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This is as NANS decried the continued fuel importation under
President Bola Tinubu, saying that this will continue to hurt the economy and
worsen the forex crisis currently hitting the nation hard.
The student’s leadership said that President Tinubu should,
as a matter of urgency, order Nigerian National Petroleum Corporation Limited
to take concrete steps in repairing the country’s faulty refineries, insisting
that only this would make Nigeria attain self-sufficiency in oil production.
NANS Senate President Elvis Ekundina, who disclosed this in
a statement, said that Nigeria will not achieve rapid economic growth if it
continues to import petroleum products from foreign countries.
The association maintained that the Federal government must
address the current energy crisis caused by an acute shortage of petrol in the
Nigerian market by not only repairing the country’s refineries but also
ensuring that they work at optimal capacity.
According to NANS, the country’s refineries, when
effectively and efficiently running, can produce enough petroleum products to
meet the country’s daily consumption.
Ekundina argued that Nigeria, as an oil-producing country,
need not continue to import fuel if all the nation’s refineries are working at
optimal capacity.
“It is our belief that refurbishing and recommissioning our
faulty refineries to optimal production level will resolve the nation’s energy
crisis.
“This will also resolve the challenges the country is having
with foreign exchange and the worsening naira crisis.
“When we are able to repair our refineries and put them back
to good use, Nigeria’s problem with fuel insufficiency and pricing will be
resolved.
“It is good to have our refineries fully working alongside
the Dangote refinery as this will ultimately make Nigeria a net exporter of
refined petroleum products and this will also allow for stability in fuel
prices,” he said.
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