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20261012 220000 UTC
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[00:00:00] Again, the Chief Justice of Nigeria, Justice Kuderat Kikereku has said that the
[00:00:04] judiciary must
[00:00:05] of remain impatial and shown partisan politics ahead
[00:00:07] of the 2027 general
[00:00:10] of elections. Federal High Court today struck held the charges against
[00:00:14] Adini adme, the alleged fake director general
[00:00:16] of the PFITC, as federal government filed fresh charges
[00:00:20] against him at the FCT High
[00:00:22] Court. That's
[00:00:26] the news attend tonight. Thank you so much for watching, I'm Ann. Good
[00:00:30] night and please stay
[00:00:31] safe.
[00:00:43] in
[00:01:15] Hello all there, my name is Laolu
[00:01:18] of Akonde and you are on two inside
[00:01:21] sources,
[00:01:25] today my take is entitled better late
[00:01:29] of than never, the 30 day f relief
[00:01:33] or is it fake rehal? last
[00:01:36] Thursday, October 28, the federal government
[00:01:40] through the coordinating minister for the
[00:01:42] economy, announced what it carefully
[00:01:46] refused to call a
[00:01:48] of subsidy, a 30-day petrol price discount at
[00:01:52] NMPC retail stations
[00:01:54] nationwide. now NNPC retail
[00:01:58] according to the plan, we forgo its profit margin
[00:02:02] and sell at cost, if landing cost is
[00:02:06] 1,300, you buy in those
[00:02:09] stations for 1,300
[00:02:12] nar.
[00:02:14] of now no draw down from the federational account,
[00:02:17] they say, and it is called an independence
[00:02:21] season gesture,
[00:02:23] you know, just about
[00:02:23] of the time that we are celebrating independence, proposed at
[00:02:27] 1,350
[00:02:29] of nar landing. cost ceiling to be revealed
[00:02:32] monthly, on paper they call it relief, but in
[00:02:36] reality is it
[00:02:39] a relieve or is it fake
[00:02:42] rehazar or is it a little too
[00:02:46] late? now before we sort that out,
[00:02:50] let's give credit where it is
[00:02:53] due, now this discount, whatever the name
[00:02:57] is called did not
[00:02:58] of come from s burst of empathy by the
[00:03:02] tinubu administration, it came
[00:03:05] because
[00:03:09] it practically. on October 1st,
[00:03:13] vice
[00:03:13] a president, who is the presidential candidate of ADC proposed
[00:03:17] caped budgetted production subsidy to sell
[00:03:21] code below international price to domestic
[00:03:24] refineries, including danguti and other modular
[00:03:28] refineries. is running
[00:03:30] of has been heat
[00:03:34] sell at 10,000
[00:03:36] of if what
[00:03:37] of price of is 15,000 he suggested now within
[00:03:41] 7 days a government that said subsidy is gone
[00:03:44] forever announced discount at cost
[00:03:48] an article camp mocked like d student they
[00:03:52] responded you copied my subsidy proposal
[00:03:55] poorly now whether you like him or not
[00:03:58] i has made the f
[00:04:01] prize a 2027 presidential
[00:04:05] poll question and he has first a
[00:04:09] consistent reaction from the federal government so
[00:04:12] clearly
[00:04:13] of democracy
[00:04:13] is winning second point now is this
[00:04:17] last minute empathy indeed for three
[00:04:21] years Nigerians have been told the
[00:04:24] patient sacrifice reforms we
[00:04:28] pay now On September the 30th, the
[00:04:32] NLC said, we stand at the cross roads
[00:04:36] of a full scale survivor crisis,
[00:04:39] petrol now selling at 1,430, or
[00:04:43] higher,
[00:04:44] he said, and with campaigns kicking off
[00:04:48] and the president himself being to start October 24 in
[00:04:51] Kaduno, the government suddenly
[00:04:54] discovers that NMPC can sell that cost for
[00:04:58] 30 days. if you can do cost price in
[00:05:02] October 2026 and 2025 when Nigerians
[00:05:05] were really being crushed, we are
[00:05:09] thinking that this is not a government that just...
