Peter Mbah, founder and chief executive officer (CEO) of Pinnacle Oil and Gas Limited, has attributed the persistent fuel shortages and the associated discomfort being experienced by Nigerians to insufficient investments in the downstream oil and gas sector.
Author:Peter Mbah, governorship candidate of the Peoples Democratic Party in Enugu, has attributed the persistent fuel shortages and the associated discomfort being experienced by Nigerians to insufficient investments in the downstream oil and gas sector.
, 2022, Nigeria has witnessed extended periods of petroleum products scarcity, especially petrol, which sparked a number of disputes and blame-shifting between the regulatory bodies and oil marketers.The crisis, according to Mbah, was caused by a lack of investment in the downstream sector, a problem that his company, Pinnacle Oil and Gas, has begun to address with the opening of the “largest” storage terminal in West Africa in Lagos last year.
Explaining why he had come along with Nasiru Ado-Bayero to the villa to see the president, Mbah said it was a visit to express appreciation to Buhari for inaugurating the company’s facilities at Lekki, Lagos state, in October last year.
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.
Go for competent contractors -- not political ones, Wike advises new NDDC board | TheCableNyesom Wike, governor of Rivers state, has advised the new board of the Niger Delta Development Commission (NDDC) to do things differently. The new board members were inaugurated on Wednesday.
Read more »
Court convicts Akwa Ibom PDP governorship candidate over cheating, orders arrest | TheCableA chief magistrate court in the federal capital territory has ordered the arrest of Umo Eno, governorship candidate of the Peoples...
Read more »
'N3trn spent on privitisation without benefits' -- electricity workers ask FG to reform power sector | TheCableThe National Union of Electricity Employees (NUEE) has taken a swipe at the federal government over its injection of “N3 trillion” into private electricity companies. Joe Ajaero, secretary-general of NUEE,
Read more »
Garba Shehu: Why presidency had to respond to Obasanjo's New Year message | TheCableGarba Shehu, the presidential spokesperson, has explained why the presidency reacted to the New Year message of Olusegun Obasanjo. Shehu spoke on Thursday during an interview on ‘Real Talk with
Read more »
PHOTOS: Large turnout, slow pace as INEC begins PVC distribution at ward level | TheCableProspective voters, on Friday, trooped to registration areas/wards across the country to collect their permanent voter cards (PVCs).
Read more »