President Bola Tinubu has mandated the Vice President,
Kashim Shettima to convene a high-level meeting aimed at addressing the
challenges in the oil and gas industry, especially the prevailing issues of
pricing and scarcity.
To this end, Shettima met with the Minister of State for
Petroleum Resources, Oil, Mr Heineken Lokpobiri, Group Managing Director of the
Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, and the
Executive Director, under the Nigerian Mainstream, Downstream and Petroleum Regulatory
Authority, Ugbogu Ukoha at the Presidential Villa on Thursday.
Reacting to questions posed to him, Lokpobiri said President
Tinubu is equally worried about the developments in the energy sector, saying
he is empathetic to the difficulties Nigerians are currently experiencing.
According to Lokpobiri the President has emphasized the need
for immediate reflection and action to ensure stability in fuel supply and
pricing.
He said the Vice President, in line with the President’s
directive, is spearheading efforts to ensure that petroleum products are
accessible across the country.
“This intervention is expected to address the uneven
distribution of fuel, with some areas facing shortages while others experience
higher prices,” he told State House reporters on Thursday .
He assured Nigerians that measures are being put in place to
increase the availability of petroleum products nationwide by the end of the
week.
He equally noted that while prices may vary in different
regions, the government’s goal is to ensure that fuel becomes more accessible,
which will ultimately help stabilize prices.
Lokpobiri, however, clarified that the federal government
has no hand in setting fuel prices, as the sector remains regulated.
He said, with increased product availability, it is expected
that market forces will naturally bring prices to a more stable level.
“The administration remains committed to addressing the
challenges and ensuring that the supply chain can meet the demands of all
Nigerians in the coming days,” the Minister stated.
Tinubu is currently on an official trip to China where he is
attending the FOCAC summit.
Recall that Nigerians woke up to fuel pump price adjustments
on Tuesday, shoring the price per litre from N617 to N897.
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com