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.
Politician and former President Olusegun Obasanjo speaks on Nigeria and shares that the possibility of Nigeria surviving another civil war is quite low.
He revealed that the issues that led to the Biafra War have not been resolved and that if another war breaks out, it will be much harder to resolve.
Reflecting on the civil war, he shared “The conditions that led to the Nigerian civil war years ago still remain unresolved.”
“I was involved in the civil war, but whenever people ask me about the Asaba massacre, I always tell them I cannot give details because Murtala Muhammed was responsible for operations in that area.”
Nigerian businessman Isaac Fayose pleads with the government and President Tinubu that the minimum wage needs to be increased.
He shared that the current minimum wage of ₦70,000 is not enough considering the current state of the country and urged the government to increase it to ₦200,000.
“President Tinubu, have mercy on our people and increase the minimum wage to ₦200,000 now. I don’t think anyone can survive on the current ₦70,000 minimum wage. ₦70,000 is nothing. If we don’t solve the minimum wage problem, we can’t solve crime.”
Human rights activist and lawyer Deji Adeyanju has faced backlash after suggesting that opposition figures, including Peter Obi, could contribute to President Tinubu’s chances of re-election if opposition votes remain divided.
He stated “If Tinubu gets re-elected in 2027, blame Peter Obi and the other contractor-general. With all the insecurity and kidnapping in the country, they are the ones aggressively working for his second term by ensuring opposition votes are divided like they did in 2023.”
His comments sparked criticism from many Nigerians, who argued that Peter Obi is not the only opposition figure and should not be solely blamed for political divisions.
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