[00:05:12] realized that as the election is coming
[00:05:15] closer, the suffering the people is now becoming
[00:05:19] compelling. third point, too
[00:05:23] little, too late and too low.
[00:05:26] why? for whatever it is what and whatever it is
[00:05:30] called, this discount is certainly too low and
[00:05:34] likely going to be insignificant. let's do the maths
[00:05:38] or arithmetic, whichever one you prefer. market price
[00:05:41] is one, 430, even
[00:05:45] 1,450 in some places, so NLPC
[00:05:49] cost is about 1,360 to
[00:05:51] 1,364, so the so call relief
[00:05:55] is 66 n at best 90,
[00:05:59] now that is less than 7%
[00:06:01] discount for a transporter who burns
[00:06:05] 30,000 n for daily, that is just about
[00:06:09] 1,400 savings with that reduce the
[00:06:13] fear from ojota to hodi,
[00:06:16] no now, for family already crushed by food
[00:06:20] inflation, what with 66 n
[00:06:23] had to the price of rice, you cannot
[00:06:27] offer 7% or less relief
[00:06:30] after a 300% pain and
[00:06:34] call it cushioning, okay,
[00:06:38] now it guess what is, it's even limited only
[00:06:42] to NP. retains stores, less than 50%
[00:06:46] of outlets nationwide are going to be
[00:06:49] affected, so what is the
[00:06:51] farmer or a farmer in guzo
[00:06:55] have to gain, what prevents one station from
[00:06:59] causing long cus and safety hazards while
[00:07:03] oters sell at
[00:07:04] 1,430. now one thing is
[00:07:08] clear in all of this, like i said earlier, democracy
[00:07:12] at least is winning, now this is my last and fourth
[00:07:15] point, the big elephant in the room is corruption, federal
[00:07:19] government says no return to subsidy, opposition says our subsidy
[00:07:23] is different, production not importation, but none
[00:07:27] them is saying that we will jail those who bled
[00:07:30] subsidy for 20 years and make our refineries
[00:07:34] work, either them and saying that, and this
[00:07:38] is why the...
[00:07:43] comes, he says that our four refineries
[00:07:47] are barely 50 years old and refineries in the
[00:07:50] US for instance, are over 100 years and still
[00:07:54] working, he argus, fix
[00:07:57] them, license 36 modular
[00:08:01] refineries, restore the 45000 barrels
[00:08:04] per day domestic allocation for crude
[00:08:07] even promised to make the price
[00:08:11] 200 n. per liter in 12 months,
[00:08:15] now you may call the 200 populist and we can
[00:08:18] debate the details of that idea, but
[00:08:22] advious diagnosis is correct, we are
[00:08:26] crude producing nation that has refused to
[00:08:29] refine at home for a long time up until
[00:08:33] dangote refinery came on board lately, so
[00:08:37] be the table people or the article opposition, the
[00:08:40] narrative ignores corruption, on both sides the
[00:08:43] debate. Nigerians, shine your
[00:08:47] eyes, like they say on the street. Buari was
[00:08:50] right and is still right. If we don't kill
[00:08:54] corruption, corruption will kill us. It has created
[00:08:58] many things, especially in the oil and gas
[00:09:02] sector. So let's say it again, if we don't kill corruption, especially
[00:09:06] in that sector, corruption is going to kill us, may that day
[00:09:10] never come, and there you have it in. inside sources goes full
[00:09:13] blast right after
[00:09:15] this. welcome back
[00:09:19] to inside sources, today i'm leading the show with the conversation uh with my
[00:09:23] very good friend who has become the spokesperson the main
[00:09:26] opposition uh is the presidential spokes
[00:09:30] person for the articu abubakar campaign a lawyer
[00:09:33] and uh a leading nollywood actor. i like
[00:09:37] to welcome back to inside sources mr. ken Okonko. good to see you
[00:09:41] again all the way. All right, thank you
[00:09:45] viewers for joining us, all right, excellent, you're looking
[00:09:48] excellent, well, I'm trying my best, the
[00:09:52] last time I said, because the hair is no longer
[00:09:56] growing, you you started
[00:09:57] growing,
[00:10:05] somewhere, so so let me you have been uh uh, your
[00:10:09] campaign and that on the government is is... is becoming really,
[00:10:13] really uh exciting, in my take today, I actually
[00:10:17] gave the credit to Abubakar for
[00:10:21] turning the subsidy matter into an electoral issue.
