Business Day (Nigeria)

NNPC, NUPENG, marketers allay fears of fuel scarcity at yuletide

... 2bn litres available

- OLUSOLA BELLO

Major stakeholde­rs in the downstream sector of the petroleum industry have allayed fears of any fuel scarcity, nor strike in the build-up to yuletide, saying they would ensure a steady supply of Premium Motor Spirit (PMS) - petrol for the period and even beyond.

According to them, they are joining hands with the government to remove all obstacles that may impede steady supply of fuel to Nigerians during the season.

They gave the assurance when Mele Kyari, group managing director, Nigeria National Petroleum Corporatio­n (NNPC) visited Ijegun Egba Satellite Depot, Lagos, to assess the state of road infrastruc­ture leading to the depot.

The NNPC chief, who said he was in the depot because respite had come through the palliative­s depot owners, put in place by pulling together their resources to fix the road infrastruc­ture. He said the result would be that there would be free movement of trucks from Ijegun to other locations throughout the country.

Around 18 million litres of PMS are loaded from the depots on a daily basis.

He said: “There would be wider engagement of all other stakeholde­rs to put a permanent solution to the issue of road infrastruc­ture around the depot. The stakeholde­rs being engaged are the NNPC, Federal Ministry of Works, Lagos State government, and depot owners to make sure there is a lasting solution to this road problem.”

He stated that in the meantime the depot owners had done a good job and there was a palliative solution that would ensure that products were delivered throughout the country.

The NNPC helmsman explained that there was 2 billion litres of PMS in store for the country, which was enough beyond the yuletide. Because of the poor state of road networks truck owners under the Petroleum Truck Drivers (PTD) directed its member to suspend activities in the depot until something tangible was done by the government.

Their action resulted in locking up around 300 million litres of PMS, a situation that has made the truck drivers to now divert to depots in Apapa for loading thereby compoundin­g the already congested Apapa roads.

“We are here because respite has come, the depot owners have been able to pull their resources together to put the road infrastruc­ture in place through the Nigerian Army corps of Engineers, and the result would be that there would be free movement of trucks from this location to other locations throughout the country.

House of Representa­tives has also said it would do everything possible to support the NNPC and other stakeholde­rs to ensure that there is robust supply of PMS during the yuletide.

 ??  ?? L-R: Bolarin Okunowo, non-executive director, Chemical andallied Products plc (CAP); Oscar Onyema, CEO, Nigeria Stock Exchange (NSE); Awuneba Ajumogobia, chairperso­n, CAP plc; David Wright, managing director, CAP plc, and Udo Okonjo, non-executive director, CAP plc, at the closing gong ceremony at the NSE in Lagos, yesterday.
Pic by Pic Pius Okeosisi
L-R: Bolarin Okunowo, non-executive director, Chemical andallied Products plc (CAP); Oscar Onyema, CEO, Nigeria Stock Exchange (NSE); Awuneba Ajumogobia, chairperso­n, CAP plc; David Wright, managing director, CAP plc, and Udo Okonjo, non-executive director, CAP plc, at the closing gong ceremony at the NSE in Lagos, yesterday. Pic by Pic Pius Okeosisi

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