Joseph Obele, President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), expressed displeasure in President Bola Tinubu’s lack of interest in modernizing the country’s refineries.
He chastised the President for recommending ineffective remedies to the country’s economic problems.
Speaking in Port Harcourt, he cited Tinubu’s reference in his nationwide broadcast of allocating billions of naira for various palliatives, student loans, and free buses. He questioned why the President and his staff couldn’t spend in restoring the status of all refineries in order to address the subsidy withdrawal issue.
Obele criticized the President’s speech for lacking insight into how Nigeria could overcome its persistent economic problems. He argued that the proposed palliatives would be inadequate for solving the country’s issues.
He suggested that instead of spending billions on these temporary measures, the government should focus on fixing the refineries. He said, “President Tinubu is interested in foreign refineries from which Nigeria purchases fuel”. “He’s not saying anything about fixing the refineries”.
Obele said that the price of fuel will remain expensive until Nigeria’s refineries are functional. He urged the President to address the root cause of the problem rather than provide temporary solutions.
He argued that without functional refineries, Nigeria’s economic conditions would continue to deteriorate, causing more problems, pain, and hardship for its citizens.