shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Fuel Scarcity: Marketers Kick Against NNPCL Import Monopoly

Fuel Scarcity: Marketers Kick Against NNPCL Import Monopoly

by Joshua
December 19, 2022
in Oil and Gas

Oil marketers have criticised the import monopoly held by the Nigerian National Petroleum Company Limited, noting that the situation was not helping the petrol market.

NNPC-Limited

In his presentation at a virtual press workshop themed, ‘Deregulation: Understanding the Downstream Supply Chain’ held in Lagos on Monday, General Manager, Operations, TotalEnergies Marketing Nigeria Limited, Abdulmutalib Rabiu, called for an end to NNPCL’s petrol import monopoly.

Represented by an independent consultant and former Group Executive Director, NNPC, Bello Rabiu, TotalEnergies general manager said the Federal Government should allow healthy competition by granting licenses and access to foreign exchange to marketers willing to get into the products importation business.

“But so long as NNPCL remains the sole importer of products importation, the amount spent on importation should be published for everyone to see because it is public fund that the company is using to bring in the products,” he noted.

Chairman, Major Oil Marketers Association of Nigeria, Olumide Adeosun, said there were about 2.5bn litres of petroleum products onshore Lagos waters.

According to him, although the association was sure that there was sufficient products in-country, the only challenge was lack of investment in infrastructure to guarantee fast and smooth distribution of the products to eradicate the scarcity.

“As you can see, as of November, statistics showed that there was enough products onshore Lagos. However, tight daughter vessel availability is hampering efforts to discharge offshore Lagos, contributing to logistics constraints that have seen shortages spring up across the country.

“The dialogue with the Nigerian people needs to begin to identify, negotiate and agree these areas and begin implementation to save the downstream industry, which has been in freefall due to a lack of investment to maintain, renew and grow assets and facilities such as refineries, pipelines, depots, trucks, and modern filling stations.”

Secretary and Chief Executive Officer, MOMAN, Clement Usong, while rounding off the session, said full deregulation of the petroleum downstream sector should be implemented in phases to cushion the effects of the sharp rise in Premium Motor Spirit prices.

“Having subsidised PMS for so long, Nigerian institutions now have a diminished capacity to deal with the current local energy crisis. A disruption in any part of the supply chain causes ripple effects and results in queues at stations. As a country, we must begin the process of price deregulation to reduce this inefficient subsidy,” he said.

Meanwhile, a socio-political group, the Natives, on Monday in Abuja, decried the burden of fuel subsidy on the growth of Nigeria economically.

The group urged the State Security Service to go after oil marketers over the fuel scarcity in the country.

Speaking during a press briefing in Abuja, the leader of the group, Smart Edwards, commended the intelligence agency for enforcing ‘sanity and order’.

Read Also:  Financial Constraints Threaten Non-Oil Exports In Nigeria

“We are glad to hear and see the DSS as not only restraining or curtailing threats but rising up to enforce sanity and order. It has now become normal that as every festive season approaches, the gang in the oil industry and national saboteurs embark on their evil ride to create artificial scarcity and ensue hardship on citizens to satisfy their profiteering.

“How can we explain that the GCEO NNPCL Mele Kyari, in his recent determination to sustain gains from the relative peace and discoveries in the Niger Delta, has not only been seen moving from location to location to ascertain fuel availability all over the country and he even announced that there is enough fuel in the depots to meet the consumption of citizens over this period. Then, suddenly, scarcity emerges to the extent that half of the roads are now blocked, creating the emergence of long queues again in the country. This, for us, is absolutely a case of sabotage and requires thorough investigations.

“Last month, the Ex-Militant, Government Tompolo, made a grand exposure of the conspiracy in and around Nigeria’s crude oil by IOCs, powerful forces and locals. The revelation also exposed collaboration by security agencies. In the same vien the Mele Kyari, GCEO NNPCL once said his life was under threat. This, no doubt, reveals that there is a hidden powerful cartel behind this plundering of the Nation’s Wealth, who are economically profiting from National Sabotage.

The group said Nigerians should support the security forces to expose those trying to sabotage the Nigerian economy.

shippingposition

Kindly like us on Facebook/twitter


Tags: Fuel Scarcity

Related Posts

Nigeria Bounces Back, Emerges As Africa’s Highest Crude Oil Producer For November 2022

Nigeria Bounces Back, Emerges As Africa’s Highest Crude Oil Producer For November 2022

December 19, 2022
Financial Constraints Threaten Non-Oil Exports In Nigeria

Financial Constraints Threaten Non-Oil Exports In Nigeria

December 19, 2022
Don’t Embark On Strike Over Fuel Scarcity — IPMAN Appeals To Members

Don’t Embark On Strike Over Fuel Scarcity — IPMAN Appeals To Members

December 19, 2022
Gas Project: NNPC Ltd Signs MoU With Ghana, Gambia, Guinea Bissau Oil Firms

Gas Project: NNPC Ltd Signs MoU With Ghana, Gambia, Guinea Bissau Oil Firms

December 12, 2022

Latest News

LASWA Trains School Children in Riverine Public Schools in Epe Swimming Lessons 

LASWA Trains School Children in Riverine Public Schools in Epe Swimming Lessons 

January 30, 2023

QUESTION OF THE WEEK: What is “Shipped On Board” in Logistics?

SHIP TALK: Different Types Of Bill Of Lading

Shipping Company Sentenced in MARPOL Violation Case, Engineer Acquitted

INCREDIBLE: Boy Ends up Accidentally Traveling 1600NM in a Locked Shipping Container

Minister Hails Military’s Fight Against Piracy In Gulf Of Guinea

U.S. Naval Commander Attributes Drop In Piracy To Obangame Exercises

Here’s Welcoming Lekki Deep Seaport

Do you think the Federal Government is sincere about the CVFF disbursement?

BREAKING: President Buhari Commissions Dala Inland Dry Port

VESSELS EXPECTED AT LAGOS PORTS AS AT 30TH JANUARY, 2023.

Despite Commissioning, Infrastructure Deficits Delay Actual Commercial Operations At Lekki Port By Months  

kindly like our Facebook page

Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says
Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says

December 19, 2022

The World Health Organisation has said that the number of people estimated to have died as a result of living...

Health Benefits And Side Effects Of Bitter Leaf

Health Benefits And Side Effects Of Bitter Leaf

December 12, 2022
More Women May Die During Childbirth In West Africa — Report

More Women May Die During Childbirth In West Africa — Report

December 12, 2022
The Many Wonderful Uses Of Onions

The Many Wonderful Uses Of Onions

December 5, 2022
Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

December 5, 2022
COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

December 5, 2022
Panic As Monkeypox Spreads To 32 States, Cases Now 604

Panic As Monkeypox Spreads To 32 States, Cases Now 604

November 28, 2022
Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

November 28, 2022
Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

November 28, 2022
Infertility Red Flags Men, Women Should Not Ignore – Experts

Infertility Red Flags Men, Women Should Not Ignore – Experts

November 28, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition