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Atiku Condemns NNPCL for $6 Billion Debt and Fuel Scarcity Crisis

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Former Vice President Atiku Abubakar has strongly criticized the Nigerian National Petroleum Company Limited (NNPCL) following the company’s recent admission of a substantial debt totaling $6 billion owed to petrol suppliers.

This disclosure, made public on September 1, has intensified the ongoing fuel scarcity crisis, which has now been affecting the country for six weeks.

NNPCL’s Chief Communications Officer, Mr. Olufemi Soneye, confirmed the debt, highlighting the severe financial strain it has imposed on the company’s operations.

Soneye acknowledged that the debt poses a significant challenge to the company’s ability to maintain a steady fuel supply.

Despite these difficulties, Soneye reassured the public that NNPCL remains dedicated to fulfilling its role as the supplier of last resort, as required by the Petroleum Industry Act (PIA).

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The company is actively working with government agencies to ensure that petroleum products remain available across the nation.

In response to the situation, Atiku Abubakar expressed his deep concern through a statement released by his media aide, Phrank Shaibu.

He criticized the NNPCL’s handling of the situation, questioning the credibility of the profits that had previously been touted by the company.

Atiku accused the current administration under President Bola Tinubu of leading NNPCL towards a state of disarray, characterizing their actions as a “ruthless dismantling of its assets” and expressing skepticism about the transparency and effectiveness of their management.


 

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Ngozi Okonjo-Iweala Says Nigeria Lacks a Maintenance Culture

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The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.

She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”

“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”


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Peter Obi Criticises President Tinubu’s Statement on Hunger

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Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.

It can be noted that the President recently stated that hunger has always existed in Nigeria.

Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”

“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”


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Nigerian Army Launches New IED Training Programme

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Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).

The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.

It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”


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