Connect with us

news

Dangote Refinery : Tinubu to oil workers: avoid strike that undermines economy

Published

on

We lost 200,000 bpd, 1.2 megawatts of power generation to PENGASSAN’s action

‘Why Dangote Refinery must be protected’
The Federal Government came hard on Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) yesterday over last month’s strike during their faceoff with Dangote Refinery and Petrochemicals (DRP).

“We cannot hold the whole nation to ransom because of issues that we can amicably settle across the table,” President Bola Ahmed Tinubu said.

It was his first reaction to the situation during which the union disconnected the gas supply to the refinery in addition to limiting the pumping of crude to export terminals, an action likened to economic sabotage.

The President spoke yesterday at the Nigeria Economic Summit Group (NESG) event in Abuja.

He was represented by Vice President Kashim Shettima.

He called for patriotism and caution, urging union leaders to maintain sensitivity to national security during their free agitations for industrial welfare.

Also yesterday, the Group Chief Executive Officer (CEO) of Nigeria National Petroleum Company Limited (NNPCL), Bayo Ojulari, recalled the huge loss incurred by the country in the few days the strike lasted.

In Lagos, the scarcity of cooking gas surfaced over the weekend, with residents searching for the product across the metropolis.

The few places where the product was available witnessed long queues, and the price was hiked.

The scarcity was attributed to the effect of the PENGASSAN strike.

Describing the $20 billion privately-owned refinery as a national asset that should be supported to function, President Tinubu said the nation should jealously protect, promote, and preserve the facility in the national interest.

President Tinubu emphasised the importance of industrial harmony in the sensitive sector while declaring open the 31st NESG in Abuja.

Its theme was: “The reform imperative: building a prosperous and inclusive Nigeria by 2030.”

At the summit were the Minister of Budget and Economic Planning, Senator Atiku Bagudu, and other senior government officials.

The President said any threat to the 650,000-barrel-per-day Dangote Refinery should be viewed as a national sabotage.

The PENGASSAN/Dangote Refinery rift provoked anxiety nationwide about a looming fuel scarcity that had become a thing of the past since it commenced operation.

Ojulari said 200,000 barrels were lost to the union strike daily.

He also lamented that the company experienced deferred gas output during the dispute.

Ojulari, who briefed the President at his private residence in Lagos, however, said Nigeria would hit 1.8m bpd oil production by December.

Nigeria will protect every investment, says President

The President said his administration would protect every investment, warning that nothing must be allowed to disrupt the operations of the $20 billion facility.

President Tinubu described the Dangote Group President, Alhaji Aliko Dangote, as “not just an individual, but an institution”.

He urged labour unions to exercise restraint and seek peaceful dialogue in addressing industrial issues involving the refinery.

The President explained that the refinery, which was financed through a mix of equity, debt, and local and foreign bank loans, should remain operational to meet its financial obligations and sustain national economic stability.

He said: “The refinery has to function to service the debt. We cannot hold the whole nation to ransom because of issues that we can amicably settle across the table.”

President Tinubu said Dangote’s decision to invest massively in Nigeria, rather than abroad, was an act of faith in the country’s future.

He stressed: “If he had invested $10 billion in Microsoft, Amazon, or Google, he might be worth $70 to $80 billion today.

“But he chose to invest in Nigeria, and we owe it to future generations to promote, preserve, and protect the interests of this very Nigerian.”

The President called for “caution, introspection, and a sense of accountability from all the organised and independent private sector players” to maintain industrial peace and a sustainable investment climate.

He added: “It’s not about holding the gold medal for ransom. Nigeria is greater than PENGASSAN; Nigeria is greater than each and every one of us.

“I’m not speaking as a partisan but as a Nigerian in search of solutions to our national challenges.”

The President urged the NESG to come up with policies that can resolve industrial disputes and prevent future disruptions in the sector.

Turning to broader economic issues, the President assured that Nigeria will overcome its current economic challenges through industrialisation, infrastructure development, and human-centred policies.

“As Nigerians, we are not condemned to low growth, high costs, and low trust. We will stabilise. We will industrialise. We will humanise our economy. We will stabilise prices and currency, and we will industrialise through power, logistics, and technology.”

The President said his administration has created pathways for the youth to access grants, loans, and equity investments of up to $100,000 to grow their enterprises, innovate, and build sustainable livelihoods.

He also announced a N200 billion intervention fund to support micro, small, and medium enterprises (MSMEs) and manufacturers in overcoming structural challenges and enhancing competitiveness.

He said: “Our expansion of digital micro-loan access has improved financial inclusion, empowered small businesses, and stimulated community-level productivity.”

