Petrol Scarcity: Presidency Summons Stakeholders

Hamilton Nwosa
Writer

Ad

Oil Prices Dip as Rising U.S. Inventories Deepen Oversupply Fears

U.S. crude inventories rose by 4.4 million barrels last week, marking a third consecutive weekly build and intensifying oversupply worries. China is stockpiling crude amid soft refinery demand, contributing to a months-long buildup of global oil reserves. Goldman Sachs forecasts a 2 million bpd global surplus by 2026, projecting Brent to average $56 and WTI…

JUST IN: Senator Okey Ezea of Enugu North Dies in UK at 62

By Obinna Uballa Senator Okey Ezea, representing Enugu North Senatorial District, has reportedly passed away while receiving medical treatment in the United Kingdom, according to early reports. No further details on the circumstances of his death have been made available. Ezea, a member of the Labour Party, was the only remaining National Assembly lawmaker from…

Nigerians React as Armed Bandits Wreak Havoc on Church in Kwara

By Abiola Olawale Nigerians have begun to demand immediate action on insecurity following a devastating attack by armed bandits on a Christ Apostolic Church (CAC) in Eruku, Kwara State. The assault, which reportedly claimed the lives of three persons and the abductions of many, has sparked mass panic. ​The New Diplomat reports that the community…

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

X whatsapp