• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, August 25, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • 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

by Nse Anthony - Uko
3 years ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

 

Advertisement

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.

RELATED

Passengers Face Flight Delay As Multiple Bird Strikes Hit Air Peace Aircraft

4 Months To Yuletide: Air Peace, United Nigeria Jack Return Tickets To N677,000

19 hours ago
Equities’ Investors Lose N201bn W-o-W Amid Post-MPC Rebalancing

Broad-based Selloffs Deepen Market Losses By N2.29trn W-o-W

19 hours ago
ADVERTISEMENT

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.

ADVERTISEMENT

“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.

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.

 


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


SendShare10183Tweet6364Share
ADVERTISEMENT
Previous Post

Will Tinubu Dance His Way To Power?

Next Post

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

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

Passengers Face Flight Delay As Multiple Bird Strikes Hit Air Peace Aircraft
Business

4 Months To Yuletide: Air Peace, United Nigeria Jack Return Tickets To N677,000

2025/08/24
Equities’ Investors Lose N201bn W-o-W Amid Post-MPC Rebalancing
Business

Broad-based Selloffs Deepen Market Losses By N2.29trn W-o-W

2025/08/24
Presco Records N58.6bn Pre-tax Profit In Q1
Business

Presco’s Shareholders Approve N26.3bn Dividend

2025/08/24
Nigeria Leads Africa In Stablecoin Adoption with $22bn In Transactions
Business

Nigeria Leads Africa In Stablecoin Adoption with $22bn In Transactions

2025/08/24
Experts Advocate Strong Partnership, Intervention Models To Accelerate Shift To Renewable Energy
Business

Experts Advocate Strong Partnership, Intervention Models To Accelerate Shift To Renewable Energy

2025/08/24
FCMB Partners Leading Real Estate Firms On Affordable Housing
Business

FCMB Group Proposes Equity Capital Raise

2025/08/24
Leadership Conference advertisement

LATEST

Association Lauds Olu Of Warri Over Peaceful Reign

MWAN Decries Rise In Harmful Traditional Practices In Rivers

Electoral Reform: CSOs Want President Lose Power To Appoint INEC Chair

Communal Crises: NEMA Distributes Relief Materials To Ebonyi Communities

‘Nigerian-American Polymath Ready To Lead California’

1,000 Nomadic Children Benefit From Vacation Courses In Bauchi

Association Wants Africa’s Democracy To Go Beyond Regular Elections

Buni Mourns Yobe Varsity’s Student Amina

Ekiti 2026: Otunba Fayose Alleges Threat To Life

Julius Berger, Others Partner To Plant 20,000 Trees In Army Cantonment

© 2025 Leadership Media Group - All Rights Reserved.

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

© 2025 Leadership Media Group - All Rights Reserved.