On fiscal policy, the President said the newly signed Tax Reform Act—which introduced the Nigeria Tax Administration Act, the Nigeria Revenue Service Establishment Act, and the Joint Revenue Board Establishment Act—marked a major recalibration of the nation’s tax architecture.

“These reforms will boost domestic revenue mobilisation, reduce dependence on oil, and simplify compliance,” he said.

“They protect low-income earners, ensure fairness in corporate taxation, and strengthen digital innovation in tax administration.”

Ojulari: Production hit 1.68 tr last month

The NNPCL boss lamented the PENGASSAN and the Dangote Refinery faceoff.

He said: “It was quite unfortunate that the Dangote and PENGASSAN issue led to the strike.

“As you know, whenever critical staff manning key facilities are unavailable, operations are disrupted.

“We actually lost significant production of over 200,000 barrels per day and also experienced deferred gas output, while about 1.2 megawatts of power generation were affected.”

Ojulari commended the Federal Government for swiftly intervening through the Minister of Labour and Employment, Dingyadi, and the National Security Adviser (NSA), Nuhu Ribadu, who brokered peace.

He said: “Everyone was brought to the table, and a communiqué was agreed upon on the way forward. We are very hopeful that all parties will abide by it.”

On the recent gas price spikes, Ojulari attributed the rise to temporary supply chain disruptions during the strike.

He added: “The increase you saw was relatively artificial. For the period of the strike, loading and movement were delayed by about two or three days, and that created a temporary scarcity.

“Some marketers exploited the situation to raise prices. Now that things are back to normal, prices should return to what they were before the strike.”

Ojulari said that Nigeria’s crude oil production would reach 1.8 million barrels per day (bpd) before the end of the year, following months of consistent growth and strategic maintenance interventions across production facilities.

He said production hit 1.68 million barrels per day in September—the highest level in about five years—while gas output also reached a record seven billion cubic feet (BCF) per day.

Ojulari said: “With the turnaround maintenance completed in August and September now coming back onstream, we expect that before the end of the year, we should be clocking at least 1.8 million barrels per day, all things being equal.”

He noted that the achievement aligned with the President’s directive to ramp up production to at least two million barrels per day by 2027 and three million barrels by 2030 under the Renewed Hope energy roadmap.

Reforms should yield gains, says Yusuf

Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, who lent his voice to the dark side of the labour dispute, said in a statement that sensitive investments should be protected.

Yusuf enjoined the government to come up with a policy framework to prevent the unlawful shutdown of businesses in the country.

He said a policy to protect investors is a national economic imperative, adding: “Investors mobilise capital, create jobs, and generate the tax revenues that sustain government and society.

“Without them, there can be no sustained growth, no employment, and no national prosperity.

“Nigeria must, therefore, urgently institutionalise a fair, secure, and predictable business environment that protects those who take risks to create wealth.

“This is not about weakening labour unions but about balancing rights and responsibilities to foster sustainable economic growth, social stability, and national security.”

Protesters ask Tinubu to crush saboteurs

In Kaduna, Protesters under the aegis of ‘Partners for National Economic Progress (PANEP) yesterday urged President Tinubu to halt the activities of those trying to sabotage efforts to achieve local refining of petroleum products.

The protesters, who converged on the Murtala Mohammed Square before marching through major streets of the city, accused an unnamed oil cartel of frustrating and undermining local refinery initiatives, particularly the Dangote Refinery.

Chanting solidarity songs and displaying placards with inscriptions such as “Support Local Refining,” “Crush Economic Saboteurs,” and “Protect Dangote Refinery,” the protesters said Nigeria should be liberated from economic manipulation.

Their leaders, Comrade Igwe Ude-Umanta and Comrade Dahiru Umar Maishanu, said the call on the President was necessary to save Nigeria from a cartel that has thrived on importation and fuel scarcity at the expense of national development.

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

news

Tinubu Tasks NIMC on 95% NIN Coverage Before December — Gbajabiamila

Published

on

President Bola Tinubu has urged the National Identity Management Commission (NIMC) to work towards achieving 95 per cent National Identity Number (NIN) coverage by December 2026.

The President gave the directive at the State House, Abuja, while delivering the keynote address at the 2026 National Identity Day celebration organised by NIMC.

He acknowledged NIMC’s excellent work so far, noting that National Identity Number (NIN) enrolment peaked at about 142 million, up from over 80 million Nigerians captured in the National Identity Database when he assumed office more than three years ago.

President Tinubu was represented at the event by his Chief of Staff, Hon. Femi Gbajabiamila. The event had the theme: “Nigeria’s digital public ecosystem: powering Africa’s digital economy.”

It was attended by the representative of Vice President Kashim Shettima, Senator Ibrahim Hadejia; the Secretary to the Government of the Federation (SGF), Senator George Akume; the Minister of Interior, Dr Olubunmi Tunji-Ojo; and the Minister of Education, Dr Tunji Alausa, amongst others.

