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NNPC Ltd and challenges in the oil sector: Banire misconceives the facts, promotes biased views

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By Olufemi Soneye

 

 

In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable to blame the national oil company, the Nigerian National Petroleum Company Ltd (NNPC Ltd), for everything. Last week, it was Prof. Pat Utomi who railed and fumed at the NNPC Ltd calling it one of the most opaque and unreliable companies in the world. Before then, The Punch had published an editorial in which it described the NNPC Ltd as a danger to Nigeria. The latest of these vitriolic attacks is by Dr. Muiz Banire, a Senior Advocate of Nigeria (SAN), and former Commissioner of Transport and Environment, Lagos State, who contended in his column in The Sun that NNPC Ltd is the black hole of Nigeria.

Considering all that is going on in the petroleum sector, it would appear justifiable to call out the NNPC Ltd as some people have been doing in recent times. But most of the diatribes have been based on sentiments that are not rooted in facts. Railing at the NNPC Ltd without a thorough understanding of the issues that threw up the current challenges in the oil sector, as most of the commentators have been doing, will yield no good for the country. At this critical intersection, the task for all well-meaning Nigerians should be how to find lasting solutions to the mischiefs in the oil sector and not to look for scapegoats, as Dr. Banire has done.

According to Banire, Nigeria has been experiencing fuel scarcity since 1973 on the back of fuel subsidy and the NNPC Ltd is responsible for it. The assertion that the NNPC is responsible for this state of affairs is moot. The policy of fuel subsidy is not the preserve of the NNPC. Various administrations over the years have thought it wise to subsidize the cost of petroleum products for citizens. They came up with different methods of doing that. The role of NNPC Ltd has been to implement the policy as decided by government. At a point when the various administrations felt that the fuel subsidy policy had become a burden that should be done away with, they made it known. NNPC Ltd, as the national oil company, implemented it. This was the case in 2012 when the nation went up in protest against the decision of government to remove fuel subsidy. The same scenario repeated itself in 2019 when the then administration came up with the policy to remove fuel subsidy. NNPC Ltd is neither responsible for the policy of fuel subsidy or its removal.

It is very unfortunate that Dr Banire would descend to the level of castigating the NNPC Ltd for the fuel subsidy debacle that has plagued Nigeria and on the basis of that label the Company that has over the years patriotically borne the brunt of the fuel subsidy policy as a black hole. His analysis fails to take into consideration the huge challenges of products smuggling, pipeline vandalism, and crude oil theft that the company contends with daily, and in spite of which it manages to keep the nation going with crude oil production and fuel supply.

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Barely three months after the Federal Government announced the removal of fuel subsidy, it became difficult for both major and independent petroleum products marketers to import petrol because of the foreign exchange policy. They could not source forex to continue to bring in petrol. Since then, NNPC Ltd has been importing the product and selling at almost half price in keeping with the provisions of the Petroleum Industry Act (PIA) which designates it as the fuel supplier of last resort. Yes, there have been supply hiccups here and there because of the financial constraints imposed by the transaction. Just imagine the hardship the nation would have suffered if NNPC Ltd was not there to play the role of supplier of last resort! NNPC Ltd is the reason Nigerians continue to enjoy lower pump price for petrol than they would ordinarily pay for the product. How then does such a company become a black hole?

For Banire, NNPC Ltd is responsible for everything that is wrong in the oil sector. He even blames smuggling and the unauthorized sale of petroleum products to street urchins who in turn trade it in the black market in jerrycans on the NNPC Ltd. But does he have evidence that the unpatriotic marketers who divert petroleum products meant for local consumption to neighbouring countries are staff members or representatives of the NNPC Ltd? Does he have any shred of evidence that the boys who sell fuel in the black market in jerrycans source their products from NNPC Retail Ltd.’s stations? The least one would expect from a lawyer of Banire’s standing is a fact-based and not speculative commentary.

The NNPC Ltd has turned a corner since 2018 when it began to prepare for the enactment of the Petroleum Industry Act, which was eventually passed into law in 2021. Apart from deepening its commitment to accountability and transparency by regularly publishing its audited annual financial statements, it has become a profitable company with undisputable growth trajectory. It recorded an unprecedented N3.29 trillion profit in its recently released 2023 audited financial report. But this fact is conveniently lost on Dr. Banire who insists that he has not seen any difference between NNPC as corporation and the commercially focused NNPC Ltd that was incorporated in 2021. Fortunately, it does not take Banire to see or believe that NNPC Ltd, as presently constituted, has broken away from its debilitating past for it to be true. He is at home with the legal maxim: “Res Ipsa Loquitur”, meaning the facts speak for themselves.

