
King Onunwor
Continue Reading

Trending