President Tinubu said the target should be pursued through expanded ward-level enrolment, mobile registration initiatives and continued deployment of licensed enrolment networks. Government

The President noted that his administration’s vision goes beyond NIN coverage, stating that Nigeria “must build an identity system that is continuously useful, secure and responsive to the needs of Nigerians.”

“We are laying the foundations for a future of integrated digital services, including e-health records, e-transport systems and a more harmonised national data architecture.

“We must do this while protecting the rights, privacy and dignity of our citizens. The digital state must never become a state without accountability.

“Our commitment must therefore remain clear: innovation must be matched by responsibility. Efficiency must be matched by inclusion, security must be matched by trust. And digital transformation must ultimately improve the lives of ordinary Nigerians,” President Tinubu said.

The President, who commended the Director General of NIMC, Engr Abisoye Coker-Odusote, for a job well done over the past three years, called on Nigerians who have not obtained their NIN to do so, saying their NIN represents their connection to a modern Nigerian state.

Tinubu also applauded this year’s National Identity Day theme as very important, saying “Nigeria’s digital ecosystem must power Nigeria’s digital economy–and Nigeria’s digital economy must help power Africa’s.”

The President further said National Identity remains the engine room for the government’s Renewed Hope Agenda, noting that identity transformation is contributing directly to the government’s priorities.

“The NIMC ecosystem has created opportunities for thousands of Nigerians across the country. With more than 173 private companies, 30 state governments and 14 public sector institutions approved as licensed enrolment agents, the identity ecosystem is generating employment for enrolment officers, data professionals, supervisors, technology specialists and other support personnel. This is a digital infrastructure creating real economic opportunity,” he said. NigeriaNews Subscription

Speaking on the significance of national identity to Nigeria’s national security, President Tinubu said the two are linked, describing the connection as indispensable.

“A secure identity system is indispensable to a secure nation. By strengthening identity verification and enabling responsible information sharing across relevant government institutions, we are improving our capacity to combat identity fraud, financial crimes and other threats to national security.

“The ongoing collaboration among institutions, including the Nigeria Police Force, Nigeria Immigration Service, and the Economic and Financial Crimes Commission, demonstrates what is possible when government systems work together,” President Tinubu said. GeographicReference

The Minister of Interior, Dr Olubunmi Tunji- Ojo, also praised the Director General of NIMC for delivering excellent work with little supervision, saying she has shown appreciable leadership.

He said the President expected more from her and her team, adding that Nigerians need wider, easier, and more convenient access to identity services, including for Nigerians in the diaspora.

“We need more in providing a trusted national public key infrastructure and digital public infrastructure that support secure digital identity, authentication and electronic trust services, more in including a stronger foundation for Nigeria’s digital economy, digital governance and long-term national development,” Tunji-Ojo said. GeographicReference

The Director General of NIMC, Abisoye Coker-Odusote, in her remarks, commended President Tinubu and the Minister of Interior for their support, saying it has brought about a total transformation of Nigeria’s identity and existence.

She said, “Our reach tells its own story. Enrolments have grown from less than 100 million to over 142 million Nigerians and legal residents. The engine behind that growth is the ward-to-ward Enrolment Project, undertaken directly under Mr President’s initiative. NigeriaNews Subscription

“This project carried our officers into all 8, 8,809 boards of this Federation and mobilised the National Youth Service Corps members as adult enrolment officers in connection with front-end partners in communities that had never before hosted an enrolment desk.

“Alongside it, we launched the Self- Service Notification Platform, which has already processed close to two million record updates, turning a process that once took weeks in two communities into one that takes 24 to 48 hours directly from a citizen’s phone.”

Continue Reading

news

Anambra Debt Row: Presidency Questions Obi’s Record as Governor

Published

on

The presidential candidate of the Labour Party in the 2023 general election and a leading opposition figure ahead of the 2027 presidential election, Peter Obi.
The presidential candidate of the Nigeria Democratic Congress,

The Presidency has reacted to the ongoing dispute between former Anambra State Governor and presidential candidate of the Nigeria Democratic Congress, Peter Obi, and the state government over the state’s debts and financial liabilities.

Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, in a post on X on Wednesday, said Obi had claimed to have left Anambra without debt and challenged him to follow through on his pledge to quit the presidential race if his claim was disproved.

Bayo Onanuga. US
File: Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga.
Onanuga wrote, “Peter Obi claimed he left Anambra with a clean slate of debt and even threatened to quit the presidential race if his claims were proven otherwise.”

He added that the Anambra State Government had responded with claims concerning liabilities allegedly left by the former governor’s administration.

