Editorial
Sell Refineries, Now!
About a forthnight ago, Nigerians were shocked with the news that the four refineries owned by the Federal Government recorded a total loss of N406.62 billion in two years. In fact, the audited report of the refineries located in Port Harcourt, Kaduna and Warri with a combined capacity of 445,000 barrels per day have been running at a loss for more than 10 years now.
Apart from operating far below their installed capacity over the years, forcing the country to rely largely on importation of refined petroleum products, they have become huge drain pipes for the country. They also, have remained in a state of disrepair for many years despite several reported repairs and the often bandied Turn-Around-Maintenance, TAM.
According to the latest audited financial statements of the plants, the Kaduna Refinery recorded a loss of N64.34 billion in 2018, down from N111.89 billion in 2017, while the Warri Refinery posted a loss of N44.44 billion in 2018, compared to N84.60 billion in the preceding year. Port Harcourt Refinery on its part lost N55.76 billion in 2017 and N45.59 billion in 2018.
To add insult to injury, the Group Managing Director, GMD, Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari last week at a summit organised by Seplat told the country that all the refineries were idle.
“Today, unfortunately, all our four refineries are down. “In Nigeria today, we are importing practically every petroleum product that we consume in this country. “But are working to make sure that we are able to fix our refineries”, the GMD told the summit.
Unfortunately, The Tide does not agree with Mallam Kyari. We believe that the nation has had enough of trying to fix the refineries. Past experiences have shown that such endeavours would be efforts in futility, an exercise that would end up frittering away scarce resources and lining the pockets of private individuals, while the refineries remain comatose.
We are also worried by the GMD’s pronouncement that plans were on to repair the refineries again. Indeed, past attempts to repair or turn around the refineries have left the plants worse than they were and billions of naira spent to no positive effect. This sad merry-go-round has left the national assets as huge liabilities and drain on the economy. Moreso, the idle and moribund refineries are monthly serviced with humongous grants, imprest and other expenses with staff earning luxury salaries, while contributing next to nothing to the national economy. In addition, staff of these plants still draw on national resources for estacodes for mostly phantom seminars, workshops and trainings across the globe.
That is why The Tide believes that it is time that the refineries are privatised or sold outrightly, without further delay. We say so because government, especially in Nigeria, has proven not to be a good businessman. Rather than sink another round of billions of naira that would serve better in other areas of our national economy in the refineries, only to continue to depend on importation for our domestic needs, the Federal Government should divest in the refineries without delay.
We expect the government to immediately put in motion machineries that would lead to the eventual sale of the bleeding assets. We think that rather than contemplate further investment in the refineries under any guise, the Federal Government should take a second but critical look at the issues surrounding the inability of private investors to build refineries, especially, the modular model in Nigeria.
According to the Department of Petroleum Resources, DPR, there are a total of 38 proposed modular refineries with capacities ranging from 5,000 barrels per day to 30,000 bpd, and a total capacity of 1.35 million bpd. However, out of the 44 refinery licences given out to private investors over the years, only a couple of projects, including the one being built by Dangote Industries Limited in Lagos, are underway.
It is therefore, pertinent that the Federal Government seeks ways to motivate the private investors to get to work and set up refineries that will not only service domestic needs but meet demands from other countries, rather than recycling the ineffective and wasteful venture of the government-owned refineries.
Indeed, the process of divesting and eventual sale of the refineries would neither be easy nor without turmoil. But the government must muster the political will and boldness to deal with the situation. Afterall, former national institutions like the NICON-NOGA Hilton, National Electric Power Authority, NEPA, NITEL, among others have been privatised or sold off.
We expect the appropriate authority to commence serious engagement with relevant stakeholders on the modalities of ending government’s involvement in the moribund refineries. We take this stand with the belief that the country can no longer afford to waste scarce resources and indirectly patronise private individuals who feed fat on the malfeasance that are Nigerian refineries, while ordinary Nigerians bear the brunt of the vicious circle.
Editorial
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Editorial
WPFD: Nigeria’s Defining Test
Nigeria stands at a critical juncture as the world marked World Press Freedom Day (WPFD) on May 3. This annual observance is a reminder that a free press is central to democratic life, good governance, and public accountability. For Nigeria, it is also a moment for sober reflection on how far the country has come and how far it still has to go in safeguarding the independence of its media.
