PIA Act: There Was a Misconception that Commercialisation Necessarily Means Efficency - Agbakoba

The state enterprises in Nigeria have been privatised into the pockets of individuals. Section 64 of the PIA Act appropriates our federal revenue to the NNPC. This allows NNPC draw money outside section 162 of the 1999 Constitution which is a higher law. What I see with the PIA Act is the usual 'Chop chop' and contract sharing associated with Nigeria.
Dr. Olisa Agbakoba, SAN
Former President of Nigerian Bar Association
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[@kenziedozie3686]

Dr. Olisa Agbakoba (S.A.N). Should be listened to... Such a robust conversation 👏👏👏

[@alicehadad2283]

Wish people like Dr Akbagoba would be in goverment

[@dotunajiboye8850]

Dr Agbakoba, we, the educated and enlightened Nigerians worldwide should come together and fix Nigeria. You are right, most Nigerians are ignorant about a lot of things but it’s not their fault, it’s the education they have been given. It’s left to us to fix this

[@user-zs7ox9wp2t]

Dr Abati. It's nauseating that you don't know that part of NNPC job are both production and regulations. Ignorance of Nigerians is enabling politicians to reduce Nigerians to beggars.

[@ekeneigwenagu239]

Actually, ignorance of operation and the refusal to learn,and egotistical attitude are the problems contributing to the breakdown of business operation in Nigeria.

[@olayinkaadeleye3134]

What part of the business does NNPC regulate? Please educate us.

[@ndukweejinduojebe5554]

​​@@olayinkaadeleye3134NNPCL is still regulating fuel price.

[@olayinkaadeleye3134]

@@ndukweejinduojebe5554 The Petroleum Products Pricing Regulatory Agency (PPPRA) is the agency of the government of Nigeria established in 2003 to, among other responsibilities, monitor and regulate the supply and distribution, and determine the prices of petroleum products in Nigeria.

[@UK-living]

Agbakoba has educated my favourite show anchors today. Dr. Abati has been schooled today. Nigeria's resources are being managed by corrupt and incompetent Nigerians.

[@mikolowiskamikolowiska4993]

So you din know since 1960?what rock are you living under

[@obehiokojie4066]

Rufai, you are the interviewer and not the interviewee. Please let your guest express his thoughts without you disrupting his flow.

[@sirrainbow1672]

SAN Agbakoba' s knowledge and his sharing of it is always very much appreciated. The problem here is whether or not it gets to those that can use it to make any changes suggested. He is asking for the repeal of the PIA, who is going to do start the ball rolling, he can't and neither is the media. Therefore, this is where educating the members of the national assembly on how to raise issues to be looked into is very important. Unless he has made direct suggestions to national assembly members or directly to the government, the knowledge sharing through the media may not be effective. He can ask for an audience with the national assembly to share his thoughts on the PIA and this the best way to possibly get the suggested repeal. Things don't get done or changed in Nigeria through the media because most Nigerians take whatever is shared through the media as entertainment. being presented by the media itself. I have never heard of any survey conducted by any media house in Nigerian on an issue and the reason being that they themselves depend on the social media or hear say for news.

[@henrynwokentah9451]

If a staff of an oil company is competent, why should he or she allow corruption pass through his or her table,? It's incompetent.

[@oyintolaawofeso4024]

Absolutely ✔✔✔

[@ugochukwumbaegbu4946]

Thank you Dr Olisa Agbakoba for teaching Mr Abati that you know the law more than him.

[@faisalmuazuhasheem6968]

Dr Olisa you did your homework very well, and Thank you!

[@ohis345]

Dr Rueben let him explain, "Stop interjecting without us having a good grasp of what the IOC are doing by doubling their operating costs and leaving us with infinitesimal profit sharing ratio.

[@akubuikeossy7777]

The guest speaker is SMART.

[@buzzu4232]

Nigerian media houses need to step up their game. Information is key! 🎉

[@kendrisobono6972]

All the media houses in Nigeria are practicing conventioNal journalism and I hate it.... They have all been gagged by NBC.

[@alfredokpanachi1847]

I am surprised at some of the questions coming from my arise crew. The media should stop playing the ostrich and stand with the people. Dr Ruben stop arguing government me. Listen to what is actually happening not what is on paper. Thats the problem with Nigerians. Agbakoba is a patriot.

