NNPC and challenges in the oil sector: Of misconceptions and bias, By Olufemi Soneye

A petrol pump nuzzle

For Banire, NNPC Ltd is responsible for everything that is wrong in the oil sector. He even blames smuggling and the unauthorised sale of petroleum products to street urchins who, in turn, trade it in the black market in jerry cans on the NNPC Ltd. But does he have evidence that the unpatriotic marketers who divert petroleum products meant for local consumption to neighbouring countries are staff members or representatives of the NNPC Ltd?

In the face of the challenges in the oil sector, particularly the current tightness in the supply of petrol, it has become fashionable to blame the national oil company, the Nigerian National Petroleum Company Ltd (NNPC Ltd), for everything. Last week, it was Professor Pat Utomi who railed and fumed at the NNPC Ltd, calling it one of the most opaque and unreliable companies in the world. Before then, The PUNCH had published an editorial in which it described the NNPC Ltd as a danger to Nigeria. The latest of these vitriolic attacks is…

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NNPC and challenges in the oil sector: Of misconceptions and bias, By Olufemi Soneye

 

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