An umbrella body of Bloggers and Vloggers, Contents Creators Association (BAVCCA) has commended the Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company Limited (NNPCL), Engr. Mele Kyari, over the repositioning of the oil company.
The group spoke through its leaders during a press conference held in Abuja to counter calls for the sack of Kyari by some faceless groups.
The Secretary of BAVCCA, Abimbola Adelabu, who read the address, pointed out that it was out of sheer ungrateful attitude and sheer blackmail against Kyari, who had repositioned the company and made it a leading one 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 price hikes and increments are not arbitrary decisions made by the NNPCL 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.”
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