Expert Tasks FG on Designing Domestic Refining Development Framework

Hammed Shittu in Ilorin 

A multi dimensional energy expert, Abdulrazaq Hamzat, at the weekend called on the federal government  to urgently design a Domestic Refining Development Framework (DRDF) that will serve as a pathway to ensure competition and fair market balance in the oil sector of the country. 

The enery expert however urged the federal government, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and the Nigerian National Petroleum Company Limited (NNPC Ltd) to consider the proposed framework to  achieve the desired result in the sector.

Speaking with newsmen in Ilorin yesterday on the state of the nation,  Hamzat said that,  such designs  would go a long way of boosting local competition and accelerate the socio-economic development of the country.

According to him,  “Nigeria has conquered one aspect of its petrol challenges with the success of Dangote refinery  but reliance on a single privately owned mega refinery poses long term risks to pricing, supply security, and energy sovereignty therefore calling on government to develop framework for local refining competition.” 

While commending Dangote’s $20 billion refinery as a landmark private investment, he stressed that true national benefit lies not in monopoly, but in a competitive domestic refining ecosystem.

According to him, It is unwise to encourage fuel importation just to create competition for Dangote.

The post Expert Tasks FG on Designing Domestic Refining Development Framework appeared first on THISDAYLIVE.

​  

  • Related Posts

    Chevron Shines at Gbaramatu Voice International Anniversary awards

    Chevron Shines at Gbaramatu Voice International Anniversary awards

    Sylvester Idowu in Warri 

    Chevron Nigeria Limited hasreceived Community Partnership Award from Gbaramatu Voice International media at the Niger Delta Night of Honour event to mark the organization’s 10th Anniversary at Transcorp Hilton Abuja.

    The award presented by the Chairman Editorial Board, Gbaramatu Voice International, Prof. Tosan Blessing Harriman was received by Victor Anyaegbudike, Manager Communications, Chevron Nigeria and Mid-Africa Region.

    Presenting the award, the Editorial Board Chairman highlighted Chevron’s commitment and efforts in creating and sustaining collaboration with its community stakeholders for socio-economic development in the Niger Dela region. He extolled Chevron’s partnership with Gbaramatu Voice International in its commitment to development journalism, advocating sustainable change and enhancing the rich cultural diversity of the region.

    Receiving the award on behalf of Chevron Nigeria, Mr Anyaegbudike congratulated Gbaramatu Voice International on its 10th Anniversary Celebration. He noted that Chevron has been in Nigeria for over 60 years, contributing to the growth and development of the country and making human investments that deliver long-term transformative returns.

    “We recognize that the success of the larger society invariably translates to success in our business; and we believe it is in our long-term interest to add value to society as we create value for our stakeholders.  Chevron believes that affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world,” he remarked.

    The post Chevron Shines at Gbaramatu Voice International Anniversary awards appeared first on THISDAYLIVE.

    ​  

    Sylvester Idowu in Warri  Chevron Nigeria Limited hasreceived Community Partnership Award from Gbaramatu Voice International media at the Niger Delta Night of Honour event to mark the organization’s 10th Anniversary
    The post Chevron Shines at Gbaramatu Voice International Anniversary awards appeared first on THISDAYLIVE.

    Tinubu Mourns Ex-IG Arase

    Tinubu Mourns Ex-IG Arase

    . .Condoles Catholic faithful over demise of ex-Bishop of Nsukka diocese, Francis Okobo

    Deji Elumoye in Abuja

    President Bola Tinubu has commiserated with the Nigeria Police Force (NPF) over the demise of the 18th indigenous Inspector-General of Police (IGP), Solomon Ehigiator Arase, aged 69.
    Arase’s reforms as IGP and later as Chairman of the Police Service Commission brought lasting changes to the force.
    The President, in a release issued by his Adviser on Information and Strategy, Bayo Onanuga, commiserated with the family, friends and associates of the highly resourceful officer.
    President Tinubu acknowledged the dedication of the former IGP to enhancing security in the country, through initiatives such as the Intelligence Response Team, the Complaint Response Unit, and Safer Highway Patrols.
    Reflecting on Arase’s laudable service to the country, the President remarked, “Arase served the police force meritoriously from 1981 to 2016. During his career, he led tactical, operational, and intelligence units, including United Nations Peacekeeping in Namibia, the Commissioner of Police in Akwa Ibom, and the Principal Staff Officer to three IGPs.
    “He was Assistant Inspector General of Police in charge of Force Intelligence Bureau (FIB), and Deputy Inspector General of Police, Force Criminal Investigation Department.
    “After retirement, he continued to serve the nation in various public roles, including as Chairman of the Police Service Commission and as head of the Task Force on implementing the Edo State Anti-Community Development Association Law.
    “His expertise extended to consultancy roles with the Office of the National Security Adviser (ONSA), the European Centre for Electoral Support, the Human Rights Centre at the University of Oslo, and as a member of the Committee on Prevention of Torture in Geneva, Switzerland.
    “I pray for the peaceful repose of the soul of this dedicated security expert, whose experience and contributions will be deeply missed by our nation”.
    Also, President Tinubu expressed sadness over the passing of Bishop Francis Emmanuel Okobo, the pioneer Bishop of the Catholic Diocese of Nsukka, aged 88.
    “As the pioneer Catholic Bishop of the Nsukka Diocese, Bishop Okobo provided uncommon leadership and direction to the Catholic faithful, leading to the Church’s exponential growth in Nsukka Diocese.
    “As a priest and worker in God’s Vineyard, he lived an exemplary and impactful life, building the Church and guiding countless souls with love and wisdom,” the President said.
    President Tinubu commiserated with Bishop Okobo’s family, the Catholic faithful of Nsukka Diocese, and the people and government of Enugu State on the demise of this shepherd of the flock.
    He prayed for the peaceful repose of the revered clergyman’s soul.
    Bishop Okobo was ordained to the Priesthood in 1966 at 29 and served as a priest for 54 years.
    Following his Episcopal Ordination in 1991, he served as the Local Ordinary of the Nsukka Diocese for 34 years.