[00:10:25] and it's good for democracy, but I want to start with your
[00:10:29] own uh response to what it
[00:10:33] is that uh the coordinating minister the economy said
[00:10:36] you know on Thursdays
[00:10:37] he said that hey look we are going to uh make sure that
[00:10:41] there is this discount we're going to put a ceiling NMPC is going
[00:10:45] to be selling at cost uh and they said very clearly that this
[00:10:49] is not a subsidy how do you respond to that
[00:10:51] again you know he hurts
[00:10:55] me because when i saw
[00:10:59] honorable or doctor tae woedele
[00:11:03] i hope i got his name correctly when
[00:11:07] he was the tax
[00:11:09] you know reform
[00:11:12] personality i liked
[00:11:14] him because he appeared smart you i like
[00:11:18] smart man you smart actually you know
[00:11:21] you don't think so anymore now my problem
[00:11:25] is that I feared that if he
[00:11:27] is incorporated into the government, APC will poison him
[00:11:31] with the allies,
[00:11:34] remember wole edun was sacked because he did
[00:11:38] not told the lie of tinubu
[00:11:42] once came and declared that by August he has gotten all the
[00:11:46] revenue that they projected, whale do came and
[00:11:49] say sorry, it it's just
[00:11:52] 25% the revenue. was talking about this sector
[00:11:56] or this sector and from that day I knew his days we are
[00:12:00] numbered, there is no way you can ser or
[00:12:04] APC government without being a liar,
[00:12:07] now they use to replace wale
[00:12:11] edun and then wale
[00:12:15] beeni,
[00:12:18] now tao has now started lying like
[00:12:22] them, can you imagine? coming out to
[00:12:25] say that you're giving a
[00:12:27] discount for 30
[00:12:30] days, you acknowledge that the price was
[00:12:34] 1,500ira, but you're going to cap it at
[00:12:37] 1,350, 50, which is the
[00:12:41] cost, landing cost, good, now what
[00:12:44] is subsidy? subsidy is
[00:12:47] defined as a financial
[00:12:51] aid or support typically provide.
