HomeEconomy#House of Reps Demands Clampdown on Hoarders as Nigerian Government Begins 15-day...

#House of Reps Demands Clampdown on Hoarders as Nigerian Government Begins 15-day Emergency Fuel Supply to End Scarcity


HEADLINENEWS.NEWS correspondent gathered that the Nigerian government has begun a 15-day emergency supply to end the fuel scarcity nationwide.

The South West Regional Coordinator of the NMDPRA, Engr. Ayo Cardoso disclosed this in a statement.

Recall that fuel scarcity has lingered across Nigeria for days. Although the Nigerian National Petroleum Company Limited (NNPCL) assured that it had sufficient petrol to go around the country, the scarcity has persisted.

Corroborating NNPCL’s position, Cardoso said barely two days ago, the country received 300 litres of Premium Motor Spirit.

He stressed that Nigerians do not need to panic as the fuel queue will soon vanish.

“As I said earlier, there would be enough fuel across Nigeria soon. We have received over 300 million litres as of Tuesday.

More have arrived, but I can’t give you the figure. Vessels will keep arriving in Nigeria for 15 days, which started counting on Monday, and we will keep distributing the product nationwide.

“The masses should not panic; all these will soon vanish. We are not prioritising anywhere; each state has its allocation to be delivered accordingly,” Cardoso stated.

Meanwhile, the House of Representatives Committee on Petroleum Resources (Downstream and Midstream) has called on security agencies to pick up hoarders of Premium Motor Spirit, also known as petrol, as the scarcity of the products continues to challenge Nigerians nationwide.

Addressing a press conference at the National Assembly Complex, Abuja, on Wednesday, the co-chair of the committee and Chairman, House Committee on Petroleum Resources (Downstream), Ikenga Ugochinyere, said although there was enough petrol to service the country for about 30 days, the supply and distribution to marketers was disrupted by challenges of transport vessels “That was supposed to take the products from offshore to onshore.”

Ugochinyere, who represents Ideato North/South Federal Constituency of Imo State, said, “We strongly frown at the activities of middlemen who have taken advantage of the short disruption of supply, to maximize profit and generate an inordinate gain for themselves, at the detriment of our people.

We hereby call on security forces to support the Nigerian National Petroleum Company Limited, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Petroleum Products Retail Outlets Owners Association of Nigeria, the Nigerian Association of Road Transport Owners and other key stakeholders in the distribution chain, to ensure that acts of economic sabotage that has to do with hoarding, arbitrary increment in price, products diversion and smuggling are detected and dealt with.

“Our people have been through a lot in the last few days and we must not plunge them into further pains. We appeal to all traders and those rendering services not to unduly take advantage of this temporary challenge, which will be cleared in the next few days.”

The Committees assured Nigerians that the challenges would be overcome in a few days.

Ugochinyere said, “It is so painful that Nigerians have been subjected to great hardship and pains as a result of the scarcity of petroleum products in the past few days. This development has led us as representatives of the people, to engage with the regulators of the relevant sectors to find out the cause(s) of this scarcity and provide solutions to same.

“We express our concerns over the temporary presence of fuel queues in petrol stations nationwide. This has adversely affected the lives and businesses of Nigerians across the country. As elected representatives of the Nigerian people, we are greatly disturbed by this development.

However, we are convinced that this is temporary and that we will get over it in a few days. From our investigations, we have found out that petrol products are available. We have it on good authority that we have at least 1.5 billion litres of petrol in our storage facilities that can last for 30 days.

It is, however, saddening to note that it is as a result of logistics that the queues have resurfaced. These logistic issues range from difficulty in transporting products from the mother vessel to the respective petrol stations. Movement of products from offshore marine vessels to the stations, disruption from Escravos channels.

“We have gotten the assurances from the regulators in the value chain that these bottlenecks are being cleared. In the course of this public holiday, more grounds will be covered. From our findings, the issues that necessitated the disruptions which led to the appearance of fuel queues in petrol stations have been cleared,” he said.

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