[@franklynegbuta9187]

Thanks so much Dr. Olisa Agbakoba schooling the armchair journalists about our incompetent of running our natural resources period.

[@ekeneigwenagu239]

The problem is the our news channels have a problem of conveying Nigeria message and image. They don't understand global politics.

[@EbukaMark-cu1bk]

Rufai nawa for you, you invited a guest to speak and enlighten the people, here you are arguing, interrupting and behave as if you want to school him, guy you really need to calm down, your over sabi don dey too much and na big problem for you. Dr Abati know so much but he knows his boundaries, just ask your questions and wait for your guest to speak, if you have any objection you can do that in coded way.

[@geoffreyoke4930]

Eyaaah, Agbakoba and the president are age mates at 71 years. Na Wao.

[@skyreportersng6663]

Lots of head gotta roll in Nigeria for these man made confusion to STOP, less than 1000 people are holding Nigeria hostage. Very shameful

[@phemphemmy6103]

This revelation can make someone sick

[@akinbamibonje929]

Why is Rufai always interjecting when he suppose to listen first?.. you invited a guest to speak on issues

[@derek009]

Seriously, I don't understand. He was even almost sounding disrespectful to the guest, just to prove himself right.

[@mikolowiskamikolowiska4993]

Agenda must agend

[@orjiinnocent3979]

This thing that Agbakoba is saying is what made Europe and America to hate Jonathan and Deziani, because they contracted lifting of oil to local company run by Nigerians. Thats why they made so much money.

[@10gallons]

Agbakoba showed his mettle today. Real stand-your-ground performance!

[@josephotevwe1250]

Rufai, you are very correct. It is not incompetence. The same incompetent peope excel outside the shore of Nigeria. It is me, myself and I business that is the problem.

[@bigishaya6198]

This is quite revealing. Arise crew where schooled by the guest. This shows how ignorant we all are and we are not ready to challenge or ask critical questions. Incompetence driven by corruption is who we are.

[@nnaemekaiwuchukwu8100]

Finally someone is speaking

[@sunnychinweze]

Both of you are right. It's a combination of corruption and incompetence, both of which are the elephants in the room. Get rid of both, and everything will change.

[@mikolowiskamikolowiska4993]

All stems from socialism.

[@zicohuud]

I think the Dr kub,is right,am a ghanaian of about 46 years old,I experience queueing for fuel in the Millitary era,Rawlings regime, since Ghana discovered oil,queueing has vanished, why and how,Africa leading producer of crude,almost every year queue for fuel,

[@oyintolaawofeso4024]

Honestly, it is very sad!!!

[@olaoniboji]

Dr Agbakoba has clearly displayed intelligence with deep and high level of patriotism! I admire how he defends the the Nigeria state and people!

[@pambanijaumaru897]

Spot on, professor!

[@ezecletus6465]

I feel honestly amazed at the diligence with which intelligent Nigerians go to great lengths to research and bring out ideas that can lead this geopolitical space out of the woods as if they are unaware that they are merely baying to the moon and trying to convert the uninterested. It’s doubtful whether there’s anyone one in position of authority in this geopolitical space that loves the country enough to put the welfare of her citizens above that of themselves. So much saliva, so much airtime and data wasted.

[@charlesukaoha8638]

President Tinubu should consider making Olisa Agbakoba as the Minister of NNPCL as he sound very competent to effect a positive change for more than 200million Nigerians.

[@JuicyCash]

Intelligent and educative discussion among great intellects. Big ups Arise crews and Agbakoba. Imagine an APC chieftain being grilled here and they'll start shouting how insulting the crew is but, this is a great interview different from B***B****😂😂

[@alliseun]

Rufai, keep quiet; this is not Sowore or Adeyanju. Listen to elders.

[@Bellushi10]

Thank you Mr Agbakoba. Only Nigerians in 🇳🇬 don’t know how bad many deals the govt make are. Incompetence is when a nigerian govnr is genuinely ignorant of the real cost of bad water/roads. An American govnr understands he will use half of the money he is refusing to spend on the projects and maintenance to pay for lawsuits

[@mikolowiskamikolowiska4993]

We no get judiciary for naija

[@Bellushi10]

@@mikolowiskamikolowiska4993i know. But how about loss of life, property, economic loss, diseases, poor quality quality of life etc. All these are way more expensive than the roads/water they refuse to fix.

