Petrol scarcity: Long queues, dry pumps remain despite FG’s assurances

• Shettima craves Nigerians’ patience, understanding

He said: “The advantage we have is that we share logistics in Apapa, which is an excellent platform to work with. They call it the Apapa hub. All our members have depot facilities in Apapa and so logically, over time, we learned to work together for the efficiency of the Apapa hub. However, independent marketers have said they do not have details of the logistic challenges NNPCL claimed are responsible for the current low supply of products nationwide.

“They said they have a logistics problem and have 240 million litres in store to distribute. But that was what they told us since last weekend. They said the logistics challenges have been resolved but they didn’t tell us the type of logistics problem they have.“For now, NNPCL stations are mostly the ones selling with just a few others getting supply. But you know our members have the largest number of stations nationwide.

“The data illuminates a stark reality: transport costs surged by a staggering 77 per cent during the same timeframe,” the research firm said. However, SBM said challenges “confronting Nigeria’s economy extend beyond currency uncertainty. Insecurity, characterised by sporadic outbreaks of violence and unrest, compounds the nation’s economic woes, disrupting supply chains, impeding transportation networks, and engendering a climate of uncertainty that exacerbates inflationary pressures,” SBM said.

Appealing for patience and time to address the serious challenges he said they met on the ground, especially the nation’s ailing economy which was already tottering towards an eclipse, Shettima said: “We look forward to the positive impact on the economy that will be brought by some of our new initiatives in the oil and gas sector, creative arts sector, the newly re-jigged steel and solid minerals sectors, our housing sector, the blue economy, and the digital sectors, to mention but a few.

“We understood why our predecessor made the decision to remove it and refused to budget for it in their final fiscal year. The year before we took office, Nigeria’s debt service-to-revenue ratio had grown to 111.8 per cent. The anticipated debt crisis may sound like fancy economic jargon to the man on the street, but you and I are in a better position to understand how such miscalculations have played out in other countries. It’s an economic death sentence.

Fuel Scarcity Long Queues NNPCL VP Shettima

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