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Fuel Pump Price, Saudi Arabia and Grubby Arguments

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By Jerome-Mario Utomi

While waiting for the independence anniversary broadcast by President Muhammadu Buhari, on Thursday morning October 1, 2020, I stumbled on a statement by Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirate and Ruler of Dubai, where he stated thus:

God blessed UAE with a leadership of achievers, not egotists.

When we compare our development experience in the United Arab Emirates with others, we find that there are some leaders who destroy their countries, while others promote the status and prosperity of their people.

“Our leaders walk down the street without armoured cars and a large entourage of cars and motorcycles because they are not afraid of their people – they are one with them.

They feel and understand the pulse of the man in the street. With such a close and deep relationship between the leadership and the people, any decision taken by the former will be in the interest of the latter.

This is the basis of a true vision – it is in the interest of the people”. To be sure, I listened afterwards with real curiosity to Mr. President’s broadcast while reflecting on the above.

Placing  Al Maktoum words beside the content of Mr President’s broadcast enables one to understand more fully the essential ingredients of leadership foresights and objective.

At the end, not only did the analysis assisted me in understanding their priorities, but further clarified the age-long belief that the interest subjects take in their leader does not lie in the leader’s physical and intellectual abilities, but rather in what he can add to their lots in life’. Now, let’s be clear about what happened.

President Buhari during the broadcast, among other things, declared, in the circumstances, a responsible government must face realities and take tough decisions. Petroleum prices in Nigeria are to be adjusted. We sell now at N161 per litre.

A comparison with our neighbours will illustrate the point. Chad, which is an oil producing country, charges N362 per litre; Niger, also an oil producing country, sells a litre at N346. In Ghana, another oil producing country, petroleum pump price is N326 per litre.

Further afield, Egypt charges N211 per litre. Saudi Arabia charges N168 per litre. It makes no sense for oil to be cheaper in Nigeria than in Saudi Arabia. Clearly, Buhari’s arguments are well understood but not without difficulties. 

And it will be naïve to proceed without spot incongruities while underlining his (Buhari) created ‘realities and the actual realities confronting the nation’.

To add context to the discourse, there is absolutely nothing wrong with comparing, admiring/copying other people/nation’s progress. Afterall, Tam-David West encouraged humanity to appreciate and admire the success of those who have really succeeded. And examples abound. First and very key, it is documented that before World War 11, Japan copied its corporate system from the West.

There were capitalists and labourers, haves and haves not. The big capitalists came into being in the late 19th century as a direct result of the Meiji government’s determination to catch up with the strong Western nations. Copying is by no means limited to Japan. When China discovered its potential to become a modern economy, it copied other nations by joining the World Trade Organisation, WTO.

Today, China has experienced a period of economic growth, the likes of which the world had never seen before. Its model blazes a new trail for other developing countries to copy and achieve modernisation as well as offers a new option for other countries which want to speed up their development. But there is a very big distinction to make.

In the present circumstance, there is a reason for concern that Mr. President’s recent comparison and inconsiderate declaration that it makes no sense for oil to be cheaper in Nigeria than in Saudi Arabia, suggests that what the nation is experiencing is no longer the first half of a reoccuring cycle but rather the beginning of something new.

And if we fail to change this mindset, chances are that we may as a nation continue in this thought-system that allows poverty, powerlessness and economic stagnation to thrive. It rings apprehension that the nation will continue to face new challenges.

Indeed, when one critically examines Mr. President ‘comparative analysis’, which for yet to be identified reason(s) was silent on the steps Saudi leadership is taking to reduce cost of governance and improve the life chances of citizens, it again amplifies the claim by Nigerians that if our founders could see the current state of their generation’s handiwork and access the quality of the present administration, they would be amazed at what leadership has become in the country.

At this point, it is important to ask: what suddenly informed the choice of Saudi Arabia as benchmark for determining petrol pump price in Nigeria as against market forces earlier claimed by the Federal Government?

