This article argues that the current Nigerian government's actions resemble those of pirates who plunder resources and destroy the vessel they are looting. The author criticizes the NNPC Limited for its role in Nigeria's economic decline, highlighting issues such as fuel shortages and unfulfilled promises to repair refineries. It ultimately posits that the true problem lies within the Nigerian state itself, with presidents overseeing massive oil theft and leading the country towards collapse.
NNPCL , oil theft and the collapse of the Nigerian rentier state , By Jibrin IbrahimIreti Kingibe’s claims on first-year constituency projects in FCT had more flaws than factsAll Roar and No Bite: Exposing Nigeria’s Paper Tiger Election Laws NNPCL , oil theft and the collapse of the Nigerian rentier state , By Jibrin IbrahimThe Nigerian government is behaving like pirates who are raiding a ship, taking all the valuables on it, and then sinking the ship as they return to their departure ship.
With oil theft and illegal bunkering taking as much as 400,000 barrels per day of the country’s oil production and wasting more than that in polluting the environment, we have been losing, by some estimates, as much as $1.2 billion every month. I repeat that no one has been punished in the last thirty years for these crimes, so it is all State sanctioned.
For decades, international oil companies have been de-investing in Nigeria. They are selling their assets and running away. No one is investing. I remember Tony Elumelu’s press conference when he took loans and bought an oil well, only to discover that almost the total production is stolen regularly.
NNPCL Oil Theft Nigerian State Rentier State Economic Collapse
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigerian Navy establishes new base to tackle oil theft in OndoThe Nigerian Navy explained that the establishment of the base was necessary due to its proximity to oil fields in Ondo State.
Read more »
Nigerian Navy nabs 8 for alleged crude oil theft, crushes illegal refineriesThe Nigerian Navy has made significant strides in combating crude oil theft and maritime crimes in the Niger Delta region.
Read more »
CNPP Accuses NNPCL Of Sabotaging Nigerian Economy With Interference In Locally Refined Petrol DistributionThe Conference of Nigeria Political Parties (CNPP) has condemned the Nigerian National Petroleum Company Limited (NNPCL)'s interference in the distribution of locally refined petroleum products, calling it a form of national economic sabotage. The CNPP urges NNPCL to cease its meddling and allow refineries like Dangote Refinery to operate freely, ensuring competitive pricing and supply.
Read more »
Dump Port Harcourt Refinery for Dangote oil firm – Minister Lokpobiri tells NNPCLThe Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has advised the Nigerian National Petroleum Company Limited (NNPCL) to discontinue the operation of the Port Harcourt, Kaduna, and Warri refineries. This announcement came as Lokpobiri urged the NNPCL to acquire a larger equity stake in Dangote Refinery.
Read more »
Nigerian minister Lokpobiri denies directing NNPCL to dump Port Harcourt RefineryMinister of State Petroleum Resources (Oil), Sen. Heineken Lokpobiri, has denied directing the Nigerian National Petroleum Company Limited, NNPCL, to dump the Port Harcourt Refinery and other state-owned refineries for the Dangote Refinery. Lokpobiri made this clarification in a statement on Tuesday.
Read more »
Nigerian Govt will not intervene in NNPCL, Dangote petrol price face-offThe Federal Government has washed its hands off the petrol pump pricing face-off between the Nigeria National Petroleum Company Limited, NNPCL, and Dangote Refinery. The Federal Government said the two parties are at liberty to determine their own market prices for consumers.
Read more »