Nigerians are in for a rough ride in the coming days as
there seem to be no respite on the now lingering fuel scarcity that has
bedeviled the nation for some days now.
This is because of import failure by players in the domestic oil market. Their failure came as a direct result of government agencies’ inability to manage fuel subsidy and lack of efforts to amicably settle with the marketing groups in the country over an outstanding N200 billion claim.
An investigation by The Union indicates that majority of Nigeria’s private fuel depots have been exhausted. At the moment, all marketers depend on the Nigerian National Petroleum Corporation (NNPC) for supply.
NNPC brings in some 60, 000 metric tonnes of fuel from its reserves to allocate to the major and independent marketers, with special delivery to megastations operated by the group and the five major marketers in Nigeria.
A source at one of the depots disclosed that, private marketers in the country have stopped importation on the fears that the incoming Buhari government might disassociate itself from subsidy outstanding payments.
He opined that, it would be too risky for any marketer to pump his or her hard earned funds in fuel importation as the incoming ruling party, the All Progressives Congress (APC) spokesman, Lai Mohammed, had consistently criticized the domestic subsidy.
Although the source said, importation by private marketers might continue after Muhammadu Buhari’s government resumes later this month.
When contacted, the Executive Secretary of the Major Oil Marketers Association of Nigeria (MOMAN), Mr. Thomas Olawore, said the marketers currently have no funds to finance importation, following unresolved N200 billion subsidy claim.
Meanwhile, the ongoing fuel scarcity in the country has caused havoc as it claimed the life of a commercial driver in Ibadan, Oyo State.
This is because of import failure by players in the domestic oil market. Their failure came as a direct result of government agencies’ inability to manage fuel subsidy and lack of efforts to amicably settle with the marketing groups in the country over an outstanding N200 billion claim.
An investigation by The Union indicates that majority of Nigeria’s private fuel depots have been exhausted. At the moment, all marketers depend on the Nigerian National Petroleum Corporation (NNPC) for supply.
NNPC brings in some 60, 000 metric tonnes of fuel from its reserves to allocate to the major and independent marketers, with special delivery to megastations operated by the group and the five major marketers in Nigeria.
A source at one of the depots disclosed that, private marketers in the country have stopped importation on the fears that the incoming Buhari government might disassociate itself from subsidy outstanding payments.
He opined that, it would be too risky for any marketer to pump his or her hard earned funds in fuel importation as the incoming ruling party, the All Progressives Congress (APC) spokesman, Lai Mohammed, had consistently criticized the domestic subsidy.
Although the source said, importation by private marketers might continue after Muhammadu Buhari’s government resumes later this month.
When contacted, the Executive Secretary of the Major Oil Marketers Association of Nigeria (MOMAN), Mr. Thomas Olawore, said the marketers currently have no funds to finance importation, following unresolved N200 billion subsidy claim.
Meanwhile, the ongoing fuel scarcity in the country has caused havoc as it claimed the life of a commercial driver in Ibadan, Oyo State.
Popular
Tags
Videos
0 comments:
Post a Comment
We appreciate your Comments! Share your comments below! Click on "POST A COMMENT" and select Anonymous or login with your gmail acct..! Join Our BBM Channel C00477B90...