[@ugochukwumbaegbu4946]

Rufai please allow your guests to air their views.

[@godisgreat1283]

Corruptions and inconvenient in the petroleum sector are the bitter truth holding Nigeria down. Again, Tinubu arrogating himself the position as petroleum Minister is just another pathway to milk Nigeria weath dry.

[@anyaehieekene4460]

Rufai Be calming down,this is not your show alone.

[@josramsblue1]

Dr Olisa SAN ❤❤❤

[@Sblaze6897]

Interesting chat, I enjoyed every bit of it.

[@chudia22]

Abati please accept that Olisa Agbakoba is more knowledgeable than you are in the field of law. Arrogance is not a good trait and you are getting a bit condescending.

[@k.5250]

I don't think they are in any knowledge contest

[@Tellthetruth-qo6uu]

Rufai Oseni, try to learn. Agbakoba is a guru, agba oje, competent and experienced. Rufai, you were arguing with him, and you don't allow him to explain. Thanks, Abatti for your wise intervention.

[@olayinkaadeleye3134]

NNPCL runs their own field. How does their performance compare to that of the IOCs?

[@arbiterzmedia6107]

the SAN is yarning pure rubbish. Nigeria has gotten billions of dollars from oil, it is not the responsibility of the IOCs to use the money for the benefit of the economy and citizens. Otherwise let them come back to colonise Nigeria

[@ibukunoluwaodukoya8936]

Damn, Nigeria is in a mess. who would solve this mess?

[@orjiinnocent3979]

Me that is a layman understands what Agbakoba is saying, I'm not comfortable that Arise analysts doesn't know what he is saying, they keep interrupting him

[@oyintolaawofeso4024]

The ARISE crew members understand very well! They are only pretending not to 😒😒😒😒

[@onyiionwurah5475]

Due to corruption Nigerians own any oil again please listen to Olisa I have been wondering what is wrong with this sector.

[@onyiionwurah5475]

NOT

[@cerberusWAR]

Arise crew has a gag order on any topic concerning the current leadership of the NNPCL and its opaque operations. Arise should get experienced experts on the oil and gas industry to come on air and speak.

[@ishaqapalando]

Bless you, Rufai, for the push back. 😂

[@ezecletus6465]

The problem may well not be that our people in that establishment are not knowledgeable about what should be happening. It might be a question of those who should be protecting the interest of the country regarding the “us” that Agbakoba is talking about as”me” ,the way one French king once stated “Le etat cest moa “ meaning “I am the State “.

[@ekeneigwenagu239]

Commercialization is actually the most easiest way to loot and enrich the very few. State-Capitalization is the best form of business operation with efficiency, and guaranteeing job and wealth creation for the masses, as long as bureaucracy is taken away.

[@mikolowiskamikolowiska4993]

Where had state capital Isation worked. Nitel mtn, govt transport vs private, Nigeria airlines vs private,. We don't have commercialisation, we have cronyism

[@ekeneigwenagu239]

@@mikolowiskamikolowiska4993 You mentioned of Nigeria. You avoided countries all over the world that it has worked tremendously.

[@santosalimi8382]

Rufai is right on corruption. I have always believed that our leader are not stupid and not ignorant of facts and what needs to be done, at least 80% of the time. But corruption (personal/institutional interest) makes then look away and act wrongly, and the people suffer..

[@k.5250]

It is because of the sharing that Dangote is begging to buy crude from IOCs

[@Ezeife1]

This is one of the reasons why Nigeria should be divided. Because there section of the country who accept things the way they are and there are section who want to take control of their destiny.

[@lloydbickersteth8900]

Will DANGOTE allow the other refineries to work? There is something going on.

[@ekeneigwenagu239]

None of the so-called "others" are working.

[@mikolowiskamikolowiska4993]

What will he do to stop them. Stop saying rubbish?

