The Niger Delta Youth Congress (NDYC) has announced plans for widespread protests on July 28 across Nigeria’s South-South region, citing concerns over alleged monopolistic practices in the energy sector. The group has thrown its support behind the Nigerian National Petroleum Corporation Limited (NNPCL) while criticizing the Dangote Group’s recent business strategies.
NDYC National Coordinator Israel Uwejeyan stated, “We firmly believe that no individual or entity should be allowed to monopolize the energy sector. The implications of such monopolization are far-reaching and detrimental to the economic stability, energy security, and overall well-being of our nation.”
According to the NDYC, the Dangote Group is allegedly pressuring petroleum marketers to exclusively use its refinery for AGO and Flight Kero products, despite reported quality concerns. The youth organization argues that this move could stifle competition and innovation in the energy market.
“Our protest on July 28th is just the beginning of our unwavering campaign to protect our national interests,” Uwejeyan declared. The NDYC is calling for stricter government regulations to prevent monopolistic practices and ensure fair competition in the energy sector.
The group emphasized the importance of maintaining a diverse and competitive energy market, particularly for the development of local businesses and communities in the Niger Delta region. They urged the federal government and NNPCL to resist what they describe as “self-serving ambitions” that could jeopardize the country’s energy future.
As of press time, neither the Dangote Group nor NNPCL has commented on these allegations or the planned protests.
This development highlights the ongoing tensions surrounding regulation and competition in Nigeria’s crucial energy sector, which plays a vital role in the country’s economy and national security.