While one cannot dissuade people like Dr. Banire from criticizing the NNPC Ltd, they must refrain from standing facts on their heads all because they want to be populist or be in the good books of the public. Besides, the Banires of this world should also not be intentionally mischievous in their assertion that the NNPC Limited is exercising an overbearing influence on the regulators. One expects that given the level of their educational accomplishments, they should have the capacity to research very well into the subject matters of their editorial interventions so that they do not argue, assert and progress in error(s). In the corollary, it is either Banire is mischievous or ignorant about the assertion he made in his write-up that the NNPC influences the NUPRC and the NMDPRA who are the two independent regulators. If he lacks a clear knowledge of the workings of the sector, he should be humble enough to seek clarifications so he could be well informed. NNPC Limited is an operator-with a number of refineries under its purview. The Port Harcourt refinery will soon take off. As a matter of fact, the refineries under the NNPC are operators and are therefore subject to the regulatory framework and regulations set out by the NMDPRA. The operator(s) cannot, therefore, exercise overbearing influence on the regulators. This is commonsensically impossible. Pure and simple.

Soneye, is the Chief Corporate Communications Officer of the NNPC Ltd

Opinion

APC National Convention : How DSP Barau Displays Political Sagacity, Deep Knowledge of Democracy Before President Tinubu, Others

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Senator Barau

 

By Abba Anwar

As National Convention for the ruling All Progressives Congress (APC) kickstarts at the famous Eagle Square, Abuja, in the presence of President Bola Ahmed Tinubu, all APC who is who in the country, as well as all delegates from across all the 36 states of the federation, including federal capital territory, Abuja, it was designed that the Deputy Senate President, Barau I Jibrin, CFR, would be amongst the very few, who were selected to move motions for party operations, administration and continuity, during the convention.

The motions moved by big shots like, His Excellency, the Senate President, Godswill Akpabio, GCON and the Right Honorable Speaker, House of Representatives, Tajuddeen Abbas, GCON, ranging from the dissolution of the current national leadership of the party to many other issues surrounding the administrative continuity of the party and so on and so forth.

Under this great recognition and assigned national responsibility, His Excellency Deputy Senate President, was mandated to move an all-important motion for the extension of the tenure of the Caretaker Executive Committees of the party in Ekiti and Osun states.

Our Distinguished Senator, started with the lovely self-introduction, stating and being proud of his root, with passion and feeling of greatness, he said, “My name is Barau I. Jibrin, the member of APC, in Kabo ward in Kabo local government area of Kano state.” With all sense of humility and root-first approach.

The substance of his brief motion statement, hinted to all, how deeply rooted he is in democracy and democratization process. The wordings illuminated, to many, his clear and valued understanding of the ruling party, the APC and its organizational capability within the context of party continuity, at all levels.

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He said, “My motion is as follows : I move this motion of urgent administrative and organizational necessity, concerning the leadership structure of our party in Ekiti and Osun states.

The party now operates through duly constituted Caretaker Executive Committees, at the wards, local governments and state levels, in both Ekiti and Osun states. The tenure of the Committees are due to expire at the end of March, 2026.”

“The Caretaker Committees are within the period of their mandate of maintaining party structure, ensuring operational continuity and stabilizing party affairs in the affected states,” he highlighted.

To tell you that, our dear DSP fully understands the workings and demands of politics and political operations, he stated reasons, as to why the call for the extension of the tenure of the caretaker committees became necessary, he clarified that, “Ongoing development in Ekiti and Osun states, particularly the heightened and tensed environment for the forthcoming gubernatorial elections have created conditions that are presently not conducive for the peaceful and orderly conduct of the wards, local governments and state congresses in the affected states.”

He further maintained the grip of the political realities in those states when he highlighted that, “It is expedient in the overall interest of the party to extend the tenure of the caretaker committees to allow for proper coordination, consolidation and preparation for the conduct of the congresses.”

He cited the provision of the APC Constitution, Article 13(1), which gives that mandate and power for the action.

