FG Moves to End Nationwide Fuel Scarcity, Sets Up 14-man Steering Committee •Sylva directs marketers to stick to approved petrol prices Emmanuel Addeh in Abuja The federal government yesterday approved the constitution of
The federal government yesterday approved the constitution of a 14-man steering committee on petroleum products supply and distribution management, which will be personally chaired by President Muhammadu Buhari.
The minister further directed the NMDPRA to ensure that NNPC limited, which is the supplier of last resort, meets the domestic supply obligation of petrol and other petroleum products in the country. Others that made up the steering committee are the Authority Chief Executive, , Governor, Central Bank of Nigeria , Group Chief Executive Officer, NNPC Limited, Special Adviser to Sylva, while the Technical Advisor to the HMSPR will serve as Secretary.
Sylva explained that it is now widely acknowledged that, had OPEC not existed over the past 60 years, the global oil market would have been in perpetual chaos. Sylva also alluded to a pertinent challenge that currently threatens the oil and gas industry in Africa.
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