Politics
Prof Iledare Tells Tinubu to Fix Refineries Instead of Rushing to Sell Them
Professor Wumi Iledare, a respected expert in petroleum economics, has cautioned against rushing to sell Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna. He advised President Bola Tinubu and the Nigerian National Petroleum Company Limited (NNPCL) to adopt a more strategic and transparent approach that puts national interest first.
His warning follows comments by NNPCL’s Group CEO, Bayo Ojulari, who recently hinted in an interview that the refineries may be sold after their ongoing reviews. Responding to that, Iledare argued that the major issue isn’t government ownership but poor efficiency and management.
“Selling them off without addressing deeper governance failures could lead to the same problems we’ve seen in the past and also risk our energy security,” he said. He recommended public-private partnerships and performance-based agreements as better alternatives, aligning with the spirit of the Petroleum Industry Act of 2021. He also warned that privatisation shouldn’t become a tool for monopoly or be controlled by a privileged few.
According to him, the focus should be on unlocking value and reviving the downstream oil sector in a sustainable way. This comes after NNPCL shut down the Port Harcourt Refinery in May 2025 for maintenance. Despite large sums spent on reviving the Warri and Kaduna plants, both remain inactive. Meanwhile, Aliko Dangote recently stated that those refineries may never function again.
Spiritual leader Primate Elijah Ayodele warns the APC against being too confident ahead of the 2027 election.
He shared “Overconfidence will kill APC; they will be too overconfident, and that will be the party’s weakness in the election. They will turn Tinubu to a demi-god, but it will make them lose the election. They believe money can do everything, but it will fail in the 2027 election,” Ayodele said.
Ayodele has repeatedly warned the APC not to assume that its current political strength will automatically translate into victory in 2027.
Politician Atiku Abubakar claims that President Bola Tinubu is 90 and says he can prove it.
He shared in a recent interview that he has evidence and can prove it, while also stating that he can serve Nigeria better and sharing how he has the qualities to be Nigeria’s leader.
“You have a President who is 90 years old now and sick and I am healthy and strong. So why won’t I make myself available to serve my country?”
“You went and voted for someone who is 80, I mean 90 years old. How old is President Bola, 90?”
Nigerian businessman Isaac Fayose speaks on the upcoming election and shares that it has basically started now with who the people support.
While backing Peter Obi, he shared “2027 election campaign has officially kicked off. I’m happy because it’s time to take our country back. Recall that President Tinubu once told us that if he doesn’t provide electricity, we should not vote for him. APC is a failed government. Let’s start a door-to-door campaign for Mr Peter Obi. The (OK) ticket is all we want.”
He urged Nigerians to start showing their support and vote.
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