[@nkemokike]

Dangote do not own the government owned refineries. Blame the government if Dangote interferes

[@nwananka]

Nnaemeka obianeri has been telling us this for almost a year now and will continue to do so. He gets so mad some say he is shouting lol

[@salientabe1105]

Dr Olisa Agbakoba took this ill-informed journalists to the cleaner. I need to pay Agbakoba for the schooling he offered to the crew. Anyone who knows Agbakoba should tell him that I’m owning him fees for educating these journalists.

[@thepanafricanman]

Agbakoba had some decent suggestions on recommending the Saudi model but he also doesnt understand the oil and gas space well enough.

[@josephotevwe1250]

Sir, Agbakoba, that rig was brought in with the approval or directive of NNPC theough their investment sunsidiary.

[@christian96015]

Knowledge is power, when the call people learned the kind of Olisa Agbakoba should be reffered to... obtaining loads of certificate does not mean learned... lets do somethongs on our own and not delegate everything to white men, they are not superior beings, even to road construction... we are blessed with every resources but lack the knowledge to convert our raw to finished goods and take advantage of the logistics and every aspect associated with the business like most nations do. Most nations force you to transfer knowledge if you play in their mkt...

[@orjiinnocent3979]

Gowon signs this joint venture agreement with IOC after the civil war because the owners of this oil companies in America and Britain supplied Nigeria weapons to win the war, it's not that they didn't know what is happening, they are using the joint ownership agreement to pay back

[@user-zb3os3dz7s]

For how long?

[@kings.omoruyi]

.....and Nigeria can not have someone like this as president. Yeye 😢

[@kennyibiyemi8483]

God bless this man. I have always talked about the privatization, it’s the biggest mistake of the century that the Nigeria government did. They went and copy western on the privatization, but they did not take note of the difference in both societies. I dislike on particular Nigerian billionaire because he always says that the government does not have business with doing business, it’s all because it’s benefiting him.

[@mikolowiskamikolowiska4993]

They didn't copy privatisation, they copied cronyism. Learn the difference

[@akanohammed9496]

I pray goodness and prosperity continue to shower on this speaker Can we think about what he's saying. Something is wrong

[@innocentamaefule1594]

I'm happy that you answered the question that you are waking up now and want to say the truth. The problem we have in Nigeria is that the educated and genuis we have here find it difficult to say the truth, but they want the problem to be solve, please how is that possible? You can't select an incompetent leader and want the organisation to move forward. i think you guys are jokers😂😂

[@kenechukwuude1441]

The best way out of these is for the states to manage its own resources without federal interference. In that way the people can their Governors accountable whom they know and can easily locate.

[@3dd3cheetosdoritos11]

I think sometimes, Rufai conduct interviews as if he’s in a debate with his guests. Allow the man air his opinions and quit arguing with him.

[@bolasalak7360]

I do not understand the argument wether Nigeria problem is corruption or incompetency. The two are faces of the same coin. While we have numerous competents Nigeria around yet the corrupt system will not allow them to be appointed into positions knowing fully that a competent man has some level of integrity. So for corruption to thrive incompetency has to be entrenched and even glorified.

[@uzochukwunnanwube1740]

Dr Agbakoba is not having it, we often times look down on ourselves as Nigerians, when we don't give people who are competent to handle matters level playing field, we turn around and think we don't have people who are very effective and efficient. Nigerians run these things better than anyone can ever run it, let's do better by taking away nepotism and focusing on competence like Dr Olisa Agbakoba posited.

[@taiwoajose3025]

Where was Agbakoba when the PIA was passed into law? Was there no public hearing as part of the process? Where was he when Nigeria migrated from mixed economy to market economy? How did he suddenly become a subject matter expert in this case? Does Nigeria government has sufficient surplus funds to edge out IOCs and take over the exploration of crude? Being a SAN doesn't cover authority on him on all issues. His pontification raises more questions and exposes his ignorance. He is a student, with all respect, in the subject he was to use law experience and knowledge only to profer solutions.

[@olayinkaadeleye3134]

Agbakoba has seen a lot. We don’t understand the value chain in the oil business. We have not taken advantage of the opportunities that the oil industry can offer to the country. NNPCL is supposed to be able to run the oil business on their own.

