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FG halts NNPCL’s move to cancel crude deal with Dangote – FG

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The Federal Government on Tuesday stepped in to halt the move by the Nigerian National Petroleum Company Limited (NNPCL), from ending its deal with Dangote Refineries Limited to purchase crude oil in Naira instead of dollars, a move which sent worries across the country.

Against the backdrop of apprehension by Nigerians that the recent reliefs they have been enjoying due to the marginal reduction in the prices of the Premium Motor Spirit (PMS), otherwise known as petrol from Dangote would be short-lived as a result, the government, said the Naira-for-Crude deal between would remain intact.

Femi Soneye, NNPCL spokesman, who confirmed the move, had explained on Monday that the deal signed with Dangote, the first private refinery in Africa, in October last year, was for six months and due to be renegotiated by the end of March, 2025.

But Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), at a meeting with the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), said the agreement, approved by the Federal Executive Council (FEC), was still in effect.

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Stressing that though the NNPCL operated a private sector model, the government still had limited control over major decisions, adding that operators in the oil and gas industry were free to transact business in any currency.

Hear him: “Government is not canceling it. What was taken to council was a pilot scheme where they said NNPC should be selling crude in Naira to Dangote Refinery. We’ve always encouraged people to buy crude in whatever currency. Even if you buy in Naira, it’s going to be at a prevailing exchange rate. And I do know that people have been buying crude to refine in their respective local refineries in Naira.

“The dispute has always been, what is the exchange rate? Which the government is not involved. It is purely private sector issue. If you are in the upstream and you have a modular refinery next to you and the man wants to buy crude, it’s between two of you that would negotiate and agree on what price. And the person may decide to pay you either in dollars or in Naira.

“We’ve always done that. So, it is not true that the scheme is canceled. Not at all. That one that was taken to FEC was a scheme specifically for Dangote Refinery and they said orders will also follow. And that was why that one didn’t include the crude for Naira from IOCs and other operators. It was basically only NNPC.

“But that doesn’t mean that Dangote doesn’t buy crude from other operators. They buy. But that Naira for crude scheme was basically between NNPC and Dangote Refinery.”

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The Minister explained that in order for NNPC to operate and compete with other national oil companies across the globe, the Petroleum Industry Act made NNPC a private sector driven company so that the country can maximize the opportunities existing in the industry.

“And so NNPC take decisions that they feel is best for Nigeria in the industry with limited government interference. That doesn’t mean that we can’t call them to order from time to time because they are a national oil company.

“But the point I’m making here is NNPC has a measure of independence now so that they can make proper business decisions that will be best for Nigerians.”

Expressing the commitment of the government to continue to support the downstream sector, pointing out that there are more opportunities in the downstream than in the upstream sector, he urged the retailers to open Compressed Natural Gas, CNG, points in their outlets because the government saw gas as the country’s transition fuel.

Billy Gillis-Harry, PETROAN President, who expressed the support of the group for the Naira for Crude policy, which he said had helped to reduce the cost of petrol, added that while the group fully supports the local refining of crude oil, it urged the government against placing restrictions on petrol importation.

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He argued that petrol import has ensured that local refineries maintained export parity price with consumers benefiting from the competition between imported and locally refined products.

“And also importation of products should no longer be ruled out because we want to be able to compete favourably in a fully liberalized economy where every source of petroleum product is allowed and we as the most critical downstream grassroots participants in the industry should be able to tell you sir, when one product is very good and when one product is affordable and how it can work.

“So we want to advocate that refineries should work and importation also should be considered as one of our sources of getting product. This will drive healthy competition and guarantee that our domestic prices will not be above import parity thereby ensuring the best possible, affordable product with sustainability of petroleum products,” he stated.

He commended Lokpobiri for the achievements recorded in the oil sector since he became Minister in 2023 including improvement in oil production, reduction in oil theft and the coming onstream of local refineries.

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Obikeze, globally-acclaimed medical doctor, becomes Healthnomics’ MD-CEO

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Obioma Obikeze, an internationally-acclaimed medical doctor will on April 1, assume duties as its new Managing Director and Chief Executive officer (MD-CEO) of Healthnomics HMO Plc, in a move the organisation, said is to tap his huge experience in healthcare policy and financing as well as strategic leadership and expertise in health insurance and managed care operations.

A statement by the organisation, announcing the appointment, cited Obikeze’s background including his transformative roles at the Federal Medical Centre Yenagoa, where he led significant operational enhancements in health insurance and managed care programmes, saying his commitment to excellence in healthcare leadership remained evident from his recent tenure as Acting Head of Clinical Services and Training at his institution.

The statement, signed by Kenneth N. Ozoilo, a Professor and Chairman, Board of Directors, said further relished the quality of the new organisation’s boss, saying with a medical degree from the University of Nigeria, a fellowship of the West African College of Physicians, and a master’s degree in epidemiology and medical statistics from the University of Ibadan, fitted perfectly into the company’s desires and mandate.

“Obikeze was also a World Bank Exchange Scholar at the Heller School for Social Policy and Management at Brandeis University, Massachusetts, USA, graduating with a master of science (MS) in International Health Policy and Management. He also holds certifications in Health Care Financing for Universal Health Coverage from prestigious institutions like the World Health Organization, Geneva, Switzerland, and Heidelberg University, Germany.

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“We are pleased to have Dr. Obioma Obikeze lead our team. His exceptional expertise, track record, and uncommon commitment make him the perfect candidate to guide our organization towards impactful healthcare solutions for our clients,” Ozoilo, said.

On his part, the new MD-CEO, was quoted as saying: “I am thrilled to lead Healthnomics HMO Plc on our mission to redefine healthcare quality through responsible and accountable purchasing arrangements. Our dedicated team is focused on enhancing health outcomes, elevating the patient experience, and fostering positive collaborations and accountability with our stakeholders.”

Ozoilo, who described the company as described as a visionary Health Maintenance Organisation driven by its mission to enhance access to quality and affordable healthcare services to individuals, families, and corporate organisations at affordable costs. We work to improve health outcomes, enhance responsible patient experience, and make a positive impact on our communities.

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I don’t regret my insult on Oby Ezekwesili, she deserved it – Nwaebonyi

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Onyekachi Nwaebonyi, Senator representing Ebonyi North Senatorial District, at the National Assembly, is still talking tough hours after raining expletives on Oby Ezekwesili, former Minister of Education, calling her a thug, an old woman with smelly mouth among others during an engagement in the Senate, on Tuesday.

The ugly encounter took place at the sitting of the Senate Committee on Ethics, Privileges, and Public Petitions during the commencement of hearing on the petition of sexual harassment brought by Natasha Akpoti-Uduaghan, the Senator representing Kogi Central against Godswill Akpabio, Senate President.

Contrary to the belief in some quarters that he spoke in the heat of the moment and on reflection would be regret the words he used at the former Minister, before then Vice President of the World Bank for Africa, Nwebonyi, palpably still burning with anger, told his host on Politics Today, a public affairs programme on Channels Television on Tuesday evening, that he had no such regrets.

Justifying his obstinate position, he accused the former Minister of bringing the insults on herself deservedly for ordering him to shut up, even when she knew she was speaking to a Senator of the Federal Republic of Nigeria, adding that such insult to his person would never be allowed.

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Hear him: “It started when she was asked to be an oath because she said she was a witness. She said, ‘no she can’t be on oath, she can’t oath.’ As a person, I said I am willing to be sworn on oath so that I can give my own evidence. I was addressing the presiding office. She turned to me and said, ‘Will you shut up your mouth, you are a hooligan.”

Absolving himself of blame at the choice of his word in which he thundered: “How can I regret the scenario? I gave it to her. Is it fair for her to address me that way? As a former minister of the federal republic and a grandmother, ask her first.”

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Why I asked Nwaebonyi to shut up – Oby Ezekwesili

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Oby Ezekwesili, former Minister of Education, on Tuesday, gave further details on the altercation between her and Onyekachi Nwaebonyi, Senator representing Ebonyi North, at the National Assembly, during the commencement of hearing of the sexual harassment case filed against Godswill Akpabio, Senate President by Natasha Akpoti-Uduaghan, Senator representing Kogi West.

At the Senate Committee on Ethics, Privileges, and Public Petitions, the two had engaged each other in a shouting match, using unprintable names, with the Senator virtually going overboard to as much as calling the former Vice President of the World Bank, a whore.

A guest at Prime Time, a public affairs programme of ARISE NEWS Network, hours after the incident, the former Minister admitted telling the Senator to shut-up, but explained that it was because the team of Akpoti-Uduaghan, was overly stressing Senate rules over the constitution and giving undue preference to the Akpabio camp.

Giving a detailed account of the encounter, she said: “I was there as the Chair of the global body known as the Women Political Leaders. It is based in Brussels, but it is a global body for all women who have been Presidents or former Presidents, Prime Ministers, parliamentarians and members of cabinet of countries.

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“So, it is a global flagship for women political leadership. And so, I was there as a witness on her side on the basis of the expert knowledge that we have over this issue around the world. It is based on data that this is a problem. One out of every three women, has faced one form of sexual-based violence or the other. And so, a lot of countries are paying serious attentions to it, because it is inimical to the society.”

The former Minister who was present at the hearing alongside Abiola Akiyode-Afolabi, lawyer to Zubairu Yakubu, who raised the petition on behalf of the Kogi Senator, one in the four females in the 10th Senate, narrated how the petitioners raised the issue of bias against the committee, said she became more displeased, when the committee tried to dismiss the Natasha team as unserious.

“In fact the words they used was that ‘we do serious things here, we don’t have time for unserious things.’ At that time, I had my hand up and I said, ‘I actually think that was a wrong use of words, we are not unserious people, this is a serious matter.’ Many conversations went on. Eventually, the Senate Ethics Committee, decided that based on the fact that the petitioner was saying that he wasn’t going to go into his main petition until they assured him that on the two objections that he had, they said, it meant we were not ready to engage on the matter.

“Then, suddenly, they also said, by the way, this matter is sub-judice because there are two cases in court and they mentioned the case of the wife of the Senate President and that on the basis of that they actually really shouldn’t… it was at that point that Dr. Abiola said, what’s the point, why are we here?

“When all that was going on, then, this Senator, who I would not acknowledge by mentioning his name, he then said if they are not ready about giving any testimony, I am here representing the Senate President as a respondent. I’m prepared to speak because we can’t continue with this. Then I said to him, ‘can you please shut up?’ Because we were just told that we couldn’t speak. And you have been speaking without any form of an equivalent treatment.

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“You said we couldn’t speak because we were not ready to go into any conversation without our objections being addressed. Yes I said that. But he was already provoked, by the fact that he felt that we were not serious. Part of what inflamed it was that the petitioner said, by the way, it is this Senator that made a lot of statements about my Senator in words that were not complimentary.”

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