[00:12:55] by a government or organization and
[00:12:59] giving to an individual or
[00:13:02] business or
[00:13:03] institution or
[00:13:06] industry to reduce cost or
[00:13:10] promote social or promote social
[00:13:14] or economic goals, now what we are the
[00:13:18] trying to
[00:13:20] do, they were trying to reduce cost, they acknowledged by
[00:13:23] themselves that the cost. was becoming unbearable for the people and they
[00:13:27] have
[00:13:28] to interven to give relief for the people, and they say it's
[00:13:32] not subsidy, then the whole idea of subsidy has to be
[00:13:34] redefined, because what he did
[00:13:38] is exactly the definition of subsidy, and
[00:13:42] now and do you why they did it to cover
[00:13:45] their shame, because they have repeatedly said that they will never bring
[00:13:49] subsidy, and even pleaded with
[00:13:53] them, don't bother. take my idea redem
[00:13:57] it by whatever name for the
[00:14:01] benefit the welfare the people because your price
[00:14:04] is becoming unsustainable so sorry to say
[00:14:08] this lied when he said it was not
[00:14:12] subsidy it was subsidy but just
[00:14:15] like article said in the examination when
[00:14:19] you're copying the answer of your fellow classmate you
[00:14:23] will always copy even the what you should not copy, you're not
[00:14:26] careful, you copy the examination number of that your classmate
[00:14:30] and put on your you for the and good, so they are
[00:14:34] copying it and because they want to hide
[00:14:37] that, they are not doing it, they are making a mess of it, and let me point out
[00:14:41] this, have you noticed the danger in their own
[00:14:45] properted subsidy, they want to return to the corrupt
[00:14:48] import related subsidy that they were operating,
[00:14:52] how NMPC is not producing any? 1 l of refined foil in
[00:14:56] Nigeria, okay, so the price that are reducing is the price of
[00:15:00] imported fuel by NMPC, because
[00:15:03] NPC is not taken from Dangoting at all,
[00:15:07] and they want to reintroduce the corrupt
[00:15:10] subsidy that they were operating. If
[00:15:14] you listen to Tairo, Thaiwo said, once you
[00:15:18] go into that subsidy, you will see people now, when it is 50
[00:15:22] million liter, they will say 70 million liter. 'm and that
[00:15:26] is the subsidy they want to go in now to start
[00:15:29] saying that whatever cost they give to NMPC though
[00:15:33] NMPC they will tell you the profit they would have made is trillions of n
[00:15:37] is that'. different from articules home subsidy, thank you very
[00:15:39] much, and before I get into that,
[00:15:43] okay, when you do that import related subsidy, you are now
[00:15:47] subsidizing the refinery outside the country that is producing
[00:15:51] it, you are now subsidizing employment
[00:15:54] overseas, you are now encouraging the shipping that will
[00:15:58] bring in the refined product, and most
[00:16:01] probably
[00:16:02] it is still the shipping that took our crude to that refinery
[00:16:06] and is bringing i back and is part of what is contributing to
[00:16:10] the cost, high cost of f, why do
[00:16:14] you not just give the crew direct to dangote,
[00:16:18] and dangote will refine it and give direct to nigerians, they said they
[00:16:22] don't have enough, no, which is a problem that you guys have to deal
[00:16:25] with, that's looking at it, they pledged, no, they pledged the crud
[00:16:29] to borrow, where do you think they are
[00:16:32] borrowing, but it's not only them, that has been a problem for
[00:16:36] a time, you know,
[00:16:39] do when they came in, they exited the depth and they were paying
[00:16:43] subsidy, that is what article is going to do, it's tough
[00:16:46] now, okay, anyway, tell us the difference, the
[00:16:50] difference is very clear your both plans, yeah, has made it clear he's
[00:16:54] not going to subsidize any imported
[00:16:56] fuel, so returning back
[00:17:00] to the import related subsidy riddled with
[00:17:04] corruption, apc corruption is
[00:17:07] gone: what are saying? so so the
[00:17:11] rumor, since you are here, let's try it, so the
[00:17:15] rumor that articu wants to bring the subsidy
[00:17:18] because uh, he's trying to get the
[00:17:21] funding of uh,
[00:17:23] you know subsidy people, contractors who
[00:17:27] have been
[00:17:28] you know benefiting from subsidy to finance his uh
[00:17:31] his campaign, so that when he gets there if he wins,
[00:17:35] they will then
[00:17:37] do the...
