Dr. Fred Latimore Oghenesivbe, Chief Executive Officer of Delta State Orientation and Communications Bureau, has called on President Bola Tinubu and the federal government to halt the importation of Premium Motor Spirit (PMS) and fully utilize the Dangote Refinery until the nation’s four refineries are operational. Speaking on a national radio public affairs program on Friday, Dr. Oghenesivbe emphasized the urgent need to address the economic hardship exacerbated by ongoing national protests, which have tarnished Nigeria’s global image.
Dr. Oghenesivbe pointed out that the Dangote Refinery in Lagos has the capacity to refine and distribute petroleum products across Africa, suggesting that leveraging this resource could stabilize the nation’s economy. He argued that the protests are negatively impacting Nigeria’s stock market and deterring foreign direct investment (FDI).
As a member of the Nigerian Institute of International Affairs (NIIA), Dr. Oghenesivbe urged proactive measures to alleviate the acute hardship in Nigeria. He criticized the federal government for not capitalizing on the economic benefits offered by the Dangote Refinery, stating that such a partnership could reduce the pump price of petrol, save billions spent on fuel importation, and strengthen the Naira.
“By supplying Dangote Refinery with sufficient crude oil and allowing payments in local currency, the federal government can significantly cut costs related to fuel importation and subsidies,” Dr. Oghenesivbe said. “This move would also help reduce the prices of essential commodities and transportation costs.”
Dr. Oghenesivbe appealed to President Tinubu to reverse harsh economic policies that have contributed to widespread poverty, hunger, and unemployment. He condemned the continued spending on fuel importation post-commissioning of the Dangote Refinery, describing it as economically retrogressive and a disservice to the nation.
“Nigerians deserve to benefit from their country’s resources without the burden of poverty and hunger caused by fuel importation,” he stated. “The international community is observing Nigeria’s mismanagement, which has led to nationwide protests against poor governance.”
He urged the federal government to adopt economic strategies that prioritize the welfare of Nigerians, reduce the cost of governance, and promote economic growth and prosperity. Dr. Oghenesivbe called for President Tinubu to address the grievances of protesting Nigerians, who are suffering due to harsh economic conditions.
“If President Tinubu truly represents the people who voted for him, he must address their needs and implement policies that ensure their well-being,” Dr. Oghenesivbe concluded. “It’s time for the federal government to plan and execute economic policies that foster prosperity for all Nigerians.”
