'... these glitches started well early in 2022. It has nothing to do with this election period,' the NNPC boss said.
Limited on Thursday said the lingering petrol scarcity across the country is not a deliberate action to sabotage the forthcoming general elections.
But speaking on Thursday, Mr Kyari said there is a very cumbersome logistics that has disrupted the supply chain of petroleum products. “Today let me just put it clearly, our redundancy in terms of petroleum product supply is just three days in this country. When you have a glitch that extends longer than three days, you will need another three weeks to stabilize it,” he said.
He said: “Who is controlling scarcity and for what benefit? It is absolutely out of context. It is impossible. We are doing everything possible to contain the situation. Yes, there are lots of glitches. “We don’t own all the trucks, filling stations, and depots in the country and there are other security issues associated with it, such as managing the roads to be accessible and we do intervene in all these places.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Abuja fuel queues disappear, NNPC pumps 67 million litresThe queues for Premium Motor Spirit, popularly called petrol, cleared suddenly in most parts of Abuja, Niger, Nasarawa and other states
Read more »
Cadbury Nigeria records N55 billion revenue in 2022 | The Guardian Nigeria News - Nigeria and World NewsCadbury Nigeria Plc, a subsidiary of Mondelēz International, has announced a turnover of N55.21billion for the year ended December 31, 2022, representing an increase of 30.3 per cent over N42.37 billion recorded in the same period in 2021.
Read more »
Nigerian Oil Corporation, NNPC Limited Takes Over Chinese Firm, Addax Petroleum | Sahara ReportersThe Nigerian National Petroleum Company (NNPC) Limited on Tuesday, announced the taken over of Addax Petroleum’s production sharing contract (PSC) assets. Addax is owned by Sinopec, a state-owned Chinese firm. NNPC Limited, which disclosed this in a statement issued via its official Twitter handle, said that its Group Chief Executive Officer, (GCEO), Mele Kyari and Yonghong Chen, outgoing managing director (MD), Addax, signed the closing documents on behalf of the two parties.
Read more »
Gombe: 115 killed, 1,146 injured in 2022 – FRSCThe Federal Road Safety Corps (FRSC) says 115 people were killed and 1,146 injured in road crashes in Gombe State in 2022.
Read more »
Nigeria’s Public Debt Rises To N44.06Trillion In Q3 2022 –National Bureau Of Statistics | Sahara ReportersA report by the National Bureau of Statistics (NBS) has shown that in the third quarter (Q3) of 2022, Nigeria’s public debt stock rose to N44.06 trillion ($101.91 billion) from N42.84 trillion ($103.31 billion) recorded in the second quarter (Q2) of the same year. The data was contained in the NBS' Nigerian Domestic and Foreign Debt Report for Q3 2022 released in Abuja on Tuesday, January 31, 2023. According to the report, Nigeria’s public debt stock, which includes external and domestic debt, increased by 2.84 per cent in Q3 of 2022.
Read more »
We’ll make sure petrol is available during elections, NNPC assures INEC | TheCableThe Nigerian National Petroleum Company (NNPC) Limited says it will make sure petrol is available during elections. Since February 2022, Nigeria has witnessed extended periods of scarcity of petroleum products,
Read more »