    The post Tinubu Mourns Ex-IG Arase appeared first on THISDAYLIVE.

    ​  

    . .Condoles Catholic faithful over demise of ex-Bishop of Nsukka diocese, Francis Okobo Deji Elumoye in Abuja President Bola Tinubu has commiserated with the Nigeria Police Force (NPF) over the
    The post Tinubu Mourns Ex-IG Arase appeared first on THISDAYLIVE.

    Leave a Reply

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

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    Polution: NIMASA Charges Ships Operating in Nigeria on MARPOL Compliance

    Customs Commission Advanced Cargo Screening X-ray Machine at SAHCOL

    Non-oil Exports as Fulcrum of Sustainable, Diversified Economy

    Stock Market Extend Weekly Downward Momentum, Drops by N439bn

    STOAN Congratulates NPA Boss on Election as IAPH Vice-President

    Addosser Finance Celebrates Historic Opening of First Regional Branch

    Kaduna resident doctors to begin indefinite strike September 1

    NAFDAC seals illegal cosmetic factory Shine Shine Skincare in Lagos over unsafe cosmetic production 

    Nigeria’s 70% broadband goal at risk as NCC records decline again in July 

    Nigeria records 16,000 suicides annually as Senator pushes bill to decriminalize attempted suicide 

    Jigawa State Governor unveils N1.2 billion solar mini-grid across 10 distribution transformers    

    Former Inspector General of Police, Arase, dies in an Abuja hospital

    NDLEA raids 71.5-hectare cannabis farm in Taraba, destroys 178,750kg harvest 

    FG unveils new curriculum for primary, secondary, and technical schools in Nigeria 

    Speaker directs investigation into alleged unfair recruitment exercise in National Assembly 

    Nigerian box office crosses N10 billion in revenue after 8 months  

    U.S. Embassy, consulate in Nigeria to close September 1 for Labor Day 

    Nigeria’s gas production rises to 7.59 billion SCFD as flaring drops – NUPRC

    Nigeria’s gas production rises to 7.59 billion SCFD as flaring drops – NUPRC

    Weekly Market Wrap: Nigerian stock market drops 0.50%, extends third red week 

    Top Nigerian wealthy businessmen who succeeded without university degree 

    Nigeria’s healthcare industry a driver of national competitiveness

    FG credits Naira rebound to oil receipts, diaspora remittances, and FX backlog clearance

    Nigeria’s gas flaring falls by 7.16% in July 2025 as gas production hits 7.59bscfd 

    Report: Nigerian Entertainment Industry to Grow to $13.6bn by 2028, Industry a Global Model for Export

    To Decongest Lagos Ports, NPA Moves to Revive Delta Ports, Board Meets Oborevwori, Other Stakeholders

    Cutix Q1 profit slumps amid rising input costs and mounting finance costs 

    CAC shifts implementation of new service fees to October 1, 2025 

    ICRC: 13,595 families searching for 23,659 missing persons in Nigeria

    Katsina govt revokes licences of all private and community schools

    Top 10 countries to migrate to for better salaries and career growth in 2025 

    Tetracore Energy Commissions 6.2MMscfd Phase II CNG Facility in Ogun State, strengthening Nigeria’s clean energy drive 

    Top 10 remittance apps Nigerians abroad use for sending and receiving money  

    All-Share Index posts modest 0.31% August gain — how did the sectors perform? 

    Data consumption in Nigeria hits all-time high in July despite decline in subscriptions 

    Recalibrating Nigeria’s tax-based incentive regime: From PSI to EDTI

    Naira closes August with slight gain against Dollar in Nigerian forex market