It betrays each iota of widespread sense to suppose {that a} nation with a considerable a part of its earth’s crust full of crude oil is presently going through an existential risk on account of a man-made power disaster. Regardless of being considered one of Africa’s largest oil producers, Nigeria is at the moment, unable to refine a drop of crude oil after over six a long time of oil exploration. Whereas ‘on a regular basis Nigerians’ proceed to groan below the tough realities which can be a results of this abnormality, what they need to now perceive is that the crux of their downside is tied to a specific oligarchy that has sworn to take care of a stranglehold on the nation and her prospects.
There’s a consensus amongst financial consultants that refining petroleum merchandise, particularly Premium Motor Spirit (PMS) regionally is one panacea that may assist finish the lingering power disaster going through Nigeria at the moment. Slightly than repair them, the Nigerian authorities has continued to seem hopeless within the face of their collapse. It’s quite baffling that whereas nations with out a barrel of oil like Singapore have native refining capacities and are even exporting petroleum merchandise, the deliberate refusal by successive governments in Nigeria to place in place infrastructure that may drive the method factors to the extent of hypocrisy prevalent amongst Nigerian leaders. However even past the hypocrisy, it leaves one questioning why a rustic’s leaders will hate their nation a lot.
For a few years, successive governments in Nigeria have continued to bandy staggering figures they maliciously claimed to have ploughed into turn-around upkeep of refineries however there’s nothing virtually on floor to point out for such spending. Each authorities since 1999 has made fixing Nigeria’s unprofitable refineries to useful capability a serious marketing campaign promise which is forgotten as quickly as they assume workplace. To place it mildly, Nigeria has spent over twice the price of constructing new refineries on the moribund refineries which turned out to be extravagant conduit pipes for the looting of the nation’s patrimony.
Each real effort which has been focused at discovering lasting options to the lingering downside which has saved Nigeria on her knees has at all times been met with stiff resistance from components within the system who’re benefiting from the absurdity. Apparently, most of those components are both Fulani Northerners or their southern stooges.
These components are the explanation none of Nigeria’s 4 refineries is functioning at the moment. Slightly than fixing the prevailing refineries, they’ve insisted that the petroleum merchandise, wanted by Nigerians be imported simply to permit them to earn staggering figures as subsidy funds. In keeping with a report by the Nigerian Financial Summit Group (NESG, between 2018 and 2022, the subsidy regime which President Muhammadu Buhari had earlier claimed had ended, gulped N9.64 trillion of Nigeria’s assets. The report acknowledged that petrol subsidy grew from N307 billion yearly in 2015 to N2.77 trillion in 2022. Many Nigerians have no idea that, these components who’re benefiting from the subsidy regime that’s behind the conspiracy to punish Nigerians and make native refineries non-functional. It’s estimated {that a} refinery prices between $15-19 billion. From the figures above, the stolen cash lining non-public pockets can construct at the least one further refinery, if no more.
Learn Additionally: Who Is Behind The Oil Theft In Nigeria?
Earlier than Nigeria’s former President, Muhammadu Buhari got here to energy, he was amongst those that spoke in opposition to and resisted the elimination of gas subsidy. He even branded it a rip-off. Nigeria’s incumbent President, Bola Tinubu viciously kicked in opposition to the coverage in 2012, even calling the then President Jonathan a number of unprintable names within the course of.
Refining petroleum merchandise regionally is undeniably one immutable answer that successive governments have chosen to intentionally ignore. As a matter of truth, they perceive that native refining is not going to solely drastically scale back the massive sum spent yearly to service fraudulent subsidy regime, however it’s going to additionally create extra jobs in the long term. To additional reveal how sinister these components are, they used authorities equipment to make sure that the correct case of constructing modular refineries misplaced steam. They did this as a result of they clearly understood that subsidy funds have been unsustainable they usually wanted a brand new strategy to proceed the heist. To make sure that they maintain their stronghold on Nigeria’s socio-economic jugular, they’ve created a monopoly for his or her Aliko Dangote within the petroleum business.
