An umbrella body of bloggers and vloggers, the Bloggers and Vloggers Content Creators Association (BAVCCA), has commended the Group Chief Executive Officer, GCEO, Nigeria National Petroleum Corporation Limited, NNPCL, Engr. Mele Kyari, over the repositioning of the organisation.
This was in an address read by leaders of the association during a press conference held in Abuja over the calls to sack Kyari by some groups.
The Secretary, BAVCCA, Abimbola Adelabu, who read the address, pointed out that it was out of sheer ungrateful attitude and planned blackmail against Kyari, who had repositioned the corporation, made it a leading company in Africa, and competed globally with its peers.
Adelabu said the global oil market is a complex and constantly evolving field, influenced by various factors, some of which are beyond the control of any individual or organization.
According to him, fuel hikes and increments are not arbitrary decisions made by the GCEO but rather a means to recover costs incurred during the importation, refining, and distribution processes
He said: “The BAVCCA, the umbrella body of all bloggers, vloggers, and content creators in Nigeria, representing a diverse group of influential media practitioners, having taken cognizance of recent events regarding fuel distribution and pricing, has called this press briefing to situate the issues objectively.
“We are aware that fuel price increments are a sensitive issue and therefore require that all stakeholders have a clear understanding of the underlying factors that contribute to either price increments or inadequate distribution of PMS.
“Our findings show that these factors are key in determining whatever decision in pricing and distribution:
“Global Market Dynamics: The global oil market is a complex and constantly evolving field, influenced by various factors, some of which are beyond the control of any individual or organization.
“Fluctuations in international crude oil prices, exchange rates, and supply and demand surges are the main contributors to fuel price hikes globally.
“The NNPC, under the leadership of the GMD, operates within these volatile dynamics to ensure that Nigeria remains sufficiently supplied with petroleum products.
“Cost Recovery and Sustainability: The NNPC, as a national entity responsible for the efficient management of Nigeria’s petroleum resources, must continually assess its cost-revenue structure to ensure sustainable operations.
“Fuel hikes and increments are not arbitrary decisions made by the GCEO but rather a means to recover costs incurred during the importation, refining, and distribution processes.
“These measures allow the NNPC to maintain the availability of fuel across the country, thereby preventing shortages and ensuring social stability.
“Infrastructure Development and Deregulation Efforts: The NNPC, under the leadership of the GCEO, has been actively pursuing measures to enhance Nigeria’s downstream petroleum sector.
“Infrastructure development, the removal of subsidies, and the promotion of a deregulated market are integral to achieving long-term sustainability and attracting private investments.
“These efforts, though challenging in the short term, are indispensable for fostering a more efficient and economically viable petroleum sector in Nigeria.
“We understand the frustrations of the Nigerian people regarding the fuel price hike; however, we urge everyone to consider the broader context and challenges faced by the NNPC in providing a stable and affordable fuel supply.
“As supporters of transparency, we call on the government and the NNPC to continue engaging with the public and striving to educate them about the intricacies of the fuel pricing system.
“Additionally, we encourage both parties to explore sustainable strategies that can help alleviate the burden of fuel price hikes on citizens while ensuring the viability of the petroleum sector.
Meanwhile, the association maintained that the NNPCL boss was exonerated in this purported move to remove him from office.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Nigeria’s current situation lamentable — Anyaoku
Chief Emeka Anyaoku, a former Secretary-General of the Commonwealth has described the current situation in…
Bukola Saraki foundation covers Mr Ibu’s medical bills
The Abubakar Bukola Saraki Foundation has fully covered the medical expenses of the…
Hold my pastor responsible if anything happens to me — Chef Dammy
Ekiti-based Nigerian chef, Damilola Adeparusi, popularly known as Chef Dammy, has stated that her…
Why Tiwa Savage may not sing for more than a year
In a move reminiscent of Afrobeat sensation Tekno, renowned Nigerian singer Tiwa Savage is facing the prospect of…
How Gomba won 2023 Nigeria Prize for Literature
THE 2023 edition of The Nigeria Prize for Literature climaxed last Friday at Eko Hotel, Victoria Island, Lagos, with…
Kidney failure, also known as end-stage renal disease (ESRD), can have various causes, but the two main types are...