Has President Buhari forgotten that unlike Nigeria, small scale businesses in Saudi Arabia are not petrol-dependent for their daily operation and the masses not preoccupied with buying of fuels for their cars/vehicles as Saudi Arabia is blessed with stable electricity and efficient transportation network?

At the moment, this is what this piece is proposing. If we must copy, let the Federal Government of Nigeria first copy the fact that Saudi Arabia, going by reports is dotted with the following refineries (government and private), all producing in various installed capacities and replicate same here at home: Riyadh Refinery 120,000 bbl/d (19,000 m3/d); Rabigh Refinery, 400,000 bbl/d (64,000 m3/d); Jeddah Refinery, 100,000 bbl/d (16,000 m3/d); Ras Tanura Refinery 550,000 bbl/d (87,000 m3/d); Yanbu’ Refinery, 225,000 bbl/d (35,800 m3/d); Yanbu’ Refinery (SAMREF) (Saudi Aramco/Exxon Mobil), 400,000 bbl/d (64,000 m3/d); Jubail Refinery (SATORP) (Saudi Aramco/Total), 400,000 bbl/d (64,000 m3/d); YASREF Refinery (Yanbu, KSA) (Saudi Aramco/Sinopec), 400,000 bbl/d (64,000 m3/d);  Jazan Refinery (Saudi Aramco, opens 2016), 400,000 bbl/d (64,000 m3/d) and Jubail Refinery (SASREF) (Saudi Aramco/Shell), 305,000 bbl/d (48,500 m3/d). Again, as a country that had in the past met with challenges Nigeria still battles with, let Mr. President begin by asking Saudi Arabia how they are able to get the International Oil Companies, IOCs, to build refineries in the country.

And find out how their governments’ refineries function seamlessly, producing in their installed capacities unlike ours that gulp billions of Naira without result.

Most importantly, as part of the 60th Independence gift to Nigerians, the Federal Government urgently needs to understand why leaders in UAE can walk down the street without being afraid of their people instead of moving in  armoured cars and large convoys of cars and motorcycles as is the case in Nigeria. This is the crux of this piece.

Utomi, is a Lagos-based media consultant, could be reached on jeromeutomi@yahoo.com

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DAILY ASSET Appoints Torough, Editor, Names Eze, Deputy

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By Laide Akinboade, Abuja 

As part of efforts to reposition the newspaper for optimum corporate performance, the management of Asset Newspapers Limited, Publishers of DAILY ASSET, has announced the appointment of David Torough as the Editor of the Abuja-based national daily.

A statement by the management said the appointments were part of the company’s new strategy to further penetrate the various states in the country and raise its readership and patronage.

“DAILY ASSET is widely acceptable across the country and to maintain our leadership position, we need to increase management presence, hence the need to create new Bureau offices in some locations outside Abuja and Lagos,” the statement quoted the Publisher/ Editor-in-Chief, Dr Cletus Akwaya to have said.

In a statement yesterday, Publisher and Editor-in-Chief of the fast-growing daily, Dr. Cletus Akwaya said the appointment was part of the new strategy to properly situate the paper for better productivity.

“DAILY ASSET has a commitment with the Nigerian people. We are determined to weather the storm and give Nigerian readers a Newspaper that satisfies their yearnings and reading pleasure and we can only do that with the right set of professionals,” the statement said.

Akwaya, a former Commissioner of Information from Benue State said the difficult times being faced by Nigerians posed a great challenge to the media as the people deserved credible information with which to make choices.

“We have a bond with the people, to offer credible information at all times in the best tradition of the Nigerian Press and on this scale of objectivity, truth and fairness, we pledge to remain steadfast no matter the challenges,” Akwaya was quoted to have said.

He said the newspaper will maiantin its daily print run and circulation to all states of the federation and urged advertisers to take advantage of the deep penetration of the Daily Asset brand to send their messages.

Torough, the new Editor has had a steady rise in the Newspaper in the last five years.