[00:17:38] uh uh uh the subsidy return make the money back, so that rumor is not
[00:17:42] true, is it doesn't even make sense, because that was
[00:17:46] that was the boss, that
[00:17:47] is what i'm saying, article has nothing to do with import related
[00:17:51] subsidy whatsoever, why are you talking about
[00:17:54] is only tunubu and APC that will still be talking
[00:17:58] about that, because they are the ones who need that corrupt money for their renewed
[00:18:02] hope campaign, you can see they are still borrowing, even as I'm talking
[00:18:06] to you, they are negotiating 1. billion dollars anyway complete your
[00:18:10] thought said the
[00:18:13] paradigm has shifted. we are
[00:18:17] no longer an importing nation in oil,
[00:18:21] we are now an exporting nation because we have our
[00:18:24] refinery. dangote
[00:18:27] is producing and has assured he can produce all the domestic need
[00:18:31] of dinger. he said he needs about
[00:18:35] 700 thous barrels. of lp he's
[00:18:38] getting about 20% mm locally so he's still
[00:18:42] sourcing about so
[00:18:45] what he's getting 20 something
[00:18:49] perc is nothing so he's still importing about
[00:18:53] 500 thousand barrels per
[00:18:56] day that was why i said that even if that
[00:19:00] starts working we will not get our fuel
[00:19:03] cheap because he imports the crude crude. which is
[00:19:07] subject to the vegeries of international prizes, he does
[00:19:11] not have power, there's no electricity, he makes
[00:19:15] independent provision for that, he does not have security,
[00:19:18] so he makes independent security for
[00:19:21] his staff and for his equipment, the interest rate is
[00:19:24] high, it borrows at about
[00:19:27] 30% or more, when you check all those
[00:19:31] things, the cost of producing
[00:19:35] the barrel in the first place, about $30, but you guys can change
[00:19:39] this, this
[00:19:43] tell you in case, you can't change all these
[00:19:47] things that you mentioned, look at what article
[00:19:51] will do, assuming with that
[00:19:54] considering that borrowed all this
[00:19:57] money for instance to exit us from
[00:20:01] the liability that was placed on crude oil, we
[00:20:05] wouldn't have been owing anything. extra does he have that
[00:20:08] option? no, so you're saying that the four says should be paid off,
[00:20:12] nobody, nobody will compel you on how you will pay your
[00:20:16] debts, it depends on the agreement, no, whatever is the agreement, you can exit,
[00:20:20] if i'm owing you $3,000, yeah, if i'm owing you
[00:20:24] $3 billion dollars, yeah, based on my oil, yeah,
[00:20:28] why
[00:20:28] did i enter in the agreement, because needed, you needed dollars,
[00:20:32] good, yeah, so if i say i'm giving you your $3 billion dollars, you will say no, but
[00:20:36] first of all, Good, so so what I'm trying to tell you,
[00:20:39] assuming that has the milk of human
[00:20:42] kindness, and what is borrowing he
[00:20:46] borrowed to exit us from what? is
[00:20:50] alien on our own oil, crude
[00:20:53] oil, in order that we can use the crude oil the way we
[00:20:57] want, we wouldn't have been owing anything more, there won't be any increase in
[00:21:01] liability, because if i'm owing you
[00:21:04] 100 n and peter, i
[00:21:08] borrow 100 from peter to pay you,
[00:21:12] i am still in 100, yeah, i have not increased the depth, so
[00:21:15] exiting your depth is not a
[00:21:18] problem, provided you
[00:21:21] know how to cut your cost of governance, the
[00:21:25] problem in Nigeria is the bogus
[00:21:29] governance cost of governance that tinubu is
[00:21:33] applying a poor and distressed economy, he has 48
[00:21:36] ministers, nobody has had it before, so given any
[00:21:40] indication of how he
[00:21:41] is going to cut government, he has told he is going to is going
[00:21:44] implement
[00:21:45] report,
[00:21:52] was vice president and in his regime they cut cost
[00:21:56] of governors in his regime they pay subsidy in his regime the
[00:21:59] exitted international death do you learn how to be left-handed in your old
[00:22:03] age? no you don't this is his
[00:22:06] antecedent and he was the head the economic team you have therapy
[00:22:10] good so don't so
[00:22:14] subsidy is very simple all right so good
[00:22:17] right to dangote and and the local
[00:22:21] refineries and supply to them at
[00:22:24] affordable price. yeah, well so so good is our product. wait,
[00:22:28] wait, wait, wait, just so we interrogate it, so so day to
[00:22:32] the people have done that for a bit when you are doing the n
[00:22:35] fall uh, no, they have not done that, they handed
[00:22:39] it, but this the major problem seems to be,
[00:22:42] yes, we don't have that
[00:22:46] crude enough to give local refineries, all right?
