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The House of Representatives yesterday resolved to investigate allegations that the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) and International Oil Companies (IOCs) operating in the country have colluded to deny Dangote Refinery crude oil supply thereby frustrating it’s operation.
The House also resolved to investigate the claim by the Chairman of Dangote Refinery, Aliko Dangote alleging that Nigeria, through the NNPCL own only 7.2 per cent shares of the refinery instead of the 20 percent known to Nigerians.
This followed the adoption of a motion of urgent public importance sponsored by Minority Leader, Kingsley Chinda, on alleged conspiracy by International Oil Companies to frustrate the operation and survival of Dangote refinery and the actual percentage of holding of the federal government in the refinery.
He said: “here is an urgent need to look into these allegations by Dangote Refinery and end/break all forms of dominance and monopoly of the petroleum sector by the IOCs and confirm the quantum of Federal government interest in the refinery.
“Unless urgent steps are taken by the Federal government, as well as investigate this matter and call the IOCs to order, Dangote Refinery and its operations would be prematurely pushed/forced out of business and this would not be good for us as a people.” He also expressed concerned that NNPC LTD is said to be unable to subscribe for the 20% shares.
He said even though Nigeria is a major oil producing and exporting country, she has for several years continued to import refined petroleum products from other countries, to the detriment of the economic well-being of the country.
He said Dangote Refinery, with a capacity of 650,000 barrels per day (bpd) is said to be Africa’s largest refinery, and the World’s seven per cent largest by capacity, and its construction was meant to alleviate the petroleum products needs and accompanying pains faced by Nigerians.
He expressed concerned about the IOC’s strategy/plan which he said is capable of making Nigeria face higher unemployment rate and poverty.
Source: newsnow.com
