Tinubu asked to declare state of emergency on NNPCL leadership, reason surface

• The Concerned Citizens Forum has tackled the Nigerian National Petroleum Company Limited (NNPCL)
• The radical urged President Bola Ahmed Tinubu to state a authorities of exigency connected NNPCL enactment
• According to the group, Nigeria's system is negatively impacted by the determination to halt the Naira-for-Crude inaugural

Legit.ng writer Adekunle Dada has implicit 7 years of acquisition covering metro, authorities policy, and planetary events

FCT, Abuja - The Concerned Citizens Forum called connected President Bola Tinubu to state a authorities of exigency connected the enactment of the Nigerian National Petroleum Company Limited (NNPCL).

The President-General of the Forum, Samuel Olakitan, said the determination of the NNPCL to halt the Naira-for-Crude inaugural volition negatively interaction Nigeria's economy.

The radical said stopping the naira-for-crude inaugural volition negatively interaction the system of the country. Photo credit: Asiwaju Bola Ahmed Tinubu
Source: Facebook

Olakitan stated this portion speaking astatine a property league connected Tuesday, March 25, 2025.

"The caller argumentation maneuvers made by the Nigerian National Petroleum Company Limited (NNPCL), nether the enactment of Mele Kyari, has molded the NNPCL into a awesome of incompetence, corruption, and a glaring betrayal of nationalist interest."It is with a dense bosom and a consciousness of urgency that we telephone connected the Nigeria President, Bola Ahmed Tinubu, to state a authorities of exigency connected the enactment of NNPCL.

The connection that was made disposable to Legit.ng

"The suspension of the naira-for-crude woody is undoubtedly antithetical to the overarching nonsubjective of attaining vigor self-sufficiency. This argumentation has inadvertently perpetuated our dependency connected imported petroleum products, thereby further exposing the federation to the vicissitudes of planetary lipid terms fluctuations and attendant proviso concatenation vulnerabilities, which is unsafe to our fragile system astatine the moment."

He concluded

"We came to the decision that the determination by NNPCL is not conscionable ill-advised; it is simply a deliberate enactment of economical sabotage. It is simply a betrayal of the Nigerian radical and a slap successful the look of a federation striving for self-sufficiency successful its vigor sector.”

Legit.ng reported that the Chairman of the Technical Sub-Committee, Zacch Adedeji, reacted to the Naira-for-crude policy had been stopped.

Adededeji said the argumentation model enabling the merchantability of crude lipid successful naira for home refining remains successful force.

According to Adedeji, nary determination has been made oregon considered to discontinue this attack oregon policy.

Legit.ng besides reported that helium committee overseeing the naira-for-crude deal reportedly convened successful Abuja connected Monday, March 24, 2025, to proceed negotiations.

Additionally, the committee assessed the challenges faced by the NNPC successful supplying crude lipid to home refineries.

Sources bespeak that NNPC is facing difficulties with crude oil, arsenic it has committed its banal to a guardant merchantability statement with planetary creditors.

NNPC breaks soundlessness arsenic naira-for-crude woody

Meanwhile, Legit.ng reported that NNPC had reportedly decided to discontinue its naira-for-crude woody with section refineries arsenic it moves to prioritise semipermanent contracts.

The improvement present means section refineries specified arsenic Dangote volition person to root crude lipid from planetary markets.

The nationalist lipid institution has said it is inactive acceptable to marque the crude lipid disposable nether a caller agreement.

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Source: Legit.ng