A graduate of Mass communication of the Benue State University, Makurdi, Torough joined the company in 2022 as Benue State Correspondent. He was spotted for his brilliance and redeployed to Abuja the following year and promoted to Deputy News Editor.  He was subswuently named Deputy Editor of the paper, a position he held until the recent appointment. 

Torough  has  attended several journalistic workshops and trainings to properly equip himself for the task ahead.

The statement also said the Management named Eze Okechukwu as Deputy Editor.

Before his elevation as Deputy Editor, Eze has been Deputy Politics Editor and  DAILY ASSET Newspaper correspondent  covering the Senate, having joined the organization in 2021.

Born on March 10, 1975, Eze holds a Masters Degree in Mass Communication from the Enugu State University of Science and Technology.

Eze began his journalism career with Daily Star, Enugu and later worked with Daily Trust Newspaper, Abuja as sports reporter.

Aside from his journalistic excellence, he has a great deal of passion for sports.

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Insecurity: Northern Govs, Monarchs Seek Six-month Mining Suspension

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From Ngutor Dekera, Kaduna and Aliyu Askira, Kano

Northern governors and traditional rulers yesterday called for the suspension of mining activities across the region for six months, blaming illegal mining for worsening insecurity in many states.

The resolution was contained in a communiqué issued after a joint meeting of the Northern States Governors’ Forum and the Northern Traditional Rulers’ Council held at the Sir Kashim Ibrahim House, Kaduna.
The meeting, chaired by the Gombe State Governor and NSGF Chairman, Muhammadu Yahaya, had in attendance the 19 northern governors and chairmen of the 19 states’ traditional councils.
The Forum expressed concern over the escalating violence in parts of the North, including the killings and abductions recently recorded in Kebbi, Kwara, Kogi, Niger, Sokoto, Jigawa and Kano states, as well as renewed Boko Haram attacks in Borno and Yobe.“The Forum extends its deepest condolences and solidarity to the governments and good people of the affected states,” the communiqué said, noting that the attacks on schoolchildren and other citizens had become “unacceptable tragedies” that required urgent collective action.It commended President Bola Tinubu for what it described as the Federal Government’s “firm response” to recent abductions and insurgency threats, especially the rescue of some abducted pupils.The governors also saluted security agencies for their sacrifices on the frontlines.“We resolved to renew our support for every step taken by the President and Commander-in-Chief to take the fight to insurgents’ enclaves in order to end the criminality,” the Forum stated.A major highlight of the meeting was the North’s renewed push for the establishment of state police, with governors and traditional rulers insisting that decentralised policing had become inevitable.“The Forum reaffirms its wholehearted support and commitment to the establishment of state police,” the communiqué added, urging federal and state lawmakers from the region to “expedite action for its actualisation.”On illegal mining, the governors said criminal mining networks were fuelling violence and providing resources for armed groups.As a corrective measure, they asked Tinubu to direct the Minister of Solid Minerals to impose a six-month suspension of mining activities in order to allow for a full audit and revalidation of licences.“The Forum observed that illegal mining has become a major contributory factor to the security crises in Northern Nigeria. “We strongly recommend a suspension of mining exploration for six months to allow proper audit and to arrest the menace of artisanal illegal mining,” it said.To strengthen the fight against insecurity, the governors also announced the creation of a regional Security Trust Fund.Under the proposed arrangement, each state and its local governments will contribute ₦1bn monthly, to be deducted at source under an agreed framework.They said the fund would help provide sustainable financing for joint operations, intelligence-driven interventions and coordinated security responses across the region.At the end of the meeting, the Forum reaffirmed its commitment to unity and collective responsibility.“Only through unity, peer review and cooperation can we overcome the pressing challenges before us,” it declared.The Forum agreed to reconvene on a date to be announced.Meanwhile, Nigeria’s worsening security crisis took a grim turn on Monday as bandits launched fresh attacks in Kano State, abducting 25 villagers, even as the Federal Government raced to secure the release of more than 300 Catholic school children kidnapped in Niger State.In the early hours of Monday, armed bandits invaded Unguwar Tsamiya—popularly called Dabawa—in Shanono Local Government Area of Kano State, whisking away nine men and two women after shooting into the air and assaulting residents. The attackers also rustled two cows.A resident lamented the community’s helplessness: “We cannot do otherwise; most of us cannot leave because we have nowhere to go. This is our place, our land and everything is here.”The assault came less than 24 hours after a similar attack on Yan Kamaye in Tsanyawa LGA, a community along the volatile Katsina border.In Niger State, National Security Adviser Nuhu Ribadu has assured distraught families of St. Mary’s Co-Education School, Kontagora that the more than 300 students and staff abducted on November 21 will return home “soon.” Ribadu, who led a high-level federal delegation to the school on Monday, said the abductees are safe, though he offered no specifics on their location or the status of rescue operations.According to Daniel Atori, spokesman for the Catholic bishop overseeing the school, the NSA reassured officials: “The children are where they are and will come back safely.”The St. Mary’s attack is part of a worrying resurgence of mass kidnappings reminiscent of the 2014 Chibok schoolgirls’ abduction. Security analysts warn that banditry has evolved into a “structured, profit-seeking industry,” with hundreds of Nigerians abducted in November alone.The Kontagora school abduction occurred the same week 25 girls were kidnapped in Kebbi State—victims who authorities say have since been rescued through “non-kinetic” means. About 50 of the St. Mary’s hostages have also managed to escape.Ribadu’s delegation, which included the Minister of Humanitarian Affairs and the Director-General of the Department of State Services (DSS), reaffirmed the government’s commitment to securing the freedom of all abducted citizens.As communities from Kano to Niger continue to bear the brunt of these violent incursions, the escalating spate of kidnappings underscores the urgent national demand for a more decisive and coordinated security response.

