NNPC Dismisses Protests Calling for CEO Kyari’s Resignation, Says He Isn’t Responsible for Fuel Price Hike
Confidence UbaniNovember 5, 20241 Mins read324 
The Nigerian National Petroleum Company Limited (NNPCL) has dismissed recent protests demanding the resignation of its Group Chief Executive Officer, Mele Kyari, over rising petrol prices. NNPCL spokesperson Olufemi Soneye stated that Kyari is not responsible for the price increase. He attributed the nationwide fuel price hike to increased import costs.
“Unfortunately, the protesters lack understanding of the sector. If they were informed, they would know that the GCEO is not responsible for the fuel price increase. In fact, he ensured Nigerians had access to fuel at N620 per litre for over a year, even when the landing cost was above N1,100”, he told media.
Earlier, some protesters gathered at NNPCL’s headquarters in Abuja to demand for Kyari’s resignation over the nationwide increase in petrol prices. The protests were organized by civil society groups who stated that Kyari’s leadership has failed to address ongoing issues in the oil sector. The demonstrators called for an end to what they described as a fraudulent fuel subsidy system.
They further argued that full deregulation would bring transparency and competition to the sector. Protest leaders alleged that the importation of adulterated fuel has harmed vehicles and livelihoods across the country.
“NNPC Ltd. does not import adulterated fuel. If anyone has evidence to the contrary, they should bring forward samples of any such fuel imported by NNPC”, Soneye stated in his response.
He claimed that group and individuals were motivated by selfish interests to distract the NNPCL from achieving President Bola Ahmed Tinubu’s roadmap for the sector. This, according to him, involves ensuring energy security for Nigeria.
Meanwhile, petrol prices have skyrocketed significantly under the current administration. This has intensified economic pressures on Nigerians. Data from the National Bureau of Statistics (NBS) showed that the average price of petrol in Nigeria rose by 24 per cent in September, from N830.46 per litre in August to N1030.46. The rising cost of petrol has driven up expenses in transportation and food and pushed inflation to 32.7 per cent in September.
Read More:
- Nigeria’s Power Grid Collapses Again, Marking the Tenth Collapse in 2024
- Burkina Faso President Traoré Uncovers Massive Embezzlement Scandal in Humanitarian Ministry
About The Author
%s Comment
Leave a Reply
Related Articles
Cotê D’Ivoire: Thousands Rally in Abidjan as Opposition Demands Electoral Reforms Ahead of October Election
Thousands of opposition supporters gathered in Abidjan on Saturday, May 31, to...
Togo Stops Issuing Mining Permits to Reform Outdated Mining Code
Togo has suspended the issuance of new mining permits for prospecting and...
ICYMI: Ghana Shuts Down Washington Embassy Over Visa Fraud Scandal
Ghana has temporarily closed its embassy in Washington, D.C., following the uncovering...
Confederation of Sahel States Moves to Establish Joint Judicial Body
The Confederation of Sahel States (CSS), comprising Mali, Niger, and Burkina Faso,...
I do trust all the ideas youve presented in your post They are really convincing and will definitely work Nonetheless the posts are too short for newbies May just you please lengthen them a bit from next time Thank you for the post