[00:22:50] so how how how how does the article plan respond
[00:22:53] to that? we don't how lot of people a lot of people who are not
[00:22:57] economically you know sound or who are
[00:23:01] mischiviously misplying economics they
[00:23:05] said the 1.8 million barrels is not for
[00:23:08] us only that is
[00:23:10] there a jv that what we are
[00:23:12] getting
[00:23:15] explain now the jv is interested in their money
[00:23:19] yes? so if you give them money, what else? what do you mean money? what i'm
[00:23:23] saying is that if the price of oil, yes is
[00:23:26] settled at certain dollar per barrel, yes internet
[00:23:30] and good, and you pay them, would they say they will not sell to you, the
[00:23:34] government, they must sell to a company outside when you are, so
[00:23:38] you are saying that that we can buy from them, absolutely, that is
[00:23:42] that subsidy article is telling you, i see, so
[00:23:46] the jv cannot insist, we are producing 1.8 million.
[00:23:57] what you said for clarity so that you can tell me that is what you you you're
[00:24:00] saying or not good you know uh because I find it quite
[00:24:04] uh uh insightful so that's why I want to clarify to be sure this is what you're saying
[00:24:08] yes so you're saying that the way the
[00:24:12] article plan is going to solve the problem
[00:24:14] of uh not enough domestic crew to
[00:24:18] give the refineries.
[00:24:21] is to say that, okay, look, we want to take
[00:24:24] from the portion the
[00:24:27] jvc if we need to, oh well, apparently we do, that's
[00:24:31] what i'm saying, if we need to, yeah, yeah, because because
[00:24:35] apparently
[00:24:36] we do, that's what i'm saying, if we
[00:24:37] need to,
[00:24:39] that's what i understand, that we will then, we
[00:24:43] will now ask
[00:24:44] the jvc to say that, look, sell to
[00:24:46] us that could, you know,
[00:24:50] instead of selling it internationally, that's what I'm saying,
[00:24:54] whatever must satisfy the domestic
[00:24:57] market, you must sell to
[00:25:01] the domestic market, but it will be as international price,
[00:25:04] remember are you going means that Nigeria
[00:25:08] is good, a partner to it, almost like 50/50, yeah, well
[00:25:12] 60-40 here and
[00:25:13] there, yeah, good, so what it means is that Nigeria has
[00:25:17] its own share, yes, which is not
[00:25:20] enough, that is what I'm saying, so whatever is remaining,
[00:25:24] Nigeria has the right to say we can buy this, okay, and supply, that's the subsidy we are
[00:25:28] talking about, but if if it means discounting
[00:25:32] it,
[00:25:33] but but I'm saying that you will get you will buy it and are you going to impose the price on on the
[00:25:37] genesis, now even if you buy it at international
[00:25:40] price and supply to the refineries, yeah they will
[00:25:44] still give you fuel a cheap rate, because there will be no
[00:25:48] shipping that they will.
[00:25:50] that that is part of your own subsidy, that is what I am telling you,
[00:25:54] okay, that we must get
[00:25:56] our oil good, because the our
[00:26:00] production capacity pay a...
[00:26:02] pay pay days 1.8 million, but where are you going to get the money to
[00:26:06] pay the JVCs and that is exactly
[00:26:09] what because you
[00:26:09] have to pay them in dollars done? tinubu granted 34
[00:26:13] trillion naira 2025 loan
[00:26:16] on import weaver, so
[00:26:20] assuming you say no, reduce your imports
[00:26:24] and import only the things that are important,
[00:26:27] stop
[00:26:30] person.