His motion(s) was four-in-one, unlike other motions moved by other movers. This could be seen when he said, “I hereby move that, this National Convention (i) approve the extension of the tenure of the Caretaker Executive Committees of wards, local governments and states in Ekiti and Osun states, (ii) the said extension shall be for the period of 6 months, commencing from the expiration of their current tenure at the end of the March, 2026, uptill the end of September, 2026, (iii) mandate the relevant organs of the party to utilize the period of their extension to conclude all necessary arrangements for the conduct of wards, local governments and state congresses and (iv) enjoy all members of the party to cooperate with the caretaker committees. This motion is moved in the interest of party unity, administrative continuity and orderly conduct of party process.”

Being one of the critical stakeholders of the ruling party in the country, DSP’s national outings are waxing stronger day in day out. The composure, dexterity and depth in his speech, say a lot as a Distinguished Senator, who believes in democracy and democratic principles. The speech was with all vigor and substance of deeper understanding of party politics.

Kudos to His Excellency, the Deputy Senate President, our pride our focus!

Anwar writes from Kano
Friday, 27th March, 2026

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Opinion

OPINION: Examining the Sanity of Saner Climes

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By: Amir Abdulazeez

Several decades into the global modern era, Africans, Asians and Latin Americans are continued to be held hostage by their colonially indoctrinated inferior mindsets engineered by the blackmail and mythology of western moral supremacy. This error is not in observing western virtues; many of which are real. The error is in the uncritical veneration that renders their vices invisible and their judgements unchallengeable. It is evident from the events of the last three decades alone, that the so-called saner climes of Western Europe and North America are the primary architects of global chaos and instability of nations, all in the name of injecting sanity into ‘less sane’ societies.

The ongoing US-Israel war on Iran, launched in the midst of Ramadan is a typical doctrine of the saner climes, exhibited in its most naked form. Iran’s Foreign Minister had three days before the war declared that a nuclear agreement was ‘within reach’, after a third round of indirect talks had taken place in Geneva. The IAEA itself confirmed there was no evidence of a structured Iranian nuclear weapons programme at the time of the attack. Yet, the surprise assault assassinated Supreme Leader Ali Khamenei, killed his family members and damaged schools, hospitals and even UNESCO-recognized cultural heritage sites. This is a typical catalogue of barbaric war crimes for which the West has condemned others across generations.

The Donald Trump administration whose seemingly rude, dishonest and arrogant officials, has offered a menu of rationalizations and a handful conflicting justifications for the war. However, when Amnesty International confirmed that the United States was responsible for a strike that killed at least 160 primary school girls, the US officials chose more arrogance through denials instead of remorse. In fact, the Head of the Federal Communications Commission simultaneously intimidated his own press, threatening the withdrawal of broadcast licenses of American news outlets whose war coverage he deemed unfavourable. Another trademark saner-climes mythology, muzzled in a way only a few non-saner climes can imagine.

Meanwhile, in all these, it is the ‘lunatic’ Iran that is supposed to apologize and do nothing while it is been attacked. The Iranian Regime, branded autocrats on the premise that it compels women to cover their hairs in public are being lectured by leaders of societies whose women go out naked in the name of civilization and whose governments topple, kill and abduct Heads of States of other countries for recklessly greedy reasons. Now imagine if the erratically behaving Donald Trump was the leader of any African Country, the West would’ve since declared him incoherent and unstable to deal with or labelled his citizens stupid for voting him. Worse still, imagine if the Epstein scandal happened in Asia or Latin America. All these contradictions reveal with crystal clarity that Western principles are instruments of convenience.

To understand the foundations to all these, let us revisit some history. Britain’s Industrial Revolution was fertilised by the profits of the transatlantic slave trade and the systematic plunder of India, a country whose share of global GDP fell from about 25% at the onset of colonial rule to barely 4% at independence. France financed much of its republican grandeur on the forced labour of West Africa and the Caribbean. Belgium’s King Leopold II transformed the Congo into a private abattoir, severing the hands of Africans who failed to meet rubber quotas, leaving behind a traumatized country that still bleeds today. To speak of the sanity of these climes without acknowledging that they were partly built from organised insanity inflicted elsewhere is to ignore the background to what we are witnessing today.

