The Nigerian Coalition of Civil Society Organizations (NICOCSO) has called for immediate probe of cabals insisting on importation on pms and sabotaging local refineries.
The National Spokesperson of NICOCSO, Comrade Segun Adebayo, made the call during a press conference on Wednesday in Abuja.
Comrade Adebayo condemned the actions of powerful cabal that prioritize self interest, resulting in the continued reliance on imported fuel, which drains resources and weakens the nair.
He said: “The insistence on importing PMS is detrimental to our economy, costing Nigeria billions in foreign exchange annually and leaving the country vulnerable to global market fluctuations.
“This monopolistic approach undermines local enterprises and disrupts our foreign reserves. It is unacceptable that vested interests prioritize personal gain over the collective well-being of the Nigerian people, obstructing our path toward energy self-sufficiency.
According to him, Investors such as Aliko Dangote have taken bold steps to establish local refineries like the Dangote Refinery, which holds promise for achieving fuel independence.
“Yet, this cabal has actively sabotaged such initiatives, blocking pathways for local investors and discouraging economic independence in the refining sector.
” The continued reliance on PMS importation not only restricts job creation but also diminishes the growth potential of industries allied with refining.
He urged President Bola Ahmed Tinubu, to caution the NNPC cabal led by Mele Kyari against actions that could lead Nigeria into economic crisis.
“At this critical juncture, Nigeria faces a choice: to allow exploitative practices to continue or to pursue a path of resilience and stability.
“We trust President Tinubu’s administration to act decisively, safeguarding Nigeria’s economy by holding this cabal accountable and encouraging local refining through policies that prioritize the Naira”, he said.