Buhari Releases N413 Billion To Marketers To Avert Fuel Crisis

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By Sadiq Umar – The Federal Government on Wednesday approved the immediate payment of N413 billion to oil marketers as outstanding payment for subsidy claims.President Muhammadu Buhari

The decision is taken to avert crisis in the supply of petroleum product which is beginning to cause panic buying and long queues in parts of the country.

A statement by the Group General Manager, Group Public Affairs Division of NNPC, Ohi Alegbe, on Wednesday in Abuja, said that the move was to ensure that zero fuel queues bolstered.

According to the statement, with the payment, the marketers and other downstream players would cooperate with the NNPC to guarantee steady supply of products all year round.

It assured that the NNPC has increased measures to eliminate the noticeable fuel queues in some petrol stations across some major cities in the country.

NNPC also said there is adequate fuel supply petroleum across the country, as additional volumes of premium motor spirit has been sent to affected areas.

It stated that the corporation was working assiduously with stakeholders in line with its drive to ensure zero fuel queues ahead of the forthcoming yuletide and beyond.

It stated that NNPC was working with the Pipelines and Products Marketing Company (PPMC) and other downstream players to consolidate the prevailing stability in the supply and distribution of fuel nationwide.

It stated that inspection team from the PPMC had also been commissioned to go round operational areas to ensure compliance with laid down rules regarding operations.

It stated that the team would ensure conformity with rules on loading and product evacuation across board to eliminate hoarding and other vices detrimental to the free flow of products.

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