In the last fifty years alone, the so-called saner climes have unleashed a level of violence and destabilisation that would shame any regime they have ever deemed fit to condemn. The United States, the self-acclaimed sentinel of the free world, has engineered irrational regime changes in Chile (1973), Iran (1953 and subsequently), Guatemala (1954), Nicaragua, Panama, Libya, Iraq, Afghanistan and Syria, among others. The 1973 CIA-backed coup against a democratically elected socialist president of Chile Salvador Allende, installed Augusto Pinochet, under whose reign thousands were tortured, disappeared, or executed. Henry Kissinger, the American architect of that atrocity, received the Nobel Peace Prize from his fellow saner clime comrades. The French Government, through its notorious Françafrique policy, maintained a neocolonial empire across West and Central Africa long after the 1960s, propping up murderous dictators and conducting military interventions to protect economic interests, with a consistency that made a mockery of every democratic principle France professed to uphold.

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The invasion of Iraq in 2003 by Western Governments is perhaps the most consequential act of manufactured catastrophe of the modern era. The war resulted in the deaths of an estimated 200,000 to one million Iraqi civilians, the obliteration of the country’s infrastructure, the rise of ISIS from the ashes of a disbanded Iraqi army and the triggering of a refugee crisis that continues to destabilise the Middle East. No one was held accountable. George W. Bush and Tony Blair are living happy lives in their saner countries. The International Criminal Court, which has indicted multiple African heads of state on much lesser crimes with considerable alacrity, found no jurisdiction to examine any of them. Meanwhile, the people of Iraq, Syria and Libya who were dismantled in the name of liberation still live in the ruins and pains of what the saner climes call democracy.

While the West was busy bombing the Middle East, Africa, the so-called backward continent, was largely attending to its own affairs of conflict resolution with a remarkable degree of maturity. The African Union mediated crises in Burundi, the Gambia and Lesotho without firing a single bullet. ECOWAS brokered peace agreements in Sierra Leone and Liberia, deployed peacekeeping forces with genuine multilateral mandates without the casual trigger-happiness of Western powers.

Western attitude towards violence is shamelessly selective. When Russia invaded Ukraine in 2022, the Saner Clime’s response was swift, comprehensive and morally unambiguous: sanctions, weapons, diplomatic isolation and a media chorus of civilizational solidarity. This response was appropriate anyway. But the problem is its stark contrast with the Western posture toward other invasions. When Saudi Arabia launched its war on Yemen in 2015, the United States and the United Kingdom did not merely decline to intervene; they allegedly supplied the bombs, refuelled the warplanes and provided intelligence for strikes that killed thousands of Yemeni civilians and engineered one of the worst humanitarian crises on earth.

Many argue that the actions of Western Governments isn’t a true reflection of what their citizens stand for. This is debatable especially when one examines certain incidences. During the Obama presidency, Edward Snowden revealed that the US National Security Agency was conducting mass, warrantless surveillance of American citizens and foreign governments, including the personal telephone of former German Chancellor Angela Merkel in flagrant violation of constitutional protections and international diplomatic norms. The response was not accountability but exile for Snowden and a classification of his revelations as treason. The United States, has the largest prison population on earth both in absolute numbers and per capita administered under a system in which Black Americans are incarcerated at five times the rate of their white counterparts, in conditions that the United Nations has described as cruel. Since 1968, gun violence has claimed more American lives than all of America’s foreign wars combined. One can certainlybe inclined to believe that these are controversies that ordinary western citizens may not approve of.

Climate change is another damning indictment of Western moral authority in the twenty-first century. The Industrial activities enriching Europe and North America still depends on burning carbon at a scale the planet had never experienced. The United States, historically the world’s largest cumulative emitter of greenhouse gases, withdrew from the Paris Climate Agreement under Donald Trump. Australia, another clime reputed to be considerably saner than most, has built its prosperity on coal exports and resisted meaningful emissions reduction. Some Pacific Island nations face sea submersions within this century as a consequence of decisions made in saner capitals. When these nations’ leaders speak at the United Nations with tears in their voices, the saner climes offer symbolic but empty sympathy before later returning to preserving their industrial prerogatives.

The Western Media’s tactical twisting of narratives regarding other climes is another issue. For example, CNN may not run primetime documentaries on the Swiss banking system’s complicity in laundering the proceeds of African kleptocracy, but will rather concentrate on the primary kleptocrats. The BBC does not lead with investigations into the role of British arms dealers in sustaining African conflicts. The New York Times does not dedicate its front page to the tax avoidance schemes through which Western corporations drain billions of dollars annually from African economies (more than the continent receives in foreign aid).

