Tinubu's allies demand overhaul of Nigeria's oil industry leadership

September 2024 ยท 3 minute read

The demand comes in response to what they describe as gross mismanagement and corruption that have crippled Nigeria's oil and gas sector.

The Tinubu Legacy Coalition (TLC), a group of prominent APC members, penned a private letter to President Tinubu, urging him to sack Mele Kyari, Group CEO of the Nigerian National Petroleum Company Limited (NNPCL); Gbenga Komolafe, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC); and Farouk Ahmed, Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The letter, signed by over 100 stakeholders, including Hon. Bala Abu, Dr. Jeremiah Okino, and Comrade Gabriel Gbana, strongly criticised the leadership of these agencies, stating that their continued tenure is damaging the image of the administration.

ADVERTISEMENT

"We are compelled to express our deep concern over the state of the nation's oil and gas industry," the letter states.

"Despite the sector's potential to drive economic growth, it has been plagued by inefficiencies, corruption, and mismanagement. The continuous stay in office of Mele Kyari, Engr. Gbenga Komolafe and Farouk Ahmed have done more harm than good to the image of President Tinubu."

The APC stakeholders pointed to the numerous challenges facing the oil and gas sector, including persistent fuel scarcity, rampant pipeline vandalism, and widespread oil theft.

According to the coalition, these issues have led to a decline in the sector's contribution to the nation's GDP and tarnished Nigeria's international reputation.

ADVERTISEMENT

The stakeholders also highlighted the lack of transparency and accountability, which they claim has allowed corruption to flourish, resulting in billions of dollars in losses.

"Furthermore, the industry is plagued by vested interests," the letter continues, "with concerns over the importation of adulterated petroleum products, non-availability of crude oil for domestic refineries, and energy security concerns. The recent accusations by Dangote Refinery against International Oil Companies (IOCs) of conspiring to frustrate the local refining industry through underhand tactics are particularly alarming."

The stakeholders did not spare any of the regulatory bodies from criticism.

Under Ahmed, the NMDPRA was accused of indiscriminately granting import licenses, which led to the importation of high-sulfur diesel, which poses serious health risks to Nigerians.

ADVERTISEMENT

Kyari's leadership of the NNPCL was described as "incompetent and inept," particularly in handling the recurring fuel scarcity and pipeline vandalism.

Similarly, Engr. Komolafe was blamed for failing to curb corruption and enhance transparency within the NUPRC.

In their concluding remarks, the APC stakeholders clarified that removing these officials is necessary to restore public confidence in Nigeria's oil and gas sector.

"Their continued stay in office is a disservice to President Tinubu's administration, and a betrayal of the trust reposed in them," the letter asserts.

ADVERTISEMENT

As pressure mounts, all eyes will be on President Tinubu to see whether he will heed the call of his party's stakeholders and initiate a much-needed overhaul of the leadership in the nation's oil and gas industry.

ncG1vNJzZmivp6x7scHLrJxnppdku6bD0miroqall8K0ecClo6Kdo2KxprnAp5tmp6aav6mt1KVkqJ5do7aosdGimKxln565brXNnaysrKKueq2xwJ2cq6uYnr1wudesbJ%2BuqA%3D%3D