• Home
  • About Us
  • Contact Us
Wednesday, June 25, 2025
Star Lite News
  • Home
  • News
    • All
    • Business
    Suspension

    Benue Governor Alia Suspends Chief Press Secretary Indefinitely

    EFCC

    EFCC Declares MD Of Fargo Oil Firm Wanted Over N976million Fraud

    EFCC-SunTrust SunTrust Bank Ltd.

    EFCC Arraigns Sun Trust Bank CEO, Executive Director, Halima Buba and Innocent Mbagwu Over ‘$12m Money Laundering’

    Olubunmi Tunji-Ojo-Public Holiday

    FG Declares Two Days Public Holiday For Sallah

    WAEC Candidate

    Tragedy in Ibadan: WAEC Candidate Killed by Stray Bullet During Police Chase

    Olubunmi Tunji-Ojo-Public Holiday

    FG Declares Public Holiday

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

    Netflix

    Netflix Investments Give Life To Nollywood Projects

    BBNaija

    STREEZE become the third pair of housemates to be evicted from season 9 of the #BBNaija show

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    Suspension

    Benue Governor Alia Suspends Chief Press Secretary Indefinitely

    EFCC

    EFCC Declares MD Of Fargo Oil Firm Wanted Over N976million Fraud

    EFCC-SunTrust SunTrust Bank Ltd.

    EFCC Arraigns Sun Trust Bank CEO, Executive Director, Halima Buba and Innocent Mbagwu Over ‘$12m Money Laundering’

    Olubunmi Tunji-Ojo-Public Holiday

    FG Declares Two Days Public Holiday For Sallah

    WAEC Candidate

    Tragedy in Ibadan: WAEC Candidate Killed by Stray Bullet During Police Chase

    Olubunmi Tunji-Ojo-Public Holiday

    FG Declares Public Holiday

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

    Netflix

    Netflix Investments Give Life To Nollywood Projects

    BBNaija

    STREEZE become the third pair of housemates to be evicted from season 9 of the #BBNaija show

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
Star Lite News
No Result
View All Result
Home Business

NBA says domestic refining will address fuel scarcity, queue

… Urges President Tinubu to implement directive on crude supply to Dangote refinery, others

starliteadmin by starliteadmin
August 21, 2024
in Business
0
Dangote Refinery
0
SHARES
0
VIEWS
Share on FacebookShare on WhatsAppShare on Twitter

The Nigerian Bar Association (NBA) has called for the full implementation of the directive of President Bola Ahmed Tinubu on the supply of crude to Dangote refinery and modular refineries in the country.

Describing the establishment of the refinery as both nationalistic and patriotic endeavour, the umbrella professional association of lawyers, urged the Federal Government and Nigerians to support the Dangote Petroleum Refinery to end the reign of fuel scarcity and perennial queues at filling stations in the country.

It expressed disappointment that the major project is encountering strong resistance from fuel importers, who have stifled the economy and kept it reliant on imported refined petroleum products, despite Nigeria’s status as a leading crude oil producer.

The President of NBA, Yakubu Maikyau, who led other leaders and members of the association on a visit to the facility, praised the President/Chief Executive of the Dangote Group, Aliko Dangote, for remaining steadfast despite the opposition faced.

“What I have seen today gladdens my heart, but at the same time, my heart is bleeding because of the neglect and opposition that such a laudable effort is facing. It is shameful, but as I mentioned to the President of the group, his continued steadfastness and resilience despite the opposition show that there is hope for this country. I would describe Aliko Dangote as both a freedom fighter and an economic warrior. There is no one more honourable or patriotic than Dangote. He has proven this through his actions, not just words. This isn’t about what someone might tell you; we have witnessed the enormous investments he has made in this country,” he said.

He urged the Federal Government to create a supportive environment for the refinery, aiming to transform Nigeria into a net exporter of refined petroleum products and to alleviate the severe hardships caused by fuel scarcity. He lamented that it is shameful for the refinery to import crude from abroad and export refined products due to opposition from local players

“I want to use this opportunity to call on the Federal Government to pay deliberate and conscious attention to what Dangote is doing. Anyone serious about turning around the fortunes of this country cannot ignore Dangote’s efforts. This is a people-centered investment that must be supported. This is the type of investment we need, and wherever such investments exist in this country, we urge the government to create an enabling environment for the benefit of the people. If we establish a supportive environment for this refinery to operate, we will eliminate the queues on our streets and resolve the difficulties associated with the scarcity of petroleum products. However, we will need the government to demonstrate a willingness to support this crucial venture. We have a facility here that can compete with the best in the world, but unfortunately, it is not receiving the support and recognition it deserves. It is disgraceful that with a refinery of this capacity, where 86 tankers can be loaded at once, we still face fuel shortages,” he added.