Many Nigerians haven’t bothered to ask themselves how Dangote managed to succeed along with his refinery in a rustic the place tons of of licenses to construct refineries have turn into ineffective to their holders. The one purpose Dangote succeeded in elevating over $9 billion to construct a 690,000bpd refinery is that whereas others sought funding to erect refineries and failed at it – Dangote was capable of line up native and worldwide bankers to finance the refinery venture. The Kano-born vicious capitalist was even capable of convert the Central Financial institution of Nigeria into his non-public financial institution out of whom he squeezed over $6 billion in two years to channel to the refinery venture. It was so brazen that Nigeria’s grossly incompetent Central Financial institution Chief, Emefiele brazenly boasted that in making certain the profitable completion of the venture, CBN needed to even present over N125bn to cowl the home foreign money necessities of the enterprise, whereas additionally making certain the supply of overseas trade to pay for the importation of among the equipment.
Nigeria is a rustic the place parochial pursuits have overwhelmed the nationwide curiosity. Actually, these components have succeeded in making certain that the curiosity of the Fulani Oligarchy has been shoved down the throats of Nigerians as what is usually criminally described as ‘Nationwide curiosity’.
Crude oil which is meant to be a blessing bestowed on Nigeria by nature has turned out to be an enormous curse and an albatross to the nation. It’s unbelievable! The ever-domineering Fulani has ensured that it has planted their associates, acolytes, and loyalty within the corridors of energy simply to be sure that they’re the only real beneficiaries of the human-made issues they visited upon Nigeria. If a single particular person referred to as Dangote might construct a refinery with a processing capability of 650,000 barrels per day inside three years, a severe people-oriented authorities will do extra and higher. However that’s merely an phantasm as a result of Nigeria has by no means had a authorities that was sincerely people-oriented. It’s even weirder to consider the truth that successive authorities which didn’t construct one refinery in over twenty years has now turn into a shareholder in a privately owned Dangote refinery. It clearly, paints a transparent image of how the nation is run and operated by this harmful Fulani cabal.
It’s not information that lots of the oil blocks allotted in Nigeria previously have been executed to favour individuals from Northern Nigeria. Many of those components have now turn into richer than their states and geo-political zones. Nigeria is a felony enterprise the place oil blocks are awarded on the discretion of the president by means of the petroleum minister largely with none clear course of. It’s no secret that many previous public officers, significantly those who served through the army period are at the moment proud homeowners of oil blocks courtesy of the evil Fulani cabal, with a few of them promoting the blocks for billions of {dollars}. Satirically, regardless of proudly owning and controlling monumental wealth, these Northern components haven’t executed something in regards to the poverty, drug abuse, insecurity, and different threatening conditions within the Northern area.
To additional paint a vivid image of how demonic these components are, they’re the identical individuals who have sworn that the Niger Delta will proceed to undergo environmental degradation. These rich operators within the oil sector are those chargeable for the theft of oil and unlawful bunkering within the area.
As issues stand at the moment, Nigeria is the one member nation of the Organisation of Petroleum Exporting International locations (OPEC) that also imports 90 to 95 % of refined petroleum merchandise to satisfy its home consumption. For different OPEC member nations, the reverse is the case – nearly each different OPEC member nation meets its home wants for refined petroleum merchandise by means of home refining. This aberration has to cease and it should cease.
In conclusion, Southern Nigerians should begin making deliberate and consciously-intentional efforts to get the nation restructured as a method to ending the depraved domination and subjugation by the Fulani Oligarchy who see the nation as their private property. It’s time to insist on working a restructured Nigeria, backed by a structure agreed upon by Nigerians, and never a army imposition. Going ahead, it ought to be #Restructure or #Burst for indigenous Nigerians. Nigeria shouldn’t be an acquired property of the Fulani and their surrogates.
