The Nigerian National Petroleum Company (NNPC) Limited announced yesterday that it had over 1.6 billion litres of Petroleum Motor Spirit (PMS) in store for Nigerians across the country to consume.
Mele Kyari, the agency’s Group Managing Director, made the announcement in Abuja during the launching of the Association of Distributors and Transporters of Petroleum Products.
Mr Adeyemi Adetunji, Chief Executive Officer Downstream, NNPC Tower, represented Kyari at the event.
He said, “NNPC as of today has 1.6 billion litres of PMS which is about 27 days sufficiency.
“This is to assure Nigerians again that there is adequate supply of PMS and it is getting to all nooks and crannies of Nigeria. We will continue to ensure that we facilitate the availability of PMS.
“I appreciate all Nigerians for all the patience and cooperation as we get back to normalcy in terms of petroleum products distribution in the country.
“After the challenge, we had in January and the global environment for energy got worsened with the crisis in Ukraine and Russia, NNPC will do its best to alleviate the plight of Nigerians.”
He explained that the corporation has been collaborating with all oil and gas players to give palliatives.
He further stated that the company is committed to ensuring the free flow of petroleum motor spirit in all parts of the country.
“We are working with the authority, we are working with Nigerian Association of Transport Owners and Petroleum Tanker Drivers.
“ Right now, we are going to work with ADITOP to ensure we create normalcy to the situation,” he said.
Chief Timipre Sylva, Minister of State for Petroleum Resources, also spoke at the event and urged industry stakeholders to make petroleum products available to consumers.
Famous Asiegbu, the ministry’s Director of Human Resources, represented Sylva.
He stated that the ministry would continue to provide the association with the necessary assistance.
Alhaji Lawan Dan-Zaki, President of the ADITOP, stated that if properly executed and selflessly, the Petroleum Industry Act (PIA) might serve as a model for national resource management.
He said, “Nigeria has a wealth of natural resources, with petroleum playing a major role in the economy.
“Unfortunately, in the Nigerian economy, the distribution of petroleum products is plagued by complex issues resulting in product outages, inflated costs, and disagreements over the product’s pump price.”
He went on to say that ADITOP was ready to engage with all of the industry’s main players to address the issues.
Mr Chinedu Okoronkwo, President of the Independent Petroleum Marketers Association of Nigeria, said the organization’s formation represented a fresh road map for the oil and gas business.
Prior to the formation of ADITOP, he added, marketers had no association that could combine the actions of truck ownership.
He said, “We are in a season that we are losing members because those not in the business have hijacked our business.”
“With the collaboration with ADITOP, there will be no more strike where people will lock NNPC depot. All these excesses would be checked,” Okoronkwo added.
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