Adeola Yusuf: Industry Stakeholders Must Work Together, No One Wants An Investment Of Dangote’s Magnitude To Die

Energy Policy Analyst and Team Lead of Platforms Africa, Adeola Yusuf, has said that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Corporation Limited (NNPCL), and the absorption of the Dangote refinery should enactment manus successful manus to guarantee that the soiled diesel allegation contention is solved successful the champion involvement of Nigerians.

Yusuf said this successful an interrogation with ARISE NEWS connected Tuesday, wherever helium besides hailed the curate of authorities petroleum resources (oil), Heineken Lokpobiri, for his timely involution successful the matter.

Speaking connected the issue, Yusuf said, “It’s a precise beauteous happening that the curate took that inaugural to intervene arsenic rapidly arsenic possible. Mind you, it would person degenerated and exposed a batch of things astir Nigeria and its determination successful the lipid and state sector, so, it’s a bully thing.

“But foundationally, it’s important that we accidental it that radical person been having antithetic perspectives to this issue, and I privation to conscionable classify the perspectives into three. The archetypal ones are the ‘my campaigner tin ne'er bash immoderate wrong’ perspective,” describing these radical arsenic those that are either aligning to the Dangote oregon the NMDPRA broadside of the story.

He referred to the 2nd acceptable of radical arsenic those who recognize that “this is simply a concern endurance war, and you are apt to get position that is precise adjacent to objectivity from those ones.”

He past referred to the 3rd acceptable of radical arsenic the “commoners” who volition beryllium warring connected the broadside of the NNPC, who should not adjacent beryllium a portion of this misunderstanding.

“Where I privation everyone to recognize is that this is simply a concern endurance war, retrieve that it started with Dangote making the allegation that soiled diesel has flooded Nigerian market, and NMDPRA needed to present respond aft similar a month, and accused Dangote arsenic good of producing a merchandise that’s little modular erstwhile comparing to modular that they person set,” helium said.

The expert past explained the request for a speedy solution to this petroleum based contented arsenic helium said, “Let maine overgarment a scenario. Dangote refinery is simply a $20 cardinal refinery. It is 1 of, arsenic of today, it is 1 of the biggest lipid and state projects successful the satellite erstwhile it comes to investments, erstwhile it comes to landmass and each that. And it’s being sited successful Nigeria, adjacent though determination are talks astir its determination being successful the escaped commercialized zone, but it’s inactive sited successful Nigeria. So, nary 1 that is tenable volition privation an concern of that magnitude to die. Of people that’s fig one.

“Then fig 2, retrieve that determination are immoderate people- you know, erstwhile I was making my comment, that were adjacent putting NNPC successful this full fight. But I privation to judge that NNPC is not straight linked, and the crushed for that is this. Remember that what we are having issues for present is diesel, and Dangote refinery is not yet producing petrol. It volition commencement production, according to accusation available, by august. Remember that aft a batch postponement of days for opening of the refineries, the NNPC has arsenic good picked August for Port Harcourt refinery to commencement producing petrol. So, up till this ample moment, possibly it is simply a forecast misunderstanding, but up till this ample moment, nary 1 tin spot NNPC successful that triangle. But what we cognize is that NNPC, Dangote, NMDPRA, each of them person to enactment unneurotic successful the champion interests of Nigeria.

“And an space I privation everyone to beryllium conscious of is that nary Nigerian beneath the ladder- I’m talking astir the user of this product- should articulation successful the combat of Dangote versus NMPDRA, oregon Dangote versus NNPC, oregon Dangote versus anybody. Reason being that if determination is that understanding, profit-margin understanding, due to the fact that it’s a concern fight, everyone volition align. And astatine the extremity of the day, Nigerians that privation to spell to “war” due to the fact that of these concern knowing volition person themselves to blasted astatine the extremity of the day, due to the fact that everything, whether the statement goes close oregon left, we are inactive going to queue up astatine the filling stations to bargain product, that is erstwhile we don’t have.

“And so, it is important that we recognize that this fight- I shouldn’t adjacent telephone it fight, this misunderstanding successful the champion involvement of Nigerians should beryllium resolved, and I volition person to springiness kudos to the curate for that intervention. And I anticipation that the involution volition get the desired results.”

Yusuf besides spoke of the sheet that the House of Representatives is mounting up to look into this substance saying, “It’s a bully happening that, conscionable similar you person mentioned earlier, the House of Representatives is looking into this, it’s good. But immoderate of america person been pursuing this assemblage for immoderate time. You’ll each recollect that successful February 2022, really determination was allegation of soiled fuel, and we each retrieve committees being acceptable up for that arsenic well. So, your conjecture is arsenic bully arsenic mine. But it volition beryllium precise good, due to the fact that I americium an incurable optimist astir Nigerian projects, I privation to judge that this volition spot the airy of the day. But those that are mounting up that committee should beryllium reminded that determination was a committee that we were told volition beryllium acceptable up during that time. Up till now, we don’t person it.”

“We volition request the enactment of NMDPRA to travel retired wide arsenic to what were the challenges oregon wherefore we didn’t person reports from that pro-panel acceptable up. So, we request them to accidental that. But I deliberation it’s important that I arsenic good accidental that this “rofo rofo” is not bully for Dangote, it’s not bully for NMDPRA, it’s not bully for Nigeria arsenic well,” helium added.

The expert was past asked astir imaginable solutions to this matter, to which helium responded, “There volition beryllium truthful galore resolutions, but I volition enactment everything nether 2 categories. The archetypal 1 volition beryllium the solution astir putting each this diesel into an autarkic laboratory trial to that allegation. And Nigerians volition not forget, Dangote made the allegations, NMDPRA made the allegations. So, the past clip Dangote said that okay, helium has a laboratory wherever helium employs astir 500 radical of planetary standard, NMDPRA has said that Dangote diesel is below, so, we person to. And this happening is not politics, it is science- subjecting everything to autarkic laboratory tests. That 1 is 1 of the ways that solution tin be. And astatine the extremity of the day, whosoever is conducting that volition accidental okay, this is the existent presumption of things.

“Number 2 is to guarantee that the- I cognize everyone of them is trying to support interests, but everybody should person it astatine the backmost of everybody’s caput is that the involvement that should beryllium projected and protected astatine this infinitesimal should beryllium the involvement that volition favour Nigerians.”

Ozioma Samuel-Ugwuezi

The station Adeola Yusuf: Industry Stakeholders Must Work Together, No One Wants An Investment Of Dangote’s Magnitude To Die appeared archetypal connected Arise News.