• Latest
  • Trending

Transparency Lacking In Oil Sector, Difficult To Determine Appropriate Petrol Price – Prof Iledare

September 10, 2024

Ondo State Launches Strategic Initiative to Decongest Correctional Centres

October 1, 2025

World’s Largest Crypto Bust: Chinese National Guilty in $6.7bn Bitcoin Fraud

October 1, 2025

FG announces end of PENGASSAN, Dangote rift

October 1, 2025

Darius Ishaku’s N27bn Fraud Trial: Witness Reveals How Funds Were Collected and Disbursed on His Instructions

September 30, 2025

Newly Called-To-Bar Edo Lawyer, Sister Freed After Kidnapping Ordeal

September 30, 2025

IGP Egbetokun Urges Newly Called-To-Bar Police Officers to Uphold Integrity

September 30, 2025

Diddy Risk 11-Years Sentence after Prostitution Conviction

September 30, 2025

Tinubu to address Nigerians on 65th Independence Day

September 30, 2025

Lagos NURTW Chieftain ‘Shamelon’ Arraigned for Murder of Dispatch Rider

September 30, 2025

Olubadan Ladoja Declares Political Exit, Embraces Role as Ibadan Monarch

September 30, 2025

Lagos State Appoints Mandy Kiss as Brand Ambassador Against Drug Abuse

September 30, 2025

Accept peace plan or face severe consequences, Trump warns Hamas

September 30, 2025

FUNAAB Alumni Bolster Partnership with FUADSI, Fuelling New University’s Promising Start

September 30, 2025

FG Begins Payment of N32,000 Pension Increment to DBS Retirees

September 30, 2025

Lagos Records Fifth Female Local Government Official Death in Two Months

September 30, 2025

Professor David Jowitt’s 60-Year Teaching Journey from Anglican Grammar School Ubulu-Ukwu to Nigerian Academia

September 30, 2025

ECOWAS Parliament Approves $26M Budget for 2026, Plans 25th Anniversary Celebration

September 30, 2025

Middle East, European leaders welcome Trump’s Gaza ceasefire plan

September 30, 2025

Fintech Founder Charlie Javice Sentenced to 7 Years for $175M JPMorgan Fraud

September 30, 2025

YouTube to pay $22 million in settlement with Trump

September 30, 2025

Prof. Olusola Oyewole @ 70: Grace, Grit, and Refired For Global Impact

September 30, 2025

Oil, Power, and Protest – Can Nigeria Balance Labour Rights with Economic Stability?

September 29, 2025

EFCC Arrests Six for Alleged Land Fraud in Uyo

September 29, 2025

SCUML Seals Two Companies in Sokoto

September 29, 2025

FORMER PRESIDENT JONATHAN’S 2027 BID: ELIGIBILITY QUESTIONS AND DISMAL RECORD TO BE SCRUTINISED

September 29, 2025

FUNAAB Alumnus Professor Rasaki Kareem Named Deputy Vice Chancellor of Crescent University

September 29, 2025

New Yayi Buses Revolutionize FUNAAB Campus Travel—Students Celebrate Affordable Comfort!

September 29, 2025

Tragic Loss: Arise TV News Anchor Somtochukwu Christelle Maduagwu Killed in Abuja Robbery

September 29, 2025

Sahel Intelligence Agencies Prepare to Expose Nigerian Politicians Supporting Bandits

September 29, 2025

Five die in Ondo road crash

September 29, 2025
ADVERTISEMENT
  • Home
  • BREAKING NEWS
  • Tech
  • Entertainment
  • Lifestyle
  • Education
    • Sports
ValidView Network - Breaking News, Nigerian News, Nigerian newspapers, Entertainment, Videos, Sports, Business and Politics.
ADVERTISEMENT
  • Home
  • BREAKING NEWS
  • Tech
    • All
    • Apps