“Now, the Anambra government has confronted him with facts and figures showing he owed Water Corporation workers, teachers, and pension and gratuities, and had also borrowed for frivolous things,” Onanuga said.

“The ball is back in his court. Will he follow through on his threat by quitting the race?” he asked.

Anambra govt disputes Obi’s ₦2.13bn ecological fund claim
The reaction followed a fresh response by the Anambra State Government to Obi’s Tuesday denial of claims that his administration left behind inherited debts, including a ₦2bn ecological fund, contractor liabilities and unpaid salaries, gratuities and pensions.

Obi had said his administration cleared more than ₦35bn in historical gratuities and arrears and left office without outstanding salary, pension or gratuity obligations.

He also disputed the government’s claim concerning the ecological fund, saying more than ₦2.13bn was left untouched in a First Bank account for the Oko/Umuchiana erosion crisis.

Soludo
File: Governor Charles Soludo of Anambra State
However, in a statement on Wednesday, Anambra State Commissioner for Information and Value Reformation, Law Mefor, disputed Obi’s account, saying the account he identified was an Internally Generated Revenue Consolidated Revenue Account and not an ecological fund account.

Mefor said the government obtained a certified printout of the account and claimed that “from 2011 when the account was opened until date, there has never been any such amount—whether as inflow or balance—in the account.”

Obi had challenged anyone who could establish that his account of the state’s finances was incorrect, saying, “If anybody can establish anything to the contrary, I will stop campaigning.”

Continue Reading

news

The Great Leap Forward: Tinubu Orders Immediate Funding for Regional Development Commissions

Published

on

President Bola Tinubu has directed the Secretary to the Government of the Federation, George Akume, to ensure the release of all funds approved for the regional commissions.

Tinubu gave the directive on Monday at the North Central Development Commission Summit, themed “The Great Leap Forward: A 20-Year Economic Infrastructure and Social Development Plan for the North Central Region.”

Akume, who represented the President at the summit, said the creation of regional development commissions was part of the administration’s Renewed Hope Agenda to accelerate development across the country.

“Government will continue to give the NCDC and other Regional Development Commissions the political and financial backing to embark on key projects that will unlock the economic and industrial potentials of the nation.

“I therefore direct the Secretary to the Government of the Federation to ensure that all funds accruable to the Commissions are released as and when due,” he said.

The President, however, said the commissions should not rely solely on government funding, urging them to explore public-private partnerships, donor funding and development financing for transformative projects.

He said the commissions were expected to focus on major projects in rail, air transportation, industrialisation, security, investment, human capital development, education and health.

Tinubu also warned the boards and management of the commissions against corruption, marginalisation, politicisation and misuse of government resources.

“Such actions will not be tolerated, and government will not hesitate to sanction anyone found culpable,” he said.

The President said the regional commissions were not established to replace or duplicate the functions of state and local governments or existing federal institutions.

He said the North Central Development Commission should support efforts to address the security challenges in the region, stressing that development could only take place in a stable environment.

Meanwhile, the Nasarawa State Governor and Chairman of the North Central Governors’ Forum, Abdullahi Sule, said the region possessed the human and natural resources needed to drive economic development.

Sule said the region had demonstrated its capacity in agriculture, mining and industrial production, stressing the need to move from the extraction of raw materials to processing and value addition.

“When you are mining in North Central, you must also process in North Central,” the governor said.

He cited the establishment of a cement factory in Kogi State as an example of how local processing could transform Nigeria’s economy.

The governor said Nasarawa State, which had more than 400 steel licences when he assumed office in 2019, previously had no processing plant despite its mineral resources.

He said the state had since become home to the country’s largest and second-largest lithium processing plants.

“The North Central is the home of Benue cement. The North Central is the home of rice production. The North Central is the home of sesame production. So we have it all. Whatever it is that we are looking for, we have it,” Sule said.

He said what the region needed was leadership capable of developing and implementing long-term plans.

“What do we need more? We need thinkers. We need implementers. We need people who understand what it means to lead,” he said.

Sule also commended the Tinubu administration’s economic reforms, saying the policies had increased revenues available to the federal, state and local governments.

“Today, we are paying salaries without borrowing money from the bank. Even if you hate him, you cannot hate his policies. Even if you disagree with him, you cannot disagree with his policies. And that is the only way we can build,” he said.

Earlier, the Chief Executive Officer of the North Central Development Commission, Cyril Tsenyil said the commission’s role was to coordinate regional development and mobilise resources and partnerships rather than replace the six state governments and the Federal Capital Territory.

He said the commission’s 20-year plan would focus on developing regional economic corridors, processing agricultural and mineral resources, improving infrastructure and creating opportunities for young people.

He said the region should aspire to become one of Africa’s most competitive agricultural regions rather than merely being known as Nigeria’s agricultural hub.

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved