Connect with us

Headlines

The Fear of Malta

 Pius Mordi 
In the heat of the allegation by Aliko Dangote that international oil companies and NNPCL were denying his refinery access to Nigerian crude oil to buy, some commentators wondered why Dangote did not do his homework and secure a guaranteed regular supply of crude oil from NNPCL and the IOCs before investing almost $20 billion into building what is reputed as the biggest refinery in the world.
 It’s an unusual assumption to make for a project the Nigerian government had repeatedly touted as the final solution to the spectre of importation of refined products that orchestrated the bleeding of the economy through a nebulous oil subsidy regime.
Apart from banking on it, the federal government had also invested public funds into the project.
 Initially put at 20 percent of the stakeholding, Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN) had claimed on May 22, 2023, when then President Muhammadu Buhari initially commissioned the refinery before its completion that the Dangote Group had paid back 70 percent of the loans it took to construct an oil refinery.
But earlier this July, Dangote himself announced that NNPCL’s shareholding has been whittled down over failure to pay the balance of the value of its stake in June.
 “Now, they only own a 7.2% stake in the refinery,” he declared.
On July 29, 2024, Dangote Refinery’s nightmare was summarily resolved.
President Tinubu unilaterally ordered NNPCL to sell crude oil and in naira to the refinery.
 In addition to committing to supply four of the 15 cargoes of crude oil required yearly at a cost of $13.5 billion, the Federal Executive Council (FEC) approved that the 450,000 barrels allocated for domestic consumption be offered in Naira to Nigerian refineries, using the Dangote refinery as a pivot.
The reprieve for Dangote came after curious but intriguing layers of false claims were put up by oil industry chiefs from NNPCL to undermine and justify their refusal sell crude oil to the refinery.
After the claim that Dangote’s products were inferior to imported ones fell like a pack of cards with the revelation that the refinery’s laboratory had certified that its own products have superior quality to the ones NNPCL imports, a false narrative was invented.
According to the story promoted by the state oil company, due to operational and technical problems, the refinery was reselling crude oil from the United States and Nigeria.
Stating that it is not authorised for it to resell crude acquired in Nigeria, Anthony Chiejine, Dangote Industries Limited spokesman, urged the public to disregard what he termed as false narratives intended to discredit the refinery.
 Not one to shy away from this sort of war being waged against his conglomerate, Aliko Dangote himself fought back.
He pointedly accused those running Nigeria’s oil industry of mischief for personal interests.
 He alleged some personnel of NNPCL, oil traders and terminals have opened a blending plant in Malta, affirming that the areas of the blending plants are known.
 Pointedly, he said “Some of the terminals, some of the NNPC people and some traders have opened a blending plant somewhere off Malta,” he said.
“We all know these areas. We know what they are doing.”
More than the support Nigerians gave to Dangote in the face of the illogical attempts by NNPCL bigwigs to cripple the refinery, his allegation ruffled feathers.
 Although no names were mentioned, top state operatives queued to exonerate themselves.
 Mele Kyari, Group Managing Director of NNPCL, went a step further to dare Dangote to name the culprits.
The billionaire didn’t have to go that far for the impact was instantaneous.
Even Oando plc which Dangote never mentioned got involved.
 In a tweet amplified by Bayo Onanuga, President Tinubu’s spokesman amplified, he said Oando, “Nigeria’s leading indigenous oil firm” debunked rumours that its directors are the owners of an oil blending plant in Malta.
The oil business is denominated in dollars with the chain so complex that Nigeria could have earned incomes across various frontiers.
 The National Shipping Policy enunciated by Ibrahim Babangida’s administration had stipulated that Nigerian-owned ships should be involved in the affreightment of crude oil export.
The policy stipulated that they should be allowed to lift at least 50 percent of crude oil exports.
 Indigenous shipping companies have noted that more than $600 million is spent annually for the transportation of crude oil across the oceans.
Enabling them to be part of it could potentially plough $300 million of that back into the economy.
And given that oil is lifted under Cost, Insurance and Freight (CIF) terms, more income could have been earned by Nigeria if local insurance companies were involved in the provision of marine insurance cover.
NNPCL rebuffed every move to involve Nigerian companies in the lucrative, but oily business.
 Tinubu’s intervention is timely and appropriate. The only issue is why it took this long for him to call NNPCL top guns to order.
But having started, he should go the whole hog.
Officials in the behemoth’s reputation for their infamous inclination to shield their operations from critical prying eyes of the public, including lawmakers is legendary.
 They definitely misfired in their latest venture to cripple an organisation Nigerians had pinned their hope on getting refined products at a cheaper rate.
 The cartel is powerful, very powerful. They are richer than Nigeria and the government and can go all the way to maintain the status quo.
President Tinubu should sustain the tempo of his intervention and complete the job.
He should get rid of the present crop of managers of the subsidiaries of NNPCL as well as the behemoth itself and open up the company to public scrutiny.
 Will he, can he?
Mr Pius Mordi is a maritime journalist and an Aide to the Delta State governor
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headlines

