Why FG Cannot Introduce Subsidy On Diesel – NNPC Boss

A file photo of a fuel nozzle.

 

It is regrettable that Nigeria’s petroleum refineries are not working and the possibility of introducing subsidies on Automotive Gas Oil, also known as diesel, is unlikely, the Federal Government has said.

The Chief Executive Officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, who made this known in Abuja on Tuesday stated that the government cannot afford the payment of subsidies on diesel.

He made the comments while appearing before the House of Representatives Committee on Downstream, alongside the CEO of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, among others.

The lawmakers had summoned stakeholders in the oil and gas sector, including Kyari and Ahmed, to an investigative hearing over the scarcity and the rising cost of Premium Motor Spirit (also known as petrol), diesel, and Liquefied Petroleum Gas, LPG (also known as cooking gas) in the country.

In his presentation, the NMDPRA chief suggested three measures to be taken to address the challenges with the supply and distribution chain.

He said the “required amount of forex for importation of the petroleum products (should) be made available to the genuine importers at CBN official rate.”

Ahmed also asked the government to “encourage the establishment of more local refineries and LPG processing facilities to meet domestic demands,” adding that “an increase in the LPG supply from major domestic producers, including NLNG, BRT processing, CNL, LPG, FSO,” would resolve some of the issues.

The NMDPRA boss stated that in addition to the three suggested solutions, “an extensive consultation is required among key stakeholders towards lessening the present tension being generated by the global high oil prices.”

“Presently, Nigeria is a net importer of refined petroleum products, including AGO, as the country imports about 100 per cent of AGO consumed locally,” he said. “An average of 12 million litres is also being consumed daily based on average truck-out quantity.

“The upswing in international price, combined with the prevailing naira/US dollar exchange rate, contributes about 80 per cent of the product price at the pump. While the official naira/US dollar exchange rate has remained relatively stable at about N415/US dollar since the beginning of the (Russia-Ukraine) war to date, the parallel rate on the other hand has increased considerably.

“The challenge with this is that petroleum products importers are unable to access the required amount of forex at the official rate and, therefore, rely on the parallel market to complement their forex US dollar requirements. In addition, the monitored price of AGO currently ranges between N710/litre and N750/litre in the coastal areas, while the LPG price is about N800/kg.”

 

Only One Solution

When asked to be specific on the immediate solution, he stated that the respite to cushion the effect of high price was to make foreign exchange available for marketers to import AGO at the official exchange rate of N415 to a dollar.

“We have only one solution if I can say it; make forex available to importers to import at the official exchange rate. If we do not do that, I do not see any other solution. Even if our refineries are back on stream, they are buying crude at the official international price,” Ahmed proposed.

According to him, the transportation industry heavily relies on AGO to move goods and services and as such, diesel is a major factor in the distribution of PMS being presently regulated.

“One of the major reasons for the scarcity being witnessed in the our country is as a result of the rise in the price of AGO,” said the NMDPRA boss who hinted that President Muhammadu Buhari had approved the upward review in freight rates by N10 to alleviate the challenges, effective June 1.

This, he explained, was in the effort to alleviate the challenge resulting from the upswing in the global price of AGO and the implication on the cost of the distribution of PMS nationwide.

In their separate presentations, representatives of oil marketing bodies, the Independent Petroleum Marketers Association of Nigeria (IPMAN), the Depot and Petroleum Marketers Association of Nigeria (DPMAN), and the Major Oil Marketers Association of Nigeria (MOMAN), sought the government’s intervention regarding forex with hopes that functional refineries would resolve some of the issues.

A file photo of GMD/CEO of NNPC, Malam Mele Kyari.

 

No Guarantee

But the NNPC chief, in his remarks, faulted some of the suggestions from the NMDPRA and the marketers.

“In our country today, we do not produce AGO and we regret that our refineries are not working,” he said. “Are we doing anything about it? Yes. I have heard the honourable members lamenting; yes, they (the refineries) are not working.

“This is the truth. I don’t want to bore you with why they are not working, but they are not working; I admit they are not working but we regret it. I will invite this committee at your convenience to join us to see how much work we have done to get them back to work, but they will not come back tomorrow.