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Abacha Loot Probe: Malami Faces EFCC Panel Daily in December

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Abubakar Chika Malami SAN Attorney General
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By David Torough, Abuja

The Economic and Financial Crimes Commission (EFCC) said former Attorney‑General of the Federation and Minister of Justice,  Abubakar Malami, will face a team of interrogators at its office daily throughout December.

A credible source in the EFCC said on Monday that the daily appearance was part of an ongoing investigation into the whereabouts of an alleged 490 million dollars Abacha loot secured through a Mutual Legal Assistance (MLAT) request.
The source said that Malami, who was summoned for interrogation by the EFCC on Saturday, was barred from leaving Nigeria for the next one month.According to the source, one of the conditions for his release on Saturday was that he should report daily to the EFCC Headquarters in Abuja for further interrogation.
The source said Malami would have to appear daily at the anti-graft office due to the volume of the investigation and the seriousness of the charges against him.”We seized his passport, it is the normal routine during investigation, but he has to report at the EFCC headquarters in Abuja every day for the next month.”He will be reporting for further investigation throughout December.”He will be reporting every day, starting from Dec. 1st to Dec. 31st.He will appear before the team of investigators for the entire month of December.”He will be reporting to EFCC for investigation for the period because of the volume of the investigation and the seriousness of the charges against him,” the source added.According to the source, a fact sheet on the former minister revealed that Malami had several issues to clarify with the EFCC within the coming weeks.“We have asked him to explain the whereabouts of the $490 million Abacha loot secured through MLAT.“We didn’t say he stole money, but he should account for the loot. This is one of the issues he will clarify to our investigators.”The commission cited the large volume of documents he must review and the need for extensive interviews as reasons for seizing his passport.The source said EFCC would not engage in a war of words but would release its findings after a thorough investigation.Malami, in a statement by his media aide, Mohammed Doka, on Monday in Abuja, however, described the EFCC investigation as a political witch‑hunt.He confirmed he honored an EFCC invitation on Nov. 28, describing the engagement as fruitful and expressing confidence that the probe would vindicate him.Malami described the EFCC’s allegations as baseless, illogical and devoid of substance, insisting they collapse under factual scrutiny.

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