While there is a clearly identifiable oil production and exploration (E & P) ‘cartel’ constituted of mostly multinational corporations (with local clients) in the upstream sector of the Nigerian petroleum resources industry, such does not exist in the downstream sector relating to the distribution of fuel products. What causes fuel scarcity is the result of…
Tag: NNPC
Warri Pipeline Disaster: Negligence and Rumours
It has been a week now since the news of the explosion of an oil pipeline line in Warri occurred. The explosion happened just behind the 3 Battalion Army Barracks, Effurun- Warri, Delta State and spread to other areas in the locality with three separate thick-smoke producing fires burning for days and the firefighters are…
Privatise the Government of Nigeria!
Privatise the Government of Nigeria (GON)! It is amazing to hear that the Nigerian National Petroleum Corporation’s refineries are to be sold. Why? Because of inefficiency and under-performance problems if a self-set 30-day government ultimatum fails. This is the same NNPC that is supposed to be the only concrete evidence that President Muhammadu Buhari is…