This must be the worst New Year that Nigerians have celebrated since the civil war ended in 1970. The ill-advised removal of oil subsidy and the attendant increase in petrol price from N65 per liter to N130 per liter clearly indicate that Nigerian leaders are severely out of touch and roundly obtuse…

Nigeria has 4 fully functional refineries as at 1988 built by the Military regimes with a total capacity of 450,000 barrels per day production. Bearing in mind that our daily local consumption is estimated at 300,000 bpd. If the refineries were to be fully or 70-80% functional, there should be no problem with fuel availability or pricing in Nigeria…