Petrol Scarcity: Presidency Summons Stakeholders

Hamilton Nwosa
Writer

Ad

APC secures two-thirds senate majority as Enugu Labour Party senator defects

By Obinna Uballa The ruling All Progressives Congress (APC) has tightened its grip on the Senate after Senator Kelvin Chukwu, representing Enugu East, defected from the Labour Party (LP) to the APC. Senate President Godswill Akpabio formally announced Chukwu’s defection during Wednesday’s plenary, raising the APC’s strength in the upper chamber to 73 seats, a…

Crude Oil Futures Rise on Supply Data and OPEC+ Outlook

Oil prices rose early on Wednesday after an industry report showed on Tuesday that the crude stocks at the key Cushing hub fell further and OPEC+ somewhat eased fears of an imminent glut with a planned modest increase in output. As of 8:05 a.m. EDT on Wednesday, WTI Crude prices were up by 1.44% at $62.62, while…

Ad

Presidency on Tuesday in Abuja summoned critical stakeholders in the nation’s oil sector and the leadership of security agencies in the country to end the scarcity of petrol in the country.

Source reports that the meeting, presided by the Chief of Staff to the President, Alhaji Abba Kyari, is being held behind closed doors.

The meeting is also being attended by the Minister of Petroleum, Mr Ibe Kachikwu, Director-General of the Directorate of State Service (DSS), Lawal Daura, and the Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC). Maikanti Baru.

Others attending the meeting are the Comptroller-General of Immigration, Alhaji Muhammed Babandede, some presidential aides and other stakeholders in the oil industry.

President Muhammadu Buhari had on Jan. 1, during a nationwide broadcast, expressed sadness over the unnecessary hardships inflicted on Nigerians during the Christmas and New Year celebrations following acute petrol scarcity across the country.

He attributed the hardships to the activities of a few but heartless individuals working within the nation’s oil and gas sector.

Buhari, however, reiterated the determination of his administration to get to the root of the persistent petrol scarcity, and ensure that whichever groups were behind this manipulated blackmail would be prevented from doing so again.

The scarcity is said to be caused by greedy marketers who tried to take undue advantage of the high inter-state movements during the season.

NAN, however, observed that the long queues in filling stations in Abuja and Lagos have disappeared in the last two days as promised by the GMD of NNPC, Maikanti Baru.

Baru also on Friday vowed that Nigerians would not go into 2018 with the scarcity of petroleum products.

 

(NAN)

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp