Nigerians may enjoy easy Yuletide as NNPC pledges adequate fuel supply during ‘Ember Months’
As the Yuletide season beckons, the Nigerian National Petroleum Company (NNPC) has disclosed that appropriate supply arrangements have been made, so there won’t be a shortage of gasoline in December or beyond.
This was revealed by Mr. Umar Ajia, the Chief Financial Officer of NNPC Ltd., on Monday in Abuja when he testified before a House of Representatives ad hoc committee regarding the fuel subsidy system in Nigeria.
Even after the general election in 2023, according to Ajia, the corporation has put in place sufficient mechanisms to prevent a petrol shortage in the nation.
“We have extended our Direct Sales Direct Purchase (DSDP) contract by six months, to sustain the supply of PMS throughout the country.
“The DSDP contract in reality ended in August and it is a very dangerous period to begin to retender for that because we are facing the winter, these are the difficult “embers months’’ that we normally avoid fuel scarcity.
“You know the scarcity in Nigeria is really associated with the Christmas period so if you now tender, the tendering process will take one or two months.
“So, what the board approved is to extend the contract for six months such that we have passed the winter and we have passed the election, otherwise we could have problems during election,’’ he said.
Rep. Ibrahim Al- Mustapha (APC-Sokoto), the committee’s chairman, stated that an increase in the price of gasoline in Nigeria was necessary to keep pace with the market price.
Read also: IPMAN allays fears of fuel scarcity during Yuletide
Al-Mustapha claimed that the price of petrol in the Niger Republic, Mali, and Benin Republics was N536 per litre, N577 per litre, and N389 per litre, respectively.
However, Ajia said that fuel that was subsidised for Nigerians was being smuggled to neighbouring nations and that data on fuel consumption in the country may not necessarily be accurate.
He claimed that because of the porous borders, cheap fuel intended for Nigerian consumers travels as far as Mali and other nearby nations.
“If you have N5 million, you can cross the borders with trucks laden with petrol and that is the bitter truth, we have porous borders; yes we have customs but I do not know,” he said.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: 4 yrs after completion, Kwara PHC facility inactive, rural dwellers in pains
In the middle of the night sometime in September 2019, Fatimah Ballah struggled with severe pains as she tries to...
INVESTIGATION: How Oyo State, contractors spent N1.1bn on water projects, but communities don’t have a drop
Multimillion naira water projects largely initiated by the late Abiola Ajimobi-led state government in Oyo State to benefit over 40...
INVESTIGATION: In Cross River, civil servants retire into poverty as govt looks away, squanders funds on frivolities
Thousands of civil servants in Cross River State struggle to stay alive as they are denied their gratuities and monthly...
Students suffer as contractors abandon Kano school projects after receiving over N70m
In 2019, to improve the condition of public schools in Kano State, the Federal Government disbursed millions of naira to...
SPECIAL REPORT: World Bank road projects go bad in Enugu, as state govt fails to fulfill promise
Counterpart funded road projects between the world Bank and Enugu State government have started to fail, as the state government...