NRC grants Lagos Government permanent approval to operate Red Line rail services

Funso OLOJO, Editor

The Nigerian Railway Corporation (NRC) has granted final approval to the Lagos State Government to operate two of its rail tracks under the Track Sharing Agreement, paving the way for the full operation of the Lagos Rail Mass Transit (LRMT) Red Line project.

The LRMT Red Line commenced passenger operations on October 15, 2024, with morning and evening peak-hour services following its inauguration by President Bola Ahmed Tinubu.

The permanent approval follows the temporary operating approval granted by the NRC in 2025 under the Track Sharing Agreement with the Lagos State Government.

Presenting the Permanent Operating Licence to the Lagos Metropolitan Area Transport Authority (LAMATA) on Tuesday, June 30th, 2026, the Managing Director of the Nigerian Railway Corporation, Dr. Kayode Opeifa, said the approval confers on the Lagos State Government all the rights and obligations contained in the Track Sharing Agreement.

According to him, the licence also empowers the state to operate rail services in line with international best practices.

Opeifa described the milestone as a testament to the mutual trust, cooperation and shared vision that have continued to define the partnership between the NRC and the Lagos State Government.

“Beyond providing access to the tracks, our collaboration has also included the training and capacity development of the Red Line’s operational personnel, demonstrating the immense value of strong institutional partnerships,” he said.

He commended the Lagos State Government for its confidence in the NRC and its sustained commitment to the partnership.

“I also commend the Government for its remarkable investment in public transportation, particularly in the rail subsector, including the acquisition of adequate rolling stock to meet the growing mobility needs of Lagosians,” he added.

The NRC Managing Director noted that the development of modern rail infrastructure requires foresight, substantial capital investment and sustained political will, qualities he said the Lagos State Government has consistently demonstrated.

Opeifa also urged other state governments across the federation to invest in rail infrastructure and services to complement the Federal Government’s efforts to strengthen Nigeria’s railway network.

According to him, expanding rail transportation nationwide would ease congestion on highways, reduce logistics costs, improve passenger mobility, stimulate industrial and commercial activities, and accelerate national economic growth.

He stressed that rail transportation remains the backbone of efficient mass transit systems in major cities around the world.

“Continued investment in rail infrastructure is essential to providing safe, reliable, environmentally sustainable and high-capacity mobility for our growing population, while significantly reducing pressure on our road network,” he said.

Opeifa reaffirmed the NRC’s commitment to fostering productive partnerships that will transform Nigeria’s transport landscape.

“Together, we will continue to build an integrated, efficient, safe and sustainable railway system that serves the aspirations of all Nigerians,” he concluded.

Continue Reading

Headlines

NPA unveils multi-agency task force to tackle resurgent port access gridlock

Funso OLOJO, Editor

The Nigerian Ports Authority (NPA) has launched a multi-agency task force to combat the resurgence of traffic gridlock choking the Lagos port access roads, in a fresh push to restore seamless cargo evacuation and sustain recent gains in port efficiency.

The intervention followed a stakeholders’ meeting convened by the Managing Director of the NPA, Dr. Abubakar Dantsoho, on June 23rd, 2026, where security agencies, freight forwarders, truck operators and representatives of the Lagos State Government agreed on coordinated measures to eliminate the bottlenecks disrupting cargo movement.