World Press Freedom Day exists to highlight the fundamental importance of freedom of expression and to honour journalists who risk their lives in pursuit of truth. It underscores the idea that without a free press, societies cannot function transparently, nor can citizens make informed decisions. In countries like Nigeria, where democracy continues to evolve, the observance carries particular urgency.
This year’s theme, “Shaping a Future at Peace: Promoting Press Freedom for Human Rights, Development and Security”, places journalism at the heart of global stability. It emphasises that a peaceful society cannot be built on silence, fear, or manipulated information. Rather, it depends on the free flow of accurate, timely, and independent reporting.
At its core, the theme highlights the role of journalism in fostering accountability, dialogue, and trust. These are not abstract ideals. In Nigeria, where public confidence in institutions is often fragile, the media remains one of the few platforms through which citizens can question authority and demand transparency. When press freedom declines, so too does public trust.
Journalism serves as a foundation for peace, security, and economic recovery. Countries with robust media systems tend to attract greater investment, maintain stronger institutions, and resolve conflicts more effectively. Nigeria’s economic challenges, ranging from inflation to unemployment, require open scrutiny and informed debate, both of which depend on a free press.
However, the issue of information integrity has become increasingly complex in the digital age. Artificial Intelligence (AI) and online platforms have amplified the spread of misinformation and disinformation. In Nigeria, where internet penetration has grown rapidly, false narratives can travel faster than verified facts. This makes the role of credible journalism more vital than ever.
The challenge is not only technological but also ethical. AI-driven manipulation of information threatens to distort public discourse, influence elections, and deepen social divisions. In such an environment, professional journalism must act as a stabilising force, ensuring that truth prevails over sensationalism and propaganda.
Equally troubling is the safety of journalists. Across Nigeria, reporters face growing levels of online harassment, judicial intimidation, and physical threats. Self-censorship is becoming more common, as media practitioners weigh the risks of reporting sensitive issues. This trend undermines the very essence of journalism.
A particularly alarming incident involved a serving minister in the present administration, who openly threatened to shoot a journalist during a televised exchange. Such conduct, broadcast to the public, sends a dangerous signal that hostility towards the press is acceptable. It erodes the norms of democratic engagement and places journalists in harm’s way.
This year’s theme aligns closely with the United Nations Sustainable Development Goal (SDG)16, which promotes peace, justice, and strong institutions. Freedom of expression is a cornerstone of this goal. Without it, institutions weaken, corruption thrives, and justice becomes elusive. Nigeria’s commitment to SDG 16 must therefore include genuine protection for the media.
Historically, the Nigerian press has been a formidable force. From resisting colonial rule to challenging military dictatorships, our journalists have played a central role in shaping the nation’s political landscape. Today, however, that legacy appears to be under strain, as the media operates under what can best be described as a veneer of freedom.
Beneath this facade lies a troubling reality. Journalists are routinely harassed, detained, and prosecuted for performing their constitutional duties. Reports from media watchdogs indicate that dozens of Nigerian journalists face legal threats or arrest each year, often for exposing corruption or criticising those in power.
The Cybercrimes (Prohibition, Prevention, etc.) Act of 2015 has become a focal point of concern. Originally intended to combat cyber threats, it has increasingly been used to silence dissent. Sections 24 and 27(1)(b), in particular, have been invoked to target journalists, bloggers, and social commentators.
Although amendments introduced in February 2024 were meant to safeguard journalists, concerns persist. The law continues to be wielded in ways that stifle investigative reporting and restrict freedom of expression. Legal reforms must go beyond cosmetic changes to address the root causes of misuse.
To safeguard the future of journalism in Nigeria, decisive action is required. The Cybercrimes Act must be revisited to ensure it cannot be weaponised against the press. Law enforcement agencies must operate free from political influence, upholding the rule of law and protecting journalists’ rights. Civil society and international partners must also strengthen independent media through funding, training, and platforms for wider reach.
In this rapidly evolving world shaped by artificial intelligence and digital innovation, Nigeria faces a clear choice. It can either allow press freedom to erode under pressure, or it can champion a truly independent media landscape. The path it chooses will determine not only the future of journalism, but also the strength of its democracy and the peace it seeks to build.
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