The Nigeria Youth Advocacy for Good Governance Initiative (NYAGGI) on Monday in Abuja, hailed the collaboration between Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery Limited, describing it as a milestone for national security, economic growth and development.
In a press conference in Abuja, marking a Solidarity Walk in Support of Dangote Refinery on the 16th of September 2024, signed and anchored by the the duo of Comrade Shuaibu Abdulkadir and Comrade Joseph Tsamya; President and
Secretary of NYAGGI respectively, the group commended the recent actions taken by NNPCL and the Dangote Refinery to expedite the lifting and distribution of locally refined Premium Motor Spirit (PMS) to ease the scarcity burden and queues across the country.
According to the press text, “the swift deployment of over 300 NNPCL trucks to the Dangote Refinery as announced by Mr. Olufemi Soneye, NNPCL’s Chief Corporate Communications Officer, is a promising step towards alleviating the energy crisis faced by Nigerians. The successful loading of PMS by these trucks yesterday, Sunday, September 15, 2024, is a crucial and pragmatic step in Nigeria’s journey towards energy self-sufficiency.
“This collaboration between NNPCL and Dangote Refinery marks a significant turning point for the Nigerian economy, which signals the dawn of a new era where public-private partnerships can address long-standing challenges in the petroleum sector and elsewhere. The synergy between both entities holds the potential to resolve persistent fuel scarcity, enhance fuel quality, remove pressure on our forex reserves as well as the promotion of national security and economic growth”.
The group also conveyed their heartfelt admiration for President Bola Ahmed Tinubu, GCFR and congratulated him for his visionary leadership in making this landmark collaboration a reality. They equally hailed the management and staff of Dangote Refinery Limited for their patriotism and relentless dedication towards achieving this milestone.
“As a youth group, we are impressed with Mr. President’s unwavering commitment and strategic foresight which has been central in Nigeria’s quest to achieving energy self-sufficiency and economic prosperity for all. The import of this strategic collaboration in the light of the attendant consequences occasioned by the timely and just removal of fuel subsidy cannot be over emphasized.
“We also congratulate in special way, Alhaji Aliko Dangote, President of the Dangote Group and Mr. Devakumar Edwin, Vice President of the Dangote Refinery and their entire team, whose vision, mission and extraordinary dedication has played a key role in achieving this historic milestone and initiative for the Nigerian energy sector”, the release added.
NYAGGI similarly urged the management of NNPCL and Dangote Refinery Limited to sustain this partnership and collaboration in the interest of the Nigerians economy, noting further that they are in full support of enhancing the capacity of local refineries as a way boosting the economy and meeting both domestic and international market demands.
“As NNPCL commences the lifting of refined products at the Dangote Refinery, we emphasize the importance of sustained collaboration between stakeholders to ensure seamless distribution across the country. Efficient logistics management, elimination of bureaucratic delays, and a long-term strategy for price stability are essential to guarantee that Nigerians continue to benefit from stable fuel supply which will in turn encourage further investments and advance Nigeria’s economic development.
“Our position on the support for the growth of local refining capacity remains firm. We, therefore, urge the Federal Government to continue fostering an environment conducive to private and foreign investment especially in the oil and gas sector. As the Dangote Refinery gears up for full operations, we expect the benefits of this collaboration to extend beyond fuel availability, positively impacting Nigeria’s overall economic landscape”, the release noted.
The group finally appealed to President Bola Ahmed Tinubu, GCFR to use his good office and prevail on the management of NNPCL and other agencies in the Nigerian petroleum sector to increase the supply of crude oil to Dangote Refinery while also urging importers to patronize Dangote Refinery products to grow the Nigerian economy.
“On this auspicious occasion of the solidarity walk, we want to respectfully appeal to Mr. President to direct NNPCL to increase its crude oil supply to Dangote Refinery. As it stands, the refinery requires 650,000 barrels of crude oil per day to operate at full capacity but what NNPCL is offering is a meagerly 400,000 barrels. This is abysmally poor and should be improved upon to meet the local market for refined products in the country.
“It is also our prayer that importers and Independent Marketers will prioritize Dangote Refinery products in the interest national economic development. We therefore, solicit for the support and cooperation of all players in the sector towards achieving a lasting solution to our energy crisis”, the text concluded.
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