[@attoeattoe2058]

Ruben, Rufai and Ayo nearly downgraded the interview with their frequent interruptions of Mr Agbakoba's informed revelations

[@ishaqapalando]

I don't think Mr Agbakoba practises energy law. There's a lot of misstatements to unpack in this interview.

[@iheomanwakpadolu2576]

Dangote has entered the oil industry and all of a sudden we have his henchmen demonising the joint venture partners. These partners don't spend our own part of the money for us please.

[@GoodyJones]

Rufai can you just let your guest speak without interrupting😡😡😡

[@diamondcharisma4167]

Agbakoba Lectures Abbati

[@anthonyokeke8564]

Dr. Abbati you are cute.

[@lamilamere9029]

How can Olisa Agbakoba be saying that inefficiency is the problem, not corruption? Is it not corruption that gives birth to inefficiency. Corruption will make you employ unqualified persons.

[@derek009]

Whether, it's incompetence or corruption, his focus was solely on the impact on the economy. Every country has varing levels of corruption even in Saudi Arabia and Aramco but employing people with competence doesn't blow it out of proportion like what goes on in Nigeria.

[@BarthOnu-jy9fn]

Incompetent not inefficiency. Pls listen well

[@akiodeeboh7026]

Multi-ethnicity and multiculturalism does not allow for patriotism. Saudi Arabia and China are largely monocultural and mono-ethnic. They can be Patriotic, it's hard to be Patriotic as a Nigerian.

[@spider8760]

May ur days be long for saying this bitter truth. Nigeria can never be good because we are of different ethnicity and religions. Each side wants to dominate and oppress the other side and that's why things don't work

[@onyiititus3277]

I do not think so...there is power in diversity....usa is highly multi cultural and multi ethnic yet the best country in the world today.....

[@akiodeeboh7026]

​@@onyiititus3277the more diverse USA of today is a lot less powerful than the largely Caucasian USA than won the second World War in 1945. Every single world power is largely monocultural, mono-linguistic and mono-ethnic. Forget the "there is power in diversity" lie taught my our National Orientation Agency. No single shred of evidence to support that lie

[@spider8760]

@@onyiititus3277 their is no any power in diversity. Diversity is confusing and it causes confusion and uncertainty. The United state and many other countries are artificially created countries where so many pple suffers the oppression because the real owners are almost extinct. If you are really sincere you will tell me where you have seen or expect strength in diversity in a country like Nigeria with almost 300 ethnic nationalities. We are natives and if Nigeria must work we all must look ourselves on the face and take serious discussions like making a federal law for the federal capital while other states or region makes laws accordingly to their own ideology and understanding. States needs to be equally represented in the armed forces and police while the presidency will be rotated among the zones. Anything out of this makes that space a country in perpetual war and under development

[@sydakins6861]

“Ministry of Chicken Affairs”😂😂😂

[@oyintolaawofeso4024]

🤣🤣🤣

[@saiduabdul4635]

This agbakoba is just talking....

[@sonnycharles901]

Rufai is now supporting godfather practices in rivers state we now lose confidence in you

[@xandercage360]

Honestly, Mrs Ayo is the Most civil person on this panel...Rufai, your oversabi syndrome is becoming ao Nauseating. If you have all the answers then do not invite anyone...you can start and finish the program yourself.. Plus your nasal congestion even makes it irritating listening to you

[@krisken3944]

This man is very irresponsible and self-centered. Agbakoba, ibu anumanu.

[@zuragoodheart6661]

Can you argue without insult?

[@raphaelobinna476]

Why insult a man because of his opinion, he does not want to be part of biafra period which is still his choice. Please be civil.

[@emekatony2394]

Your the one that is irresponsible cause you don't know anything

[@krisken3944]

@@raphaelobinna476 but he was in full support of agbado master. Who's talking about Biafra? Or are you obsessed with the name Biafra? Do you need help?

[@krisken3944]

@@emekatony2394 go back to school.

[@larryenobakhare9040]

You supported it now you don’t?😅😅😅😅

[@jameskantiok9159]

You journalists display such cowardice by not holding the government accountable. Journalists are watchdogs, but not Nigerian journalists! So shameful! How can you talk about food security without addressing insecurity in the country? And you people are just laughing as if this was not important