In a swift reaction on Wednesday, an umbrella body of bloggers and vloggers, Bloggers and Vloggers, Contents Creators Association, BAVCCA, commended the Group Chief Executive Officer of 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 and made it a leading company in Africa and competing 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 cognisance of recent events regarding fuel distribution and pricing has called this press briefing to situate the issues objectively.
“We are aware that fuel price increment is a sensitive issue, therefore, requires that all stakeholders have a clear understanding of the underlying factors that contribute to either price increment 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 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, 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 the citizens while ensuring the viability of the petroleum sector.
Meanwhile, the association maintained that the NNPCL boss is exonerated in this purported move to remove him from office.
