Business
PETROAN Tasks NNPC On Accountability, Transparency In Operations …Wants 3m Barrels Reserved For Future Domestic …Oppose Repair Of PH Refinery
The Petroleum Products Retail Outlets Association of Nigeria (PETROAN) has urged the new management of the Nigerian National Petroleum Company Limited (NNPC) to be transparent in its operations to disabuse the minds of Nigerians who see the national oil company as overly opaque.
The National President, PETROAN, Dr. Billy Gillis-Harry, who made this known while speaking on Channels Television, argued that the NNPC has over the years created an environment wherein Nigerians are always suspicious of the organisation, advising the company to keep its books open henceforth.
Gillis-Harry also decried the lack of access to adequate supply of crude oil by local refineries, calling on the authorities to work towards ensuring that in the coming years, 3 million barrels are reserved for the refineries that are springing up all over the country.
He called on the concerned government regulatory bodies including the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the NNPC to ensure the workability of the proposal.
In his words, “NNPC has created that kind of environment where it’s now difficult for the public to trust them with anything. And I think it will be in the best interest, not just of the management, but of Nigeria, that that mindset should be changed by the current management.
“Bayo Ojulari is coming from the private sector, a very well-organised private sector, because he’s coming from a Shell background.
“So, I believe that he and his team, and Mr. Kida (Chairman), who is also coming from Total, have gone through a very regulated and very efficient system. And I think that they should bring that experience to bear on how the Nigerian oil industry should be.
“And NNPC should rise up from the doldrums and raise its head up and say, for so many years we didn’t do it right, but now we want to do it right. And I think that there is no time that is better than doing that”.
He reiterated some of the demands of the industry, which included raising crude oil production, transparent operations and creating a smooth relationship with host communities in the Niger Delta.
“Our demand is simple, which is that transparency should be key. The production of crude oil should be increased. We should be able to do as much as possible to make sure that the host communities of the Niger Delta are friendly, to encourage the businesses to come in”, he stated.
Gillis-Harry, however, aligned with the current divestments in the oil sector in Nigeria, expressing the view that indigenous companies are already taking over without any issues.
“We appeal that there should be a very special crude oil production plan for the local refineries, because with the number of refineries coming up in Nigeria, and hopefully with NNPC working hard to make their refineries work, Nigeria should be a refining hub, where we should then be earning additional foreign exchange by exporting refined petroleum products.
“So, we are looking at a situation where they should aim to keep 3 million barrels of Nigerian crude oil for refining in-country.
“And so, regardless of what has happened in the years where we hear that most of the crude oil that has not been even produced has been sold ahead for five years, errors could be made, and I think it takes people to see those errors and be able to ensure that they are corrected.
“So, I think that this management should start the revamping process, showing Nigerians the value and capacity that we have as a country to stand on our own and be the men and women that we should be, because we are leaders”, he said.
To ensure that there’s transparency in fuel pricing, Gillis-Harry said PETROAN was floating a platform to track and monitor the movement of prices and to make sure that the required industry data was made available to the public.
On the issue of the Port Harcourt refinery, the PETROAN boss stressed the need for transparency in the repairs stating that the association was willing to give the best support to Ojulari and his team.
He stated further that the temporary closure should be for the effective good and benefit of Nigerians, insisting that the 30 days timeline be adhered to.
“Right now, we cannot say for sure what is the progress (of work)”, he noted.
Business
Nigeria’s Gold, Other Solid Minerals Being Stolen – NEC
The National Economic Council has expanded the mandate of its Ad-hoc Committee on Crude Oil Theft Prevention and Control to cover illegal mining.
This is just as the council raised the alarm that the nation’s solid minerals, including gold, are being mined and stolen.
Imo State Governor, Hope Uzodimma, who chairs the committee, disclosed this while briefing State House correspondents after the 153rd NEC meeting chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja, yesterday.
Uzodimma said the expanded mandate is part of the government’s efforts to curb resource theft and increase revenue from Nigeria’s solid minerals sector.
“The National Economic Council Ad-hoc Committee on Crude Oil Theft Prevention and Control, which I chair, presented an interim report today to the Council.
“NEC received our report with satisfaction and expanded our Terms of Reference to now also take interest in solid minerals, because our solid minerals are being mined and stolen and not adding to national revenue,” said Uzodma.
He noted that the expanded role would enable the committee to coordinate with the Ministry of Solid Minerals Development and other federal and subnational institutions to combat widespread illegal gold mining and other forms of mineral smuggling that have deprived the country of much-needed foreign exchange.
“Going forward, our committee, working with other government agencies, will look at how to ensure that the revenue of the country arising from solid minerals like gold and other forms of solid minerals are not allowed to be stolen,” the governor added.
NEC’s Ad-hoc Committee on Crude Oil Theft Prevention and Control was first established under former President Muhammadu Buhari in August 2022.
It was reconstituted under President Bola Tinubu in December 2023 with Uzodinma as chairman.
The committee was initially mandated to address the challenge of crude oil theft and pipeline vandalism.
Its creation followed rising oil theft that had crippled national production and forced international oil companies to shut down key pipelines.
At the time, oil production had crashed to around 700,000–800,000 barrels per day, far below Nigeria’s OPEC quota, costing the government billions of dollars in lost export revenue.
Uzodimma explained that through what he called a “collaborative approach” involving regulators, operators, and the security forces, the committee had helped raise daily crude oil production to over 1.7 million barrels per day in the past 22 months.
The governor stated, “Before May 29, 2023, when President Bola Tinubu was sworn in, our crude oil production was around 700,000 to 800,000 barrels a day.
“Working with stakeholders, the regulators, operators in the industry, and the Navy, we were able to involve all the governors of crude oil-producing states and raise different security organisations.
“You would agree with me that as I speak, daily production is now in excess of 1.7 million barrels a day, and cases of pipeline vandalism and vandalisation of oil assets have also been on the decline.”
The council, he said, was satisfied with the progress and decided to deploy the same model of intergovernmental coordination, private-sector partnership, and multi-agency surveillance to the mining sector, plagued by resource theft.
“We are determined to ensure that crude oil production and gas are properly preserved for the benefit of our citizens.
“Now, with this new directive, we will also protect our gold and solid mineral assets,” Uzodinma added.
Nigeria’s illegal mining economy, particularly in gold, lithium, and other high-value minerals, has grown into a multibillion-naira shadow industry.
According to data from the Nigeria Extractive Industries Transparency Initiative, the country loses an estimated $9bn annually to illegal mineral extraction and smuggling.
The Federal Government has linked several unlicensed mining operations to armed groups in the North-West and North-Central regions, where gold has become a source of illicit financing for bandits.
A 2023 NEITI audit also showed that over 80 per cent of mining activities in Nigeria were conducted informally, without licenses or environmental oversight.
In September 2024, the Ministry of Solid Minerals Development revoked over 900 dormant licences and announced plans for a national gold reserve policy. But enforcement remains difficult, with weak surveillance, limited manpower, and overlapping regulatory mandates.
According to Uzodimma, the expanded mandate aims to integrate the fight against illegal mining into the broader national resource protection framework previously used in the oil sector.
“We have done well,” he claimed, adding, “Among other things, we recommended that NNPC, working with security agencies and their consultants, should strengthen security in all the creeks and extend coverage to offshore regions. That will help in curtailing and supervising illegal entries and exits of vessels into our export terminals. This same spirit will now guide our solid minerals sector.”
The committee is expected to submit its first progress report on the expanded mandate at the next NEC meeting in November.
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