L-R: Vice President, Oil & Gas, Dangote Industries Limited, Devakumar Edwin; President, Nigerian Bar Association (NBA), Yakubu Maikyau; and President/CE, Dangote Industries Limited, Aliko Dangote during the delegates from the Nigerian Bar Association (NBA) visit to Dangote Petroleum Refinery and Fertiliser in Lagos, on Wednesday, August 21, 2024
 

L-R: Chairman, Nigerian Bar Association (NBA) Section Legal Practice, Boma Alabi, OON, SAN; President/CE, Dangote Industries Limited, Aliko Dangote; President, Nigerian Bar Association (NBA), Yakubu Maikyau; Vice President, Oil & Gas, Dangote Industries Limited, Devakumar Edwin; and Group Executive Director, Commercial Operations, Dangote Industries Limited, Fatima Aliko Dangote during the delegates from the Nigerian Bar Association (NBA) visit to Dangote Petroleum Refinery and Fertiliser in Lagos, on Wednesday, August 21, 2024

Vice Chairman of the Epe Branch of the NBA, Ivo Takor, who praised the location of the refinery in the Ibeju-Lekki-Epe axis, said that the project has the potential to resolve the long-standing issue of fuel importation, create jobs, boost foreign exchange, and save the country money currently spent on subsidising petroleum products.

“The refinery is something every Nigerian should be proud of. It is a project that will move Nigeria away from its long-standing issue of fuel importation, which comes with its own set of problems. Currently, we are dealing with fuel scarcity and long queues. I believe that once this refinery is fully operational, these challenges will be resolved. Additionally, the refinery has the capacity to export some of its products, bringing foreign exchange into the economy. It will also reduce the government’s expenditure on subsidies, allowing funds to be redirected towards improving infrastructure, education, and the health sector. Since its construction, many jobs have been created, and further job creation will follow when it becomes fully operational,” he said.

He, however, noted that despite these benefits, there are some entrenched cartels against the full operation of the refinery. While praising President Bola Tinubu for directing the supply of crude to both the refinery and modular refineries across the country, he emphasised the need for stringent monitoring to ensure compliance. He stressed that withholding crude from the refinery constitutes sabotage against the nation and should be met with appropriate sanctions.

“Unfortunately, it appears that there is a well-established cartel working against the full operation of this refinery, specifically those who do not want to supply it with crude oil. It is illogical for Nigeria to export crude oil while the refinery also imports crude. This situation reflects the interests of entrenched forces who benefit from fuel importation, which negatively impacts the people and the economy. Fortunately, the president has issued a directive regarding the supply of crude to the refinery. However, beyond this directive, it is crucial to ensure compliance. Those who do not comply should face adequate sanctions, as failure to do so constitutes sabotage not only against the refinery but against the economy as well,” he said.

 

L-R: Group Executive Director, Commercial Operations, Dangote Industries Limited, Fatima Aliko Dangote; President/CE, Dangote Industries Limited, Aliko Dangote; President, Nigerian Bar Association (NBA), Yakubu Maikyau; and Vice President, Oil & Gas, Dangote Industries Limited, Devakumar Edwin, during the delegates from the Nigerian Bar Association (NBA) visit to Dangote Petroleum Refinery and Fertiliser in Lagos, on Wednesday, August 21, 2024
 

L-R: Chairman of Nigerian Bar Association (NBA) Section on Business Law, Dr. Adeoye Adefulu Group Executive Director, Commercial Operations, Dangote Industries Limited, Fatima Aliko Dangote; President/CE, Dangote Industries Limited, Aliko Dangote; President, Nigerian Bar Association (NBA), Yakubu Maikyau; and Vice President, Oil & Gas, Dangote Industries Limited, Devakumar Edwin, during the delegates from the Nigerian Bar Association (NBA) visit to Dangote Petroleum Refinery and Fertiliser in Lagos, on Wednesday, August 21, 2024

The Vice President (Oil & Gas) at Dangote Industries Limited, Devakumar Edwin, informed the delegates, that the refinery was established primarily to source and refine local crudes for the benefit of Nigeria, while also exporting excess production to boost the economy.
Edwin noted that the lack of sufficient Nigerian crude supplies has necessitated importing crude from other countries and continents while exporting refined petroleum products abroad.

