It’s shame Nigeria cannot refine oil – Nollywood Actress, Kate Henshaw

The actress said Nigeria’s inability to refine its oil is an indictment on President Buhari who doubles as the nation’s Petroleum Minister

Veteran Nollywood actress, Kate Henshaw, has described the inability of Africa’s most populous country, Nigeria, to refine its crude oil as a “shame” on the part of the government.

The actress spoke at the weekly episode of PREMIUM TIMES’ TwitterSpaces titled “Unending fuel crisis, attendant consequences and way forward.”

PT TwitterSpaces is an innovation of PREMIUM TIMES put together to advance conversations around issues of national concern. The Wednesday edition of the programme had Ms Henshaw and other stakeholders in the oil industry feature as guest speakers.

The actress said fuel subsidy is originally meant to help alleviate and cushion the effect of hardship on people but the subsidy regime in Nigeria doesn’t address the problems.

“To me, it’s a complete shame. It’s evil on the part of the government (both past and current) that we cannot boast of refining our product,” Ms Henshaw said.

She added that it is worrisome that in 2022, when other countries are progressing, Nigeria is still buying refined petroleum products for domestic use.

“It does not make sense that we do not have a functioning refinery in Nigeria. This is a huge indictment on the president who also doubles as the Minister of petroleum,” she lamented.

Scarcity

In recent months, fuel scarcity has worsened in Abuja and several other cities across the country.

Although the crisis in Abuja began in 2021 after the government announced plans to remove fuel subsidy, a major shortage hit major cities including Lagos in February, causing queues at filling stations and leaving millions unable to fuel their cars and generators.

The government said the discovery of high amounts of methanol in imported fuel caused the shortage as authorities tried to replace the off-spec product across the country. The crisis lingered for months despite the federal government saying it had sufficient stock of petroleum products for distribution.

Although normalcy returned for some months in parts of the country, the scarcity persisted in Abuja and black-market sales have thrived with hawkers lining busy roads with jerry cans filled with petrol. But in recent weeks, Nigerians across the country have yet again been thrown into chaos as scarcity returned in filling stations nationwide.

Marketers had listed the high cost of buying petrol at the depots and the high cost of diesel to truck them as the major factors responsible for the recent queue.

The federal government recently announced it had approved the upward review in freight rates for transporters to help alleviate the challenges associated with the distribution of petroleum products nationwide.

Last month, the government said that the nation’s capital petroleum deliveries were up nearly 100 per cent after the government offered additional N10 freight reimbursements to marketers.

‘Global Crisis’

In his remarks Wednesday, Chinedu Okoronkwo, President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), blamed the fuel scarcity in the country on the ongoing Russia-Ukraine crisis.

He said it is a global issue being experienced all over the world, even in places like America and the UK.

“The war between Ukraine and Russia is the real issue,” Mr Okoronkwo said, noting that if not for the non-functionality of Nigeria’s refineries, the issue would have been the best time for Nigeria to generate revenue.

The IPMAN President said it is not a time to play the blame game because he is very sure that the nation’s refineries will begin to work pretty soon.

“The Port Harcourt refinery will work before the end of this year,” he added.

Mr Okoronkwo said the government is trying its best and that if subsidy had been removed, things would have been better.

“Immediately this war started, the price of diesel jumped. The cost of hiring a vessel has also changed. This money is gotten from the parallel market and not from the government,” he said.