• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, September 9, 2026
Leadership Newspapers
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
Hausa Edition
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

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
Share on WhatsAppShare on FacebookShare on XTelegram

 

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.

RELATED NEWS

Nigerian Stocks Sustain Decline, Loss N1.67trn

TotalEnergies, NNPC Boost STEM Education In Abuja School With New Lab Centre

Non-utilisation: Flare Gas Awardees Risk Losing Permits — NUPRC

“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.

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.

 

We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Nigerians can invest ₦2.5million on premium domains and earn about ₦17-25Million. Earnings in USD. Rather than wonder, click here to find out how it works

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.

OTHER NEWS UPDATES

Nigerian Exchange Engages FTSE Russell, Investors Over Nigeria’s T+1 Settlement, Market Reclassification
Business

Nigerian Stocks Sustain Decline, Loss N1.67trn

2 hours ago
TotalEnergies, NNPC Boost STEM Education In Abuja School With New Lab Centre
Business

TotalEnergies, NNPC Boost STEM Education In Abuja School With New Lab Centre

3 hours ago
Non-utilisation: Flare Gas Awardees Risk Losing Permits — NUPRC
Business

Non-utilisation: Flare Gas Awardees Risk Losing Permits — NUPRC

5 hours ago
Next Post
Fuel Scarcity: Federal Govt Moves To Restore Normalcy

Naira Scarcity: Sales Of Made-in-Nigeria Goods May Drop 25% – MAN

Advertisement

LATEST UPDATE

BREAKING: Sanwo-Olu Approves Badejo Olawunmi As LASU Vice Chancellor  

19 minutes ago

Dangote Refinery IPO: Stanbic IBTC Commits To Market Access

1 hour ago

Gabriel Jesus Marks Barcelona Champions League Debut With Goal In Feyenoord Rout

2 hours ago

Nigerian Stocks Sustain Decline, Loss N1.67trn

2 hours ago

FIFA U-20 Women’s World Cup: Nigerian Ambassador Lifts Falconets, Urges Focus On China Match

2 hours ago
Load More
Advertisement
Facebook Twitter Instagram Youtube Whatsapp

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2026 LEADERSHIP Media Group - All Rights Reserved | Hausa | Online Casino.