“They will not! You cannot start it tomorrow. We regret this; we regret this situation, and we are doing everything possible. As a matter of fact, we have decided to do a quick fix for the Warri refinery. The reason is very simple: we don’t even want to go the long route of doing comprehensive turnaround maintenance because we are concerned.”

The NNPC boss disclosed that Saudi Arabia’s Aramco recently bought a large amount of AGO and stockpiled it. “We were very surprised that Saudi Arabia would do this.

“No one knows what will come tomorrow. No one can guarantee the security of supply. That is why people are resorting to self-help. People are preserving the excess volumes that they have,” he said.

Kyari, however, decried that Nigeria imports almost every commodity “perhaps, maybe with the exception of food.” He added that while the country does not export, it cannot have foreign exchange.

As a result, he believes the Central Bank of Nigeria (CBN) and the governor, Godwin Emefiele, might not be able to provide forex intervention.

“There is a limit to what he (Emefiele) can do because as long as we are not productive, the only way you can cover FX gap is for you to go and borrow FX, and no one is going to lend you money to put on a subsidy; it does not happen anywhere in the world. No bank will lend you FX to go and put it into consumption.

“When Nigerians living in the diaspora used to be a very great source of forex. They can no longer send back because many of them are out of employment. So, they can no longer send money even to their parents. So, you cannot have it in your banking system,” he stated.

 

No End In Sight

On the way forward, the NNPC boss stated that the first step was to restore crude oil production.

He stressed that the current crude production, including condensate, was 1.4 million barrels while the budget level was 1.8 million.

He added, “So, we can’t meet it today. It is not possible. Today, we have over 205 illegal refinery sites. There are over 295 insertions on our crude oil production line. No oil company will continue to work; they will have no necessity or obligation.”

Kyari further said in part, “We have a problem, no doubt. I don’t want to bore you with why AGO prices are very high. They are very high today. At the risk of being repetitive with what Farouk said about what is happening globally, I think it is good to emphasise that the world has never seen this level of uncertainty around supply and demand. Even in 2012 and 2013, when we had crude oil prices reaching $143 (per barrel), the uncertainties are not like what we are seeing today.

“Today, countries are stockpiling petroleum products. Today, refineries are shutting down across the globe for reasons probably not connected with the Ukrainian war; for the very simple reason that the world decided that we will have an energy transition to eliminate fossil fuel.

“From that decision, many oil and gas companies have stopped investing in their plants and facilities because it does not make any further sense to do so. Shortly before COVID-19 (pandemic) – it did not start today – the world was already facing three million barrels of undersupply of crude oil in the market.

“COVID came, yes; it brought down the consumption. But shortly after COVID, today we have an undersupply of up to four million barrels of oil in the market today. So, there is simply no end in sight to declining crude oil prices within the next one to two years. Even if you decide to invest in oil today, you cannot bring oil on the table as you wish.”

FG Insists On N165 Per Litre For Petrol

 

The Federal Government has said that the pump price of Premium Motor Spirit (PMS) remains N165 per litre across all filling stations nationwide.

This was made known by the Executive Director, Distribution Systems, Storage and Retail Infrastructure, NMDPRA, Mr. Ugbugo Ukoha, in Lagos.

In a similar development, The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it has resolved to maintain the status quo ante, even as the Nigerian National Petroleum Corporation (NNPC) and the Pipeline and Product Marketing Company (PPMC) responded positively to the association’s request by releasing products from their tank farms that can last 32 days.’

IPMAN’s National President, Chinedu Okoronkwo, said this at a briefing in Abuja on Wednesday.

FG Directs NNPC To Implement ECOWAS-Morocco-Europe Gas Pipeline

A file photo of the Minister of State for Petroleum, Timipre Sylva.

 

The Federal Government has directed the Nigerian National Petroleum Corporation (NNPC) to implement a deal on a gas pipeline to Europe through Morocco.

Africa’s gas resources are increasingly in the spotlight as the European Union looks to wean itself off Russian supplies following the invasion of Ukraine in February.

Approval for a memorandum of understanding on the gas project with West African regional bloc ECOWAS was given after the Federal Executive Council meeting, Petroleum Minister Timipre Sylva told reporters in Abuja late Wednesday.

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Nigeria is Africa’s top oil producer and a major supplier of gas and liquefied natural gas.

“This gas line will take gas to 15 West African countries and to Morocco and through Morocco, to Spain and to Europe,” Sylva said.