    Nigerian Girls Triumph at 2025 Technovation Global Summit with AI Safety App

    Trump sees progress on TikTok, says will visit China

    French lawmakers urge socialmedia ban for under-15s

    The Future of Internet Connectivity in Nigeria: Opportunities and Challenges

    CBN awards OPay for financial inclusion innovation

    Why Motorcycle Prices Are Soaring in 2024

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • CELEBRATIONS
    • Gaming
    • History and Culture
    • Movie
    • Music
    • Sports

    Breaking : Nigeria world cup qualification receives boost,As FIFA Sanctions South Africa

    Ladoja Crowned 44th Olubadan of Ibadan, Ushering New Era

    BREAKING: Ladoja crowned 44th Olubadan, set to receive staff of office

    Why Ladoja’s emergence was rancour-free – Balogun-designate

    Rooney Defends Ekitike’s Red Card Celebration as “Refreshing” Despite Suspension

    Modric vs De Bruyne: Milan Hosts Napoli in Serie A Showdown

  • Lifestyle
    • All
    • Health

    WASH 94.9 FM: Nigeria’s Pioneering Health Radio Marks One Year of Empowering Wellness

    Teen Girl, 14, Dies After Alleged Secret Breast Surgery

    Covid Cases Surge in England as New ‘Stratus’ Variant Spreads

    Russia Launches Revolutionary Free Cancer Vaccine with Promising Trial Results

    Dilapidated Ipokia General Hospital in Ogun State Forces Patients to Bring Own Beds Amid Severe Neglect

    Kwara Governor Appoints Prof. Popoola CMD, Thomas Adewumi Teaching Hospital

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Education
    • Sports
No Result
View All Result
  • Home
  • BREAKING NEWS
  • Tech
    • All
    • Apps

    Nigerian Girls Triumph at 2025 Technovation Global Summit with AI Safety App

    Trump sees progress on TikTok, says will visit China

    French lawmakers urge socialmedia ban for under-15s

    The Future of Internet Connectivity in Nigeria: Opportunities and Challenges

    CBN awards OPay for financial inclusion innovation

    Why Motorcycle Prices Are Soaring in 2024

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • CELEBRATIONS
    • Gaming
    • History and Culture
    • Movie
    • Music
    • Sports

    Breaking : Nigeria world cup qualification receives boost,As FIFA Sanctions South Africa

    Ladoja Crowned 44th Olubadan of Ibadan, Ushering New Era

    BREAKING: Ladoja crowned 44th Olubadan, set to receive staff of office

    Why Ladoja’s emergence was rancour-free – Balogun-designate

    Rooney Defends Ekitike’s Red Card Celebration as “Refreshing” Despite Suspension

    Modric vs De Bruyne: Milan Hosts Napoli in Serie A Showdown

  • Lifestyle
    • All
    • Health

    WASH 94.9 FM: Nigeria’s Pioneering Health Radio Marks One Year of Empowering Wellness

    Teen Girl, 14, Dies After Alleged Secret Breast Surgery

    Covid Cases Surge in England as New ‘Stratus’ Variant Spreads

    Russia Launches Revolutionary Free Cancer Vaccine with Promising Trial Results

    Dilapidated Ipokia General Hospital in Ogun State Forces Patients to Bring Own Beds Amid Severe Neglect

    Kwara Governor Appoints Prof. Popoola CMD, Thomas Adewumi Teaching Hospital

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Education
    • Sports
No Result
View All Result
ValidView Network - Breaking News, Nigerian News, Nigerian newspapers, Entertainment, Videos, Sports, Business and Politics.
No Result
View All Result

Transparency Lacking In Oil Sector, Difficult To Determine Appropriate Petrol Price – Prof Iledare

ValidViewNetwork by ValidViewNetwork
September 10, 2024
in BOILING POINT ARENA
0 0
0
Home News BOILING POINT ARENA
ADVERTISEMENT
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
Spread the love

It will forever remain a puzzle determining the appropriate price Nigerians should pay for a litre of petrol in Nigeria, owing to the fact that almost everything regarding its operation is shrouded in darkness, an industry expert, Prof Wunmi Iledare has posited.