Tags: Aliko DangoteDangote Petroleum RefineryDevakumar EdwinIvo TakorNBANigerian Bar AssociationPresident Bola Ahmed TinubuPresident of NBAPresident/Chief Executive of the Dangote GroupStarlitenewsVice Chairman of the Epe Branch of the NBAVice President (Oil & Gas) at Dangote Industries LimitedYakubu Maikyau
Previous Post

Unity Bank Champions Digital Literacy and Innovation for Youth Empowerment 

Next Post

NGX rates Fidelity Bank highest on corporate governance

starliteadmin

starliteadmin

Related Posts

Dangote Cement

Dangote Cement Ibese trains Host Community leaders for optimal performance

by starliteadmin
June 24, 2025
0

As part of its commitment to strengthening local content and community engagement, Dangote Cement Plc., Ibese Plant, has held its...

Dangote Cement

2024: Dangote pays N502.6 billion to Cement Shareholders as Dividends

by starliteadmin
June 23, 2025
0

Shareholders of Dangote Cement on Monday were full of praise for the Board, Management, and staff of the company after...

Visa Centres

FG seals-off visa centres of 3 countries in Abuja for alleged obstruction of investigation

by starliteadmin
June 20, 2025
0

The federal government, through the Federal Competition and Consumer Protection Commission (FCCPC), has sealed-off France, Belgium and Italy visa centres...

Zenith Bank Plc

ZENITH BANK ASSURES INVESTORS ON EXIT FROM CBN’S REGULATORY FORBEARANCE BY 30TH JUNE, RESTATES COMMITMENT TO CONTINUED DIVIDEND PAYMENT

by starliteadmin
June 19, 2025
0

Zenith Bank Plc, Nigeria’s biggest bank by Tier-1 Capital, has assured shareholders and investors of its readiness to satisfy all...

Dangote

Dangote Refinery an Industrial Revolution, Liberating Nigeria – C’tee on Domestic Crude Oil Sales

by starliteadmin
June 18, 2025
0

The $20 billion Dangote Petroleum Refinery & Petrochemicals has been hailed as a symbol of industrial revolution, driving Nigeria’s economic...

Dangote Petroleum Refinery

Dangote Refinery offers transport-free deliveries of PMS, Diesel. Aviation fuel to all marketers, petrol dealers

by starliteadmin
June 17, 2025
0

A recent initiative by the Dangote Petroleum Refinery, which includes the distribution of Premium Motor Spirit (PMS) and diesel to...

Next Post
Fidelity Bank

NGX rates Fidelity Bank highest on corporate governance

Leave a Reply Cancel reply

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

Popular Posts

  • Tinubu and Timothy

    Prince Chukwudi Timothy Appeals For Dialogue Instead Of Nationwide Protest

    0 shares
    Share 0 Tweet 0
  • Peter Obi says victory of Christ the King College at World Affairs Challenge heartwarming

    0 shares
    Share 0 Tweet 0
  • Family reveals Ifeanyi Ubah’s burial date

    0 shares
    Share 0 Tweet 0
  • ACEACRES24: Akmodel MD Makes Presentations At The 2Days Event (Photos)

    0 shares
    Share 0 Tweet 0
  • Legends of Nollywood Financial Summit Is Here, Meet The Speakers: Apostle Anselm Madubuko, Mrs. Bukola Agbaminoja, Pst. Moji Bakare Asieru-sweet, Others

    0 shares
    Share 0 Tweet 0

Recent Posts

  • Fidelity Bank Partners with Ashoka to Empower Young Innovators
  • World Environment Day: Stakeholders at Unity Bank Webinar Demand Urgent Action on Plastic Pollution
  • Dangote Cement Ibese trains Host Community leaders for optimal performance
  • 2024: Dangote pays N502.6 billion to Cement Shareholders as Dividends
  • EFCC Arrests Benue Governor’s Aide for Alleged Sextortion and Cyberbullying of Female Students
Starlite news icon

Browse by Category

Archives

  • Home
  • About Us
  • Contact Us

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Contact Us
  • About Us
  • Business
  • Politics
  • World
  • Entertainment
  • Lifestyle

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

  • https://starlitenews.com.ng/2024/05/22/achat-bupropion-en-ligne/
  • https://starlitenews.com.ng/2024/06/26/akmodel-group-md-bldr-dr-abdulhakeem-odegade-felicitates-with-gov-sanwo-olu-at-59/
  • https://starlitenews.com.ng/2024/11/10/dangote-named-most-tax-compliaint-business-organizations-by-firs/
  • https://starlitenews.com.ng/2024/04/07/14-year-old-girl-slumps-dies-after-lodging-with-boyfriend-in-hotel/
  • https://starlitenews.com.ng/2024/11/30/aceacres24-akmodel-md-makes-presentations-at-the-2days-event-photos/