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NNPCL-Dangote Refineries Rift: HOMEF Demands Transparency, Investigation

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Health of Mother Earth Foundation (HOMEF), has demanded transparency and a thorough investigation into allegations of importing and foisting ‘dirty’ fuels on Nigerians.

HOMEF’s demand is in reaction to the feud between the Nigerian National Petroleum Corporation Limited (NNPCL) and Dangote Refineries.

A statement by Dr. Nnimmo Bassey,
the Executive Director, noted that the NNPCL’s inability to refine petroleum products has been an enormous shame and embarrassment to the
nation.

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Bassey, in the statement made available to INFO DAILY by Kome Kome Odhomor Media/Communication Lead, HOMEF, lamented that “over the decades, NNPCL’s poor performance has forced Nigeria into the vice grip of forces of exploitation of colonial proportions, making her the largest exporter of crude oil and, at the same time, the largest importer of refined products of dubious quality.”

The Executive Director noted that the company has epitomised one of the worst that can be imagined of any raw material exporter post- colonial state anywhere in the world.

He explained that while HOMEF acknowledges the high ecological costs of the entire petroleum industry value chain, it regrets that the failure of the comatose NNPC refineries is a critical factor that has allowed toxic bush refineries to proliferate to fill the yawning gaps.

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READ ALSO: WED: Declare State of Emergency On Environment, HOMEF Urges FG

He said: “The importation of refined petroleum products has equally foisted heavy economic pressures on the hapless citizens of Nigeria. The arrival of the Dangote Refinery has its own huge ecological baggage, especially regarding the plight of neighboring communities and the general environment. Besides, there are bigger issues related to the creation and operation of what has come to be known as economic zones of exemption.

“HOMEF is alarmed by the cloudy controversies around the Dangote
Refinery. The role of the NNPC in the unfolding disputes highlights the opacity of the sector and the inbuilt boobytraps in the regulatory
frameworks under which the sector operates.

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“Nigeria entered the oil
refining business shortly after independence, with the first refinery
built in Port Harcourt to meet domestic needs and curb overreliance on importation.

“Successive “democratic” governments continued to fan the embers of this unproductive but self-serving arrangement, solidifying it with Bills that followed and passed by cronies hooded in different cloaks. The sad realities in the sector include poor governance, poor or non-existent turn around maintenance for the refineries, industrial-scale oil theft,
and even the appointments to offices for political control as seen in having serving presidents appointing themselves as Ministers of Petroleum,” he said.

Bassey noted that the conundrum of dependency on exporting raw crude oil and importing refined products, along with corrupt subsidy regimes, remains intractable to date.

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READ ALSO: Food Crisis: HOMEF, GMOs-Free Nigeria Train Abuja Farmers, CSOs, Others On Agroecology

According to the environmentalist, the Dangote Refinery’s 650,000 bpd
capacity could boost Nigeria’s refining capacity and meet its domestic petroleum needs.

He said that the news that Nigeria, through the NNPC Ltd, would have a 20% share in the refinery raised questions, including why the corporation could not focus on making its own refineries work.

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Now we hear that the 20% investment stymied at 7.2% due to the inability of the supposedly profit-making company to meet its financial obligations on schedule. Before the recent closed-door meetings between the Ministry of Petroleum Resources and the Dangote Refineries, there were insinuations and counter-insinuations suggesting an in-fighting. We hear of disputes over the quality of refined products and issues of whether full approvals have been obtained by the private refinery for it to even commence operations.”

Bassey quoted the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) as saying: “The refiners failed in operational approaches because there are operational standards for crude oil supply. These standards go along with international best practices. The local refiners will not put payment instruments in place as expected. They were not also revising delayed vessels at the right time. They will not fix the
vessel to pick up the crude at the right time, or they will bring the
wrong vessel specifications. These are operational inefficiencies on the
part of the local refiners.”

Reacting to the situation, Bassey said: “It is time for the NNPC to come clear on the questions over the quality of products imported petroleum products as well as those coming out of the Dangote Refinery. Nigerians also deserve to know what volume of shares it holds in the refinery.

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READ ALSO: HOMEF Applauds NASS On Decision To Investigate GMOs In Nigeria

“The public deserves clarity about what is also going on with regard to
subsidies on imported petroleum products since the purported elimination of subsidies provided one of the planks aiding the economic strangulation of the Nigerian peoples.”

Bassey also demanded a participatory social and environmental audit of all the country’s refineries and put in place environmental management plans to ensure the safety of fence-line communities in Lekki, Port Harcourt, Warri, and Kaduna.

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Also, HOMEF’s Fossil Politics Programme Manager, Stephen
Oduware said: “If anything is clear, it is that there are huge transparency questions over the sectoral regulatory frameworks and that the artificially
created complexities orchestrated by the NNPCL have heaped an avoidable burden on the masses.”

They called on the Federal Government to ensure the operations of all its refineries and equally activate an audit of the unfolding crisis.

“The government should also ensure a depoliticization of the petroleum sector. Another important step will be to ensure that the president of
Nigeria does not double as the head of the Petroleum Resources
Ministry.”

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Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

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The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

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READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

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“This contradiction will no longer be tolerated,” the statement said.

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N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

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First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

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Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

READ ALSO:I’ve Been Blacklisted In Music Industry For 13 Years – Seun Kuti

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

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Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

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Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

READ ALSO:My Beef With Wizkid Is For Life – Seun Kuti

By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

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Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.

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Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

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Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.

Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.

He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.

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READ ALSO:South Africa To Investigate ‘Mystery’ Of Planeload Of Palestinians

“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.

He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.

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When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.

READ ALSO:South African Ambassador Found Dead Outside Paris Hotel

We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.

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DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.

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