Connect with us

Trending

Obasanjo exposes cabals working against Dangote Refinery

Published

on

 

Former President Olusegun Obasanjo has raised concerns about the challenges facing the $20 billion Dangote Refinery.

The elder statesman attributed the problems to some cabals within Nigeria’s oil and gas sector.

Obasanjo pointed out that these cabals are determined to hinder the refinery’s success to protect their profitable business of importing refined petrol.

In his interview with the Financial Times, Obasanjo said that the success of Aliko Dangote’s refinery could serve as a catalyst for both domestic and international investments in Nigeria.

He expressed concern that those benefiting from the current importation system might work to undermine the refinery’s progress.

Obasanjo also criticized Nigeria’s economic strategy, saying the country relies too much on oil while neglecting other vital sectors such as gas and agriculture.

“Aliko’s investment in a refinery, if it goes well, should encourage both Nigerians and non-Nigerians to invest in Nigeria.

“If those who are selling or supplying refined products for Nigeria feel that they will lose the lucrative opportunity, they will also make every effort to get him frustrated.

“I believe we made a very, very deadly mistake. We put all our eggs in one basket of oil. We even ignored gas. We were flaring gas, which is a very important commodity

“We ignored agriculture, which should have been the centrepiece of our economic development.”

This warning comes amid ongoing crude oil supply issues at the Dangote Refinery.

Despite President Bola Ahmed Tinubu’s recent directive for the Nigerian National Petroleum Company Limited to sell crude to local refineries, including Dangote, in Naira, the refinery has continued to face challenges.

Trending

Chaos As Military Officers Exchange Blows During Tinubu’s Visit To Bayelsa (Videos)

Published

on

Personnel of the Nigerian military were seen engaging in a fight during the visit of President Bola Ahmed Tinubu to Bayelsa on Friday.

In a video spotted on social media, the driver of a Hilux vehicle marked “Naval Police” was seen stepping down from his vehicle and exchanging words with another driver.

After returning to his vehicle, another driver with a rifle approached him and threw a punch at the Naval Police driver, triggering a brawl.

The incident quickly escalated into a free-for-all, with personnel attached to both vehicles exchanging blows, while stunned civilians watched in disbelief.

The cause of the altercation could not be immediately ascertained as of press time.

Continue Reading

Trending

HRH Ekwueme of Ochia Kingdom Iynched & kiIIed in Imo.

Published

on

 

Gunmen on Friday night killed the traditional ruler of Ochia, Barr Paulinus Ekwueme, alongside security operatives in the Ohaji/Egbema Local Government Area of Imo State. The attackers ambushed the monarch at the boundary of Assa and Ochia communities after he returned from a trip abroad earlier in the week.

Some security operatives in his convoy were also shot dead. Eyewitness said the monarch and the security operatives were set ablaze after the killing, adding that the Ohaji/Egbema Local Government Area had been thrown into mourning.

Hrm lives in America, but some in his town accuse him of acquiring lots of wealth coming from the oil in their land and yet they have no nepa (light) and other amenities, and that this angered the youths of his community to take this step. One said Ms Duruaku wrote, “he ate the youth empowerment meant given to him by shell oil company and ran abroad for years”


#Ekwutosblog

Continue Reading

Trending

Abuja hotel collapse: Wike orders arrest of owner, to convert land to public use

Published

on

 

The Minister of the Federal Capital Territory, Nyesom Wike, has ordered the immediate arrest of the owner of a multi-story hotel that collapsed in Jikwoyi, Abuja last Friday, April 4 and announced that the land would be seized for public use.

LIB had reported that the building crumbled while workers were on site, triggering an emergency response from relevant authorities.

Visiting the site today April 7, Wike said the building was constructed without approval from the FCT Department of Development Control and that all the stop-work notices sent to the builders were ignored by the developer.

Wike confirmed that while there were no fatalities, several people sustained injuries and were taken to the hospital. He warned that the outcome could have been far worse.

Announcing the government’s plans for the land, Wike said the FCT Administration will take over the land for public use, noting that those responsible for the illegal construction will face prosecution in accordance with the law.

He added that the local community would be consulted to determine a suitable public-purpose project for the reclaimed site.

Continue Reading

Trending