At the meeting, stakeholders identified illegal extortion points, overlapping responsibilities among security agencies and other operational distortions as major factors responsible for the renewed congestion along the port corridor.

Speaking on the outcome of the meeting, the NPA’s General Manager, Corporate and Strategic Communications, Mr. Ikechukwu Onyemakara, said the Authority’s overriding priority is to guarantee the unhindered movement of cargo to and from the nation’s seaports.

According to him, the task force comprises the NPA, the Police, the National Association of Government Approved Freight Forwarders (NAGAFF), the Association of Nigerian Licensed Customs Agents (ANLCA), the Federal Road Safety Corps (FRSC), the Maritime Workers Union of Nigeria (MWUN), the Nigerian Association of Road Transport Owners (NARTO) and the Association of Maritime Truck Owners (AMATO).

“The responsibility of the task force is to monitor truck movement on the port access roads on a regular basis, identify any disruption capable of causing gridlock and immediately resolve such challenges,” Onyemakara said.

He stressed that members of the task force would not establish checkpoints along the corridor but would maintain strategic presence at designated locations to ensure compliance without obstructing traffic.

To enhance rapid response, Onyemakara disclosed that the task force has created a dedicated WhatsApp platform through which members can instantly report infractions or emerging traffic issues for immediate intervention.

On the long-delayed renewal of the Electronic Truck Call-Up (ETO) system contract, the NPA spokesman said the Authority is reviewing the terms to ensure a more robust contractual framework before awarding a fresh agreement.

He explained that although the previous contract had expired, the ETO platform remains operational under the management of the Truck Transit Parks (TTP) pending completion of the procurement process.

He expressed confidence that the renewal would be concluded soon.

Reaffirming the Authority’s commitment to maintaining free-flowing port access roads, Onyemakara said efficient logistics remain central to the NPA’s drive to improve Nigeria’s port competitiveness and preserve its growing international reputation.

“We are more interested in the free flow of logistics into our ports than anyone else because it is in our own interest,” he said.

“If you look at the international recognition we are receiving, including the World Bank report, we are determined to sustain and even surpass the improvements already recorded in our port system.
“You can be assured that we remain fully committed to achieving the best possible performance from our ports.”

Continue Reading

Headlines

Customs Steps Up Nationwide Green Tax Awareness Ahead of July 1 Rollout

Funso OLOJO, Editor

The Nigeria Customs Service (NCS) has intensified its nationwide sensitisation campaign ahead of the July 1, 2026 implementation of the Green Tax Surcharge and related fiscal adjustments, aimed at promoting environmental sustainability and encouraging the importation of cleaner vehicles.

The awareness campaign, held on Friday July 26th, 2026 at the Apapa Area Command, brought together Customs officers, licensed customs agents, freight forwarders, importers and other key stakeholders under the theme: “Implementation of the Green Tax Surcharge and Related Fiscal Adjustments.”

Representing the Comptroller-General of Customs, Adewale Adeniyi, the Zonal Coordinator, Zone A, Mohammed Babadende, said the exercise was designed to ensure stakeholders fully understand the policy before its implementation.

“This sensitisation is designed to ensure that every stakeholder clearly understands the policy before implementation. Our objective is to eliminate uncertainty, promote voluntary compliance and guarantee uniform application of the Green Tax Surcharge across all commands,” Babadende stated.

Delivering a technical presentation, the Comptroller in charge of Tariff, System Audit and Coordination, Murtala Muazu, explained that the Green Tax Surcharge is different from conventional fiscal measures and would therefore require a separate assessment process.

He disclosed that the Service has simplified implementation through the HS Code declaration platform to facilitate seamless compliance by importers and clearing agents.

Muazu also revealed that the Federal Government has reduced import levies on vehicles from 20 per cent to 10 per cent, while import duty on used vehicles has been slashed from 15 per cent to five per cent to cushion the impact of the new environmental surcharge.

Area Controllers who participated in the sensitisation urged importers, licensed customs agents and the trading public to embrace the initiative, stressing that the reduction in import levies would lower the cost of doing business, promote legitimate trade and ultimately reduce transportation costs.

Stakeholders welcomed the policy but called for sustained public enlightenment to deepen understanding and ensure seamless compliance ahead of the July 1 commencement date.

Continue Reading

Trending