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Senate Postpones Public Hearing on Petroleum Crisis for Wider Consultation
The Senate has announced the postponement of its public hearing regarding the alleged sabotage in Nigeria’s petroleum industry, aimed at addressing the ongoing crisis within the sector.
The hearing was initially scheduled to take place from September 10 to 12, 2024, and was expected to feature discussions with key stakeholders from the nation’s oil and gas industry.
In a statement released on Sunday, Senator Opeyemi Bamidele, the Senate Leader and Chairman of the Senate Ad-hoc Committee responsible for investigating the crisis, confirmed the postponement.
He explained that the delay was necessary to allow for broader consultations with additional stakeholders both within and outside the petroleum sector.
The Senate also cited legislative considerations, emphasizing the need for a more thorough and comprehensive approach to the investigation.
“While we understand and deeply regret any inconvenience this may cause to all involved parties, both collectively and individually, this decision has been made strictly in the national interest,” Bamidele said in the statement.
He reassured the public that the postponement was intended to enhance due diligence and ensure that the inquiry is conducted in a more effective and transparent manner.
Originally, the Senate had summoned various critical players in the petroleum sector to participate in the hearing, including the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, officials from the Nigerian National Petroleum Company Limited (NNPCL), the Central Bank of Nigeria (CBN), representatives from Dangote Refinery, and the Nigeria Ports Authority (NPA).
The investigation comes at a time when tensions are high over the recent increase in petrol pump prices by the NNPCL.
The price hike has sparked widespread criticism from the Nigerian Labour Congress (NLC), the Trade Union Congress (TUC), and the general public, all of whom have been calling for an immediate reversal of the price adjustments.
The delay in the public hearing has only added to the anticipation, as many Nigerians await the Senate’s next steps in tackling the petroleum sector’s challenges.
As the Senate continues its consultations and prepares for the rescheduled hearing, all eyes remain on how it will address the complex issues facing the oil and gas industry, including the allegations of sabotage and the impact of rising fuel prices on the nation’s economy.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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