Lingering fuel crisis worsening capacity utilisation, productivity, says NECA

Petrol supply challenges facing the country entered its third week yesterday with marketers remaining upbeat about the situation following the release of more volumes by the Nigerian National Petroleum Company Limited.• Marketers upbeat, assure situation will ease this weekPetrol supply challenges facing the country entered its third week yesterday with marketers remaining upbeat about the situation following the release of more volumes by the Nigerian National Petroleum Company Limited.

Director-General of NECA, Adewale-Smatt Oyerinde, lamented that like a sore that has refused to heal, the recurrent issue of fuel scarcity has reared up its ugly head again, notwithstanding the removal of fuel subsidy. He called for heightened collaboration among the NNPC, Nigerian Midstream and Downstream Petroleum Regulatory Authority , petroleum marketers and other stakeholders to optimise fuel distribution and mitigate supply chain disruptions.

According to him, “anytime there is scarcity in Lagos, there will be scarcity everywhere because it is the landing port for all imported petroleum products and NNPC will use their daughter vessels to distribute products to the coastal areas. The association announced the suspension of the protest in a statement on Sunday jointly signed by the senate president of NANS, Akinteye Afeez; and five zonal coordinators of NANS, namely: Bilal Lawal Kurfi , Daniel Friday Egga , Alao John , Chidi Nzekwe and Bappa Hassan Adam .

“As student leaders, our agitations are not fueled by personal animosity towards both the NNPCL GCEO and the Minister of Power, but rather by our responsibility as a pressure group to hold them accountable for their positions. Ikeja Electric Plc , an electricity distribution company , has announced that it will reduce the cost of electricity tariffs on Band A feeders. The management disclosed this in a statement on Monday, saying that the downward tariff will be effective on Monday, May 6, 2024. Ikeja Electric spokesperson said the implementation of the downward…

Source: News Formal (newsformal.com)

Capacity Utilisation Petrol Supply Challenges Productivity

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Newspaper Headlines: FG begins fresh bid rounds for oil blocksReports on the lingering petrol scarcity across the country, permeate the frontpages of Nigerian newspapers.
Source: thecableng - 🏆 2. / 80 Read more »

Reps invite minister over lingering petrol scarcityThe Nation Newspaper Reps invite minister over lingering petrol scarcity
Source: TheNationNews - 🏆 6. / 69 Read more »

Petrol scarcity: NNPC not supplying sufficient petrol, say oil marketersThe Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) says it does not have access to petroleum products.
Source: thecableng - 🏆 2. / 80 Read more »

Newspaper Headlines: Petrol scarcity worsens as product sells for N900/litre at black marketReports on petrol scarcity in many parts of the country, permeate the frontpages of Nigerian newspapers.
Source: thecableng - 🏆 2. / 80 Read more »

Surrogacy Is A Crime In Nigeria – Lawyer WarnsA Nigerian lawyer, Sunny Ekwuwusi has warned that surrogacy is a crime under the Nigerian law.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Economy revival: NECA calls for more supplementary measuresThe Nation Newspaper Economy revival: NECA calls for more supplementary measures
Source: TheNationNews - 🏆 6. / 69 Read more »