• Latest
  • Trending

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

September 10, 2024

Justice Omotosho Resigns from Nnamdi Kanu Trial Amid Global Pressure

October 25, 2025

FG Doubles Health Insurance Rates, Launches One-Hour Patient Referral Code

October 25, 2025

FG Doubles Health Insurance Rates, Launches One-Hour Patient Referral Code

October 25, 2025

Ondo Governor Aiyedatiwa Ends Salary Arrears, Vows Education Reform

October 25, 2025

Police Probe Brutal Attack Leaving Edo Man with Severed Hand

October 25, 2025

Defiled at 12, a Mother at 13: The Tragic Ordeal Behind a Pastor’s Cassock

October 25, 2025

Madagascar Revokes Ousted President’s Nationality Amid Coup Fallout

October 25, 2025

Rufai Oseni Backtracks After Abike Dabiri-Erewa Confrontation Over False Social Media Claims

October 25, 2025

Ooni of Ife and Alaafin of Oyo Seal Historic Yoruba Unity Pact

October 25, 2025

NOA DG Onilu Marks Two Years, Pledges Continued Growth and Staff Welfare

October 25, 2025

Oyo Catholic Diocese Mourns Passing of Bishop Emeritus Julius Adelakun at 91

October 25, 2025

Commissioner, police orderly die in auto crash

October 24, 2025

Why I rejected idea to make El-Rufai my successor – Obasanjo

October 24, 2025

Bauchi gov elevates brother to first-class emir

October 24, 2025

FATF Removes Nigeria from Greylist, Boosting Financial Credibility

October 24, 2025

Healthcare Assistant Jailed for Sexual Abuse of Vulnerable Mental Health Patient

October 24, 2025

Tinubu congratulates Japan’s first female PM Sanae Takaichi

October 24, 2025

Tinubu Appoints New Nigerian Service Chiefs in Major Military Shake-up

October 24, 2025

President Confers GCON Honor on Sir (Dr.) Kesington Adebutu on His 90th Birthday

October 24, 2025

N’Assembly reviews proposals for 55 new states, 278 councils

October 24, 2025

Ondo accident: Attorney-General promises justice, crackdown on truck owner

October 24, 2025

CBN Introduces Stricter ATM Regulations to Boost Security and Accessibility

October 24, 2025

Ecuador’s president raises the alarm over attempted poisoning

October 24, 2025

Nigerian-born Margaret Obi Makes Historic Appointment as High Court Judge in England and Wales

October 24, 2025

Abiodun Urges Ogun Traditional Rulers to Lead with Humility and Integrity

October 24, 2025

Troops Repel Boko Haram Attack on FOB Katarko, Neutralize 23 Terrorists

October 24, 2025

Ondo State CPS Continues Support for Children of Deceased Journalists

October 24, 2025

BCU Appoints Prof. Waheed as Vice-Chancellor

October 24, 2025

Soldier Found Dead After Chasing Stick-Wielding Attacker

October 23, 2025

NMDPRA Alerts Oil, Gas Operators on Impending Flood in Ogun, Lagos

October 23, 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

    A New Era Begins: Traffic Lights to Add Fourth White Signal for Autonomous Vehicles

    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

    Trending Tags

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

    Ooni of Ife and Alaafin of Oyo Seal Historic Yoruba Unity Pact

    Abiodun Urges Ogun Traditional Rulers to Lead with Humility and Integrity

    FULL LIST: Osimhen, Salah make CAF 2025 African male player nominees list

    Country Banned from World Cup Despite Being Larger Than UK

    WAFCON qualifier: Oshoala, Omewa, seven others arrive camp

    18-Year-Old Footballer Killed by Kidnappers After Failed Ransom

  • Lifestyle
    • All
    • Health

    FG Doubles Health Insurance Rates, Launches One-Hour Patient Referral Code

    FG Doubles Health Insurance Rates, Launches One-Hour Patient Referral Code

    Ondo State CPS Continues Support for Children of Deceased Journalists

    PCN Seals 498 Illegal Medicine Shops Across Lagos

    Ogun Unveils Free Breast Cancer Screening Clinic, Plans for 10,000 Women

    Lagos Launches Technical Group for Measles-Rubella Vaccine Rollout

    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

    A New Era Begins: Traffic Lights to Add Fourth White Signal for Autonomous Vehicles

    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

    Trending Tags

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

    Ooni of Ife and Alaafin of Oyo Seal Historic Yoruba Unity Pact

    Abiodun Urges Ogun Traditional Rulers to Lead with Humility and Integrity

    FULL LIST: Osimhen, Salah make CAF 2025 African male player nominees list

    Country Banned from World Cup Despite Being Larger Than UK

    WAFCON qualifier: Oshoala, Omewa, seven others arrive camp

    18-Year-Old Footballer Killed by Kidnappers After Failed Ransom

  • Lifestyle
    • All
    • Health

    FG Doubles Health Insurance Rates, Launches One-Hour Patient Referral Code

    FG Doubles Health Insurance Rates, Launches One-Hour Patient Referral Code

    Ondo State CPS Continues Support for Children of Deceased Journalists

    PCN Seals 498 Illegal Medicine Shops Across Lagos

    Ogun Unveils Free Breast Cancer Screening Clinic, Plans for 10,000 Women

    Lagos Launches Technical Group for Measles-Rubella Vaccine Rollout

    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

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?”

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.

Advertisement. Scroll to continue reading.

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.

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.

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

“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