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Home Business & Finance

HOSTCOM Demands Support for Dangote Refinery to End Fuel Imports

Benita OrumabyBenita Oruma
July 27, 2024
in Business & Finance
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HOSTCOM Demands Support for Dangote Refinery to End Fuel Imports
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The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) has called on the federal government to support the Dangote Petroleum Refinery & Petrochemicals and other domestic refineries to end Nigeria’s reliance on imported petrol, diesel, and other refined products. This statement is following a visit to the Dangote Petroleum Refinery in Ibeju Lekki, which boasts a capacity of 650,000 barrels per day, and also against the backdrop of the conflict between Dangote and oil regulatory authorities that has gained a lot of comments from Nigerians and attention from members of the National Assembly.

Table of Contents

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  • Issues with Government Refineries
  • Statement on National Support
  • Controversy Surrounding NMDPRA Leadership
  • Appeal to President Tinubu
  • Conclusion

Issues with Government Refineries

HOSTCOM highlighted that despite Nigeria’s position as a leading crude oil producer in Africa, the country continues to depend on imports for refined products. It also noted the ongoing problems with government-owned refineries, which have been inactive for over two decades.

HOSTCOM’s leadership emphasized the importance of refining crude oil locally. The delegation, led by HOSTCOM’s national president Dr. Benjamin Tamaramiebi, included traditional rulers from the Niger Delta such as HRM Frank Okorakpo, HRM Obafemi Ogaro, and HRM (Capt) Frank Okiakpe.

Statement on National Support

Following the tour, Dr. Tamaramiebi called for nationwide backing of the Dangote Petroleum Refinery to eliminate the need for imported refined products. He expressed gratitude to the National Assembly and other supporters but cautioned against sabotage that could impede progress toward self-sufficiency.

The body also criticized the ongoing corruption within Nigeria’s oil and gas sector, attributing the country’s import dependency to influential cabals. The group warned that it would publicly name these individuals if necessary.

Controversy Surrounding NMDPRA Leadership

HOSTCOM also took issue with Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), for his recent statement that the government would not cease importing refined products. The group called for Ahmed’s removal, citing his previous affiliations with key sector players as a conflict of interest. While commending Aliko Dangote for his investment in the Dangote Petroleum Refinery, noting its significant contribution to Nigeria’s economic growth. They emphasized the refinery’s role in providing local solutions and reducing dependency on imports.

Appeal to President Tinubu

The group urged President Bola Ahmed Tinubu to support the Dangote refinery project, highlighting its potential benefits for the economy, job creation, and host communities. They also called on the President to address economic sabotage by International Oil Companies (IOCs) that refuse to supply crude oil to domestic refineries.

Conclusion

HOSTCOM concluded with a strong stance against any failures by the NNPC and IOCs to meet their domestic crude oil supply obligations. The group warned that they would pursue greater autonomy over their resources if necessary to ensure that Nigeria’s refineries receive the support they need.

Tags: dangotefederal characterfuelHOSTCOMHOSTCOM Demands Support for Dangote Refinery to End Fuel ImportsImportsNewsrefinery
Benita Oruma

Benita Oruma

Benita Oruma is a lawyer in training, a 400 level student in the university of Ibadan. She is a content writer with interest in corporate affairs and the marketplace.

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