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Fuel Scarcity: Federal Govt Moves To Restore Normalcy

14-man committee for inauguration next week – Sylva

Nse Anthony-Uko by Nse Anthony-Uko
4 years ago
in Business
Osinbajo 17
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As part of plans to ensure that normalcy returns to the country after the lingering petrol scarcity, the federal government said it is working with all relevant stakeholders to finding a lasting solution.

Minister of state, Petroleum Resources, Chief Timipre Sylva, who spoke newsmen shortly after inspecting some filling stations in the Federal Capital Territory (FCT), assured that the issue has been resolved.

The minister said the 14-man committee, which is also part of the solution mechanism, would be inaugurated next week to ensure that the situation normalise totally.

Recall that President Muhammadu Buhari recently approved constitution of a 14-man Steering Committee on Petroleum Products Supply and Distribution management to find lasting solution to the disruptions in distribution of petroleum products.

Chief Sylva, who inspected some filling stations in the FCT,  including Conoil and TotalEnergies filling stations in Central Area, to assess the level of supply, expressed satisfaction that the scarcity has indeed been contained.

“Mr President directed that we must ensure that the fuel supply situation is normalised quickly. And that is why I have to ensure that we sort out this problem.

“A lot of things have been done. All hands have been on deck, the NNPC Limited, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and stakeholders in the supply chain have come together to ensure that the problem is resolved.

“This is not the time for us to apportion  blames as  the most important thing is that the problem has been resolved and you can see now the queues are no longer there, at least in the FCT we are going around to ensure they have  disappeared,” he said

On marketers who are selling above approved price, especially in other states, he said it was a regulatory issue and within the purview of the NMDPRA  to sanction those marketers.

Sylva added that the authority would tackle the issue.

Speaking on the conflicting ex-depot price, he described it as commercial details under the purview of the NNPC Ltd., saying he would ensure that  all those conflicting problems were resolved.

The minister noted that the importation of the petroleum product is a problem because a lot of people cannot access the foreign exchange.

“The fuel situation also has nothing to do with politics.  Anything,  including natural disasters like flood can trigger the fuel distribution hindrance because they are natural factors we are not in control of.

“A lot of the problems that caused fuel scarcity and queues are not within our control there are also all kinds of people who are ready to take advantage of situations and caused problems by seeking for opportunity to make money, hoard and smuggle the product.

“These require intervention of the security agencies and the recent engagement with them definitely helped,” he said.

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He expressed sadness about the situation which had subjected Nigerians to pain and frustration, adding the President, was also pained that the citizens were passing through the hardship.

In the bid to futher ensure energy  sufficiency, Sylva said the refineries across the country were being rehabilitated and mordula refineries were being anabled while the government was doing everything to ensure scarcity did not reoccur again.

“We had to take 20 per cent stake in Dangote Refinery, these are all efforts by the government to ensure the problem is solved permanently,” he said.

Manager, Conoil Filling Station, Mr Francis Sule, confirmed that the queues had reduced.

Sule added that one of the problem the station encountered was associated with Point of Sale (PoS) machine transactions.

 

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Nse Anthony-Uko

Nse Anthony-Uko

Nse Anthony-Uko is a business and financial journalist with over two decades of experience covering Nigeria's financial system, economy, energy sector, corporate landscape, and global economic developments. Her expertise blends frontline journalism with editorial leadership and a strong grasp of financial market dynamics. She has earned multiple professional recognitions and was selected for the International Visitors Leadership Programme (IVLP) in the United States.

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