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| Ibe Kachikwu |
Contrary to some reports that fuel price has been reduced to 57 naira per litre, the Nigerian National Petroleum Corporation (NNPC) has promptly said that the price of Premium Motor Spirit (PMS) has not been reduced stressing that it remains at 87 naira.
According to Vanguard report, the NNPC made this known in a press statement released in Abuja describing the reports as false and advised members of the public to ignore such tales.
For sometime now, some parts of the country have been currently witnessing massive fuel scarcity thereby crippling business activities.
In the light of the scarcity of fuel in areas like Osogbo in Osun state, the NNPC promised to work with other downstream petroleum sector stakeholders to eliminate obstacles to the free flow in supply of petroleum products across the country.
However, the group managing director of the NNPC and one of the prospective ministers recently nominated, Ibe Kachikwu, made a promise that he would work with other relevant Federal Government agencies to fast track the payment of the outstanding subsidy claims to oil marketers.
The company GMD said that its major target to ensure zero fuel queues throughout the country ahead of the forthcoming yuletide and beyond.
On the issue of uninterrupted supply and distribution of petroleum products across the country, Kachikwu stressed it was of utmost importance to the present administration.
He noted that the Federal Government is willing to do everything humanly possible to ensure that members of the public do not go through any form of hardship in accessing petroleum products particularly fuel.
Furthermore, the secretary general of the Major Oil Marketers Association of Nigeria (MOMAN), Femi Olawore, eulogised Kachikwu over efforts being injected so far to make sure that there is no scarcity of petroleum products in the country urging the GMD to facilitate the institution of a special committee to verify and authenticate the current national PMS consumption figure of 40 million litres per day.
Kachikwu further promised to arrange for a meeting with the relevant creditors (bankers) to ease off pressure on marketers and extend the credit lines.
He said: “Several financing mechanism are being explored to offset the commitment to oil marketers.
“There is the possibility of exploring the monthly payment option stating that the Federal Government might in the future explore some creative means to prevent backlogs.”
In another development, the Civil Societies Coalition for the Emancipation of Osun state (CSCEO) on Wednesday, October 7, lamented over alleged diversion of the federal government bail-out funds for Osun state by the governor, Ogbeni Rauf Aregbesola.
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