Beside all these, there is something more worrisome. The bulk of support received by these saner climes come from their victims in the third world. In Nigeria for instance, the blind sympathy for religious affiliations drives people to support the brazen oppression and cruel injustices perpetrated by the West. Our solidarities should be among ourselves, not with those who see and treat us as worthless humans and more like animals because of their superior moral hypocrisy. Additionally, our bootlicking governments who are considered close to valueless in the International arena or even insane just like us, must stop intimidating its own citizens who decide to speak up against western double standards. Let’s remember, the phrase “saner climes” is a moral verdict and a devastating condemnation of everywhere else expect Europe and North America. Africans and all peoples of the marginalised world are owed the intellectual inheritance of critical discernment.

The world does not need more or fewer saner climes; it needs a more honest accounting of what sanity actually requires. It requires consistency: the same rules applied to the powerful and the powerless alike. It requires humility: the acknowledgement that no civilisation holds a monopoly on wisdom. And it requires accountability: not the selective justice of indicting the weak and glorifying the mighty, but the universal application of standards that do not bend in the presence of a Security Council veto or the impulse of a self-serving Super power. Until that accounting arrives, the presumption of Western moral authority deserves not deference, but fearless interrogation; the kind that the so-called saner climes have always claimed to celebrate and so rarely been prepared to receive.

23-03-2026

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Opinion

DSP Barau on Global Peace, Nigeria’s Insecurity : A Focused Leadership

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By Abba Anwar

Disturbed by the global price shocks caused by US/Israel-Iran War and the lingering insecurity plaguing our dear nation, the Deputy Senate President, Distinguished Senator Barau Jibrin, CFR, called for consistent prayers for the intervention of The Creator, The Almighty Allah.

It was his major urge for peaceful coexistence in the country, after consistent contributions to the security agencies in the last couple of years, as reflected in his special Eid-el-Fitr message after the completion of the Ramadhan Fasting period.

Part of the statement issued by his Special Adviser, Media and Publicity, Ismail Mudassir, reads, “The Deputy President of the Senate, Senator Barau I. Jibrin, has rejoiced with Muslims in the country on the successful completion of the Ramadan Fast, urging all to sustain prayers for global peace.”

Not only that, DSP Barau, as one of the leading principal officers of the National Assembly, alongside his distinguished senator colleagues, is doing everything possible to restore peace in the land. Sustained peace and tranquility, free from ethnic, political, sectional, or religious crises. His mission is peace, and peace is at the forefront.

His physical contributions to security agencies in his constituency, Kano North and the state in general, are testimonies to his commitment towards everlasting peace and tranquility. Is just like what I always say, not all security interventions need public attention. Because of their nature of high level of secrecy and confidentiality.

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Just recently the Deputy Senate President was involved in many regional and global engagements, with the view to promoting regional and global security through the formulation and implementation of viable economic integration and environment-friendly societies. Across nations of the Economic Community for West African States (ECOWAS), up to the platform under Commonwealth of Nations. He has been visible recently under these fora.

Understanding the fact that, legislation is not enough for bringing peace to the society, he uses his wealth of experience and political maturity, to strengthen an effort, however little, in my own estimation, of the Executive arm, by encouraging the President towards that angle, as the release says, the DSP “Commends Tinubu’s relentless efforts to stabilise Nigeria’s economy, tackle insecurity.”

Commending that, “President Tinubu has been up and doing in the fight against insurgency and banditry in the country. And we must all continue to accord him all the support needed to achieve this.” Further stressing optimism that, “President Tinubu’s directive for Security Chiefs to relocate to Maiduguri, following recent terrorists attacks, would help flush out the criminal elements.”

To add spiritual weight and touch to the entire process, he “… prayed to Allah SWT to accept the supplications, prayers, and good deeds of the Ummah during the blessed Month of Ramadhan.” Urging the, “… the Muslim Ummah to sustain the lessons of the Holy Month and to always reflect them in their daily activities, as enjoined by Prophet Muhammad, Peace Be Upon Him.”

Distinguished Jibrin’s humility and being humane, places him some inch above others. So also his hopeful attachment to the Will of our Creator. Hear him, “Glory be to Allah SWT for the successful completion of this year’s Ramadan, 1447AH. I wish to rejoice with fellow Muslims across the country. This is a period of joy and happiness, as well as a time to show appreciation to Almighty Allah.”

His love for peace and the dire need to spread peace, as against acrimonious relationship, he stresses that, “Let’s spread love and help people in need during and after the festive period.”

Anwar writes from Kano
Sunday, 22nd March, 2026

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