Junior Petroleum Minister, Dr. Ibe Kachikwu, will today meet fuel supply factors in the domestic market to work out strategies of arresting the worsening fuel scarcity that has grounded businesses in rural Niger Delta.
According to Nigerian National Petroleum Corporation (NNPC) the minister is billed to host strategy session with the Major Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) as well as Jetty and Tank Farm Owners Associations as well as all other relevant stakeholders in Abuja today.
He charged oil marketers across the country to cooperate with government to ensure speedy clearance of the fuel queues. “I am getting all the Majors to get involved and they must take charge of the situation and they must take responsibility for all their filling stations. Currently, there is enough supply and we are moving trucks massively to address the situation.
I have instructed the DPR and the Petroleum Equalization Fund and all the other agencies to work towards the Fast track movement of petrol bearing trucks and vessels,’’ Dr. Kachikwu stated.
On the approved payment of N413 billion subsidy claims to marketers, he reiterated that President Muhammadu Buhari has transmitted a letter to the National Assembly for the legislative approval of the subsidy claims, noting that the Central Bank of Nigeria (CBN) will make the funds available to the marketers once appropriated by the National Assembly.