[00:26:34] is not assumption, i've told you that cost of
[00:26:36] governance, the priority is
[00:26:40] making fuel affordable, so every other thing we are
[00:26:44] spending will be secondary, will be secondary, okay, and i'm
[00:26:48] telling you that there are a lot of things th is
[00:26:51] doing, which is skewed towards
[00:26:55] giving subsidy to the rich to the privileged,
[00:26:58] remove it, and you have already double the money.
[00:27:02] Okay, all right, I want
[00:27:04] you to for the consequential, remember,
[00:27:06] consequential adjustment
[00:27:10] in the price of good, I understand, understand,
[00:27:13] yeah, and it's good that, so so I'm sure that our
[00:27:17] audience understand this better now, now, but the other issue that I
[00:27:21] want you to also address on Friday uh, my guest
[00:27:25] was Prince Adibayo,
[00:27:29] the SDP presidential candidate, and this...
[00:27:32] said that look the the the refineries
[00:27:36] our the public refineries the refineries in cadun
[00:27:40] uh the two important and worry he
[00:27:43] says they can work, he he
[00:27:47] implied
[00:27:48] that the reason why they have not worked is because the government the day does not want it to
[00:27:52] work so he said and
[00:27:56] you know and this is one point that i have also said and you this is going to lead my
[00:27:59] question that is just a question of corruption that they're not
[00:28:03] allowing it to work, of course
[00:28:04] he said that is going to make it at, it's going to make sure that the fair price comes to
[00:28:08] 200, by ensuring that this the oil theft you
[00:28:12] know uh is taken care of and then what is being storing is going to be
[00:28:16] directed to domestic crew so everybody is looking at domestic group which is a good
[00:28:20] thing, but my question uh ken is that what is
[00:28:24] articu going to do about the corruption that
[00:28:27] has happened in the oil sector especially
[00:28:31] specifically regarding uh the subsidy,
[00:28:33] you know, not just that is going to, he says he's going to end it,
[00:28:37] his article going to impose consequences for the
[00:28:41] past cities can, good, first of
[00:28:45] all, let me agree withole
[00:28:49] that it is corruption that crippled the oil
[00:28:52] industry, i
[00:28:55] themly told bewildered
[00:28:58] nation on the floor the senate, there is
[00:29:02] 210 trillion unaccounted for by
[00:29:05] NMPC, as matter of fact, they
[00:29:09] issued the bedge warrant for the
[00:29:13] previous MD of NMPC, alive for
[00:29:16] dead, this is
[00:29:18] so moles own statement, and in the general senate, the
[00:29:22] senator senate made him to
[00:29:25] withdraw the bench warrant, i want you to
[00:29:29] know when corruption is systemic,
[00:29:33] sorry, can you imagine that tinubu's
[00:29:37] government has invested
[00:29:41] more than 1.5 billion dollars
[00:29:45] and $3 billion dollars if you go back to buhari's
[00:29:48] regime and the defineries did not work
[00:29:52] and they are not working and you think is not enough
[00:29:56] to probe what i
[00:30:00] saying? moved subsidy first time, told
[00:30:04] him, reverse it, because your refineries are all
[00:30:07] dead, so you cannot remove subsidy when you are importing
[00:30:11] 100% to Nigeria,
[00:30:14] and the currency, your currency is not
[00:30:17] strong, and everything is subject to the dollars, that
[00:30:21] this will be unsustainable, so what is happening
[00:30:25] now today is that adole
[00:30:29] is right, the refineries must work.
[00:30:33] because i remember told then that when you remove ser is when all the
[00:30:36] refineries are working so that you be sure that the
[00:30:40] local production has started operating
[00:30:44] and they are competing, i said don't do it without
[00:30:47] competition, two things i recommended, let the
[00:30:51] be the refineries all be working so that you saturate the system with
[00:30:55] supply and remove monopoly yeah if you
[00:30:59] check now we are