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.
Anambra State Commissioner for Information and Value Reorientation, Law Mefor, speaks on Peter Obi and shares that he made wonderful achievements as a governor and roots for him for the presidency.
“The intention of the Anambra State government is not to indict Peter Obi. Peter Obi did well as governor.
“There is no rift between Governor Soludo and Peter Obi. They are both in politics, and they have their interests to defend.”
Peter Obi makes headlines as he received huge recognition and a welcome in Delta State.
A crowd came out to support the politician and show their support for him ahead of the election next year.
They moved with the message, “Peter Obi will reset Nigeria, Peter Obi for president.” Many shared their beliefs that Peter Obi can truly help Nigeria. This has gained some attention, and people shared their thoughts.
Former President of the Nigerian Bar Association, Mazi Afam Osigwe, speaks on the election and a popular notion that is happening. He shared how some politicians depend on the courts to win their elections instead of the voters (the people).
“A judge once presented a paper called ‘The Judicialisation of the Electoral Process.’ He argued that because of the difficulty of proving non-compliance with the Electoral Act, the courts have gradually and increasingly usurped the role of the voters. I couldn’t agree more.”
“They believe that between polling units and collation centres—especially at night—miracles happen before daybreak. So why vote?” he asked.
Walid Acherchour Backs Lamine Yamal to Win 2026 Ballon d’Or
Zlatan Announces Wedding Date With Longtime Partner Davita
11 New K-Dramas To Add To Your Watch-list This October 2026
-
Entertainment8 hours agoBridgerton Announces Violet and Edmund Love Story Spin-Off
-
Entertainment8 hours agoMr Eazi Sparks Reactions With Comment About Expecting Twins
-
Entertainment8 hours agoFrom Men in Black to Aladdin: 10 Will Smith Movies
-
Entertainment8 hours ago11 New K-Dramas To Add To Your Watch-list This October 2026
-
Entertainment8 hours ago10 Global Music Stars Who Became Famous At A Young Age
-
Sport8 hours agoWalid Acherchour Backs Lamine Yamal to Win 2026 Ballon d’Or
-
Entertainment8 hours agoZlatan Announces Wedding Date With Longtime Partner Davita