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Fuel Scarcity: Buhari meets Kachikwu, Baru, marketers, others Monday


President Muhammadu Buhari has summoned stakeholders in the sub-sector of the economy to a major engagement in Aso Rock tomorrow (Monday), vanguard reports.

According to the newspaper, the parties invited included Dr. Ibe Kachikwu, Minister of State for Petroleum Resources; Mr. Maikanti Baru, Group Managing Director, Nigerian National Petroleum Corporation, NNPC; Mr. Mordecai Ladan, Director, Department of Petroleum Resources; Mr. Femi Olawore, Executive Secretary, Major Marketers Association of Nigeria, MOMAN; Mr. Mike Osatuyi, National Operation Controller, Independent Marketers Association of Nigeria, IPMAN; and Mr Olufemi Adewole, Executive Secretary, Depot and Petroleum Products Marketers Association, DAPPMA.

The invitation is  at finding lasting solutions to the crisis that has already impacted very negatively on the nation’s post recession economy. Specifically, it was gathered that the meeting, to be presided over by Buhari, who doubles as the nation’s Petroleum Minister, will review all the issues involved in the scarcity, embrace the inputs of stakeholders and adopt measures that could assist to end it. Informed sources disclosed that the meeting will also seek to end the blame game, as well as forge closer cooperation among stakeholders, especially NNPC and oil marketers. It would be recalled that members of DAPPMA had earlier identified inadequate supply as a major cause of the scarcity, explaining that their filling stations were not supplied with fuel.

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The NNPC, in a statement in Abuja by its Group General Manager, Public Affairs Division, Mr. Ndu Ughamadu, had described DAPPMA’s claims as unfortunate, stating that it had continued to supply the marketers huge quantities of the product despite the group’s N26.7 billion debts to its subsidiary, the Petroleum Products Marketing Company, PPMC, as at December 21, 2017. But the Executive Secretary, DAPPMA, Mr. Olufemi Adewole, countered in a statement that members have paid for petrol supplied (with bank funds) for over one month, the value of which is in excess of N90 billion, yet PPMC/NNPC had no cargo to allocate to them.

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“It is an indisputable fact that DAPPMA members have paid for petrol supply (with bank funds) for over one month, the value of which is in excess of N90bn, yet PPMC/NNPC had no cargo to allocate to them. As such, how can we be held responsible for hoarding? “PPMC/NNPC do not transact business with DAPPMA members on credit, hence we are not aware of any indebtedness to PPMC/NNPC by our members. We again reject any attempt to blame marketers for the shortfall in supply as it is not our making since NNPC has been the sole importer since October, 2017.

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“Marketers have continued to sacrifice to keep the country wet with fuel despite over N600bn debt owed our members and over N800bn owed marketers as a whole by the Federal Government. We assure Nigerians, irrespective of NNPC’s stance that all possible steps are being taken as we have always done, to co-operate with PPMC/NNPC to eliminate the fuel queues nationwide within the next few days.”

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