Iledare, a Professor Emeritus in Petroleum Economics and Policy Research at the Centre For Energy Studies Louisiana, United States, spoke as Guest Speaker on the popular monthly interview discourse, BOILING POINT ARENA on Sunday night.

ADVERTISEMENT
ADVERTISEMENT

He said lack of transparency within the Oil and Gas Sector especially proprietary data which are not being divulged to the public are factors precluding the citizenry from getting adequate price value for the essential commodity, despite nature’s endowment.

The topic of discourse was: “The Nigerian Socio-Political and Economic Quagmire: What are the Rescue Options?”

Advertisement. Scroll to continue reading.

The current affairs programme which held via Zoom and broadcast live on a radio station, Sweet 107.1FM, was hosted by a media professional and public relations consultant, Dr Ayo Arowojolu.

Foremost traditional ruler, the Olowu of Owu Kingdom, Oba Prof Saka Matemilola was the Keynote Speaker during the once-in-a-month programme which also featured another Guest Speaker, Dr Oluwatoyin Jokosenumi, a former Director at the Central Bank of Nigeria.

Prof Iledare was asked as to why a local refinery such as Dangote Petrol cannot sell for a low price despite the non-inclusion of forex component and the oft-noised issue of landing cost, to which he responded in Yoruba: “E ma tuwo rara” which literally speaking, means, “Don’t go there”.

To the erudite professor, there is a general lack of transparency and a lot of complicated intricacies in the sector.

Prof Iledare said: “There is a general lack of transparency in the oil and gas sector. E ma tuwo rara. Don’t go there at all because you will not like what you see, and perhaps suffer the consequences too. Understanding is deeper than knowledge!

“What you have in Nigeria is basically what I call transactional leaders instead of being transformational. You see, when you have a transformational leader, there’s a shared vision.

“We are having a crisis in the energy sector, especially the oil and gas sector, and the President is the main actor. This is a mis normal. That is not what the Petroleum Industry Act (PIA) anticipated. The Presidency is not supposed to be the policy institution of the oil and gas industry. It’s supposed to be the Ministry of Petroleum.

Prof Iledare lamented that there is not enough public education in the industry and what has been pervading is economic populism whereby both government and the populace favour subsidy regime that has left the country perpetually under a string of poverty as borrower.

Do you want to share a story with us?
Do you want to advertise with us?
Do you need publicity for a product, service, or event?
Contact us on WhatsApp +2348033617468, +234 816 612 1513, +234 703 010 7174
or Email: validviewnetwork@gmail.com
CLICK TO JOIN OUR WHATSAPP GROUP
ADVERTISEMENT

He condemned the current ding-dong talks between NNPCL and Dangote Group, saying it is unfortunate that Dangote is being discouraged and treated in bad manner.

“The Government blaming Dangote is a mistake because Dangote is a patriotic man that should be celebrated rather than condemn. The government must work with him such that there will be a solution to our petroleum downstream market”, he stressed.

Tags: Petrol price
Previous Post

DSS arrests Joe Ajaero, NLC President

Next Post

Crocodile, snakes, dangerous animals take over, as flood ravages zoo, houses in Maiduguri

ValidViewNetwork

ValidViewNetwork

Next Post

Crocodile, snakes, dangerous animals take over, as flood ravages zoo, houses in Maiduguri

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the latest news from ValidViewNetwork
Loading

SPONSORED ADVERT

SPONSORED ADVERT

As the Lord liveth, you are feeling bushing this 6th month better and stronger than the way you started it in Jesus Mighty Name. Our angels of good news shall locate us this month. Shalom!

  • Home
  • BREAKING NEWS
  • Tech
  • Entertainment
  • Lifestyle
  • Education

© 2022 ValidViewNetwork - Website Developed by HaybeeMultimedia.

No Result
View All Result

© 2022 ValidViewNetwork - Website Developed by HaybeeMultimedia.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist