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Thursday, November 14, 2024

DEBATE HEIGHTENS OVER KYARI’S ROLE AMID FUEL SCARCITY AND $6B DEBT CRISIS

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The ongoing fuel scarcity in Nigeria, coupled with a significant $6 billion debt crisis at the Nigerian National Petroleum Company (NNPC) Ltd, has intensified discussions about the future of Mele Kyari, the head of the NNPC. Recent developments have led to calls for Kyari’s dismissal, with critics blaming him for the crisis despite not holding the position of Minister of Petroleum, which is currently occupied by President Bola Tinubu.

Key Developments:

  • Fuel Price Hike: On September 3, 2024, the NNPC raised the pump price of petrol from approximately ₦600 to ₦855 per litre at some filling stations, with prices in other areas exceeding ₦900 per litre. This increase has further strained Nigerians, impacting transportation fares and essential food costs.
  • Kyari’s Role Under Scrutiny: Kyari faces increasing pressure and criticism amid the ongoing crisis, with debates focusing on whether he should be held accountable or dismissed. Despite being in charge of NNPC, Kyari’s responsibilities do not extend to setting fuel prices, which is under the purview of the federal government.
  • Civil Society Reactions: The Forum of Civil Society Organisations of Nigeria, represented by Comrade Friday Maduka and Dr. Akbar Abubakar, has defended Kyari, criticizing those calling for his dismissal as lacking understanding of the oil sector’s complexities. They argue that Kyari’s efforts are aimed at addressing deeper issues within the industry.
  • Diaspora Protests: In response to the NNPC’s admission of a $6.8 billion debt, Nigerians in the diaspora are organizing major protests in London and New York. Led by Kolawole Akinmosu, they are demanding Kyari’s arrest and prosecution for alleged mismanagement, corruption, and violations of international sanctions. The protests are set to coincide with the United Nations General Assembly (UNGA) in New York, with a significant turnout expected.
  • Government Response: Vice President Kashim Shettima has summoned Kyari and the Minister of State for Petroleum Resources, Heineken Lokpobiri, for discussions aimed at addressing the fuel crisis and the associated debt issues.

The ongoing debates and protests highlight the growing discontent among Nigerians and international observers regarding the management of the country’s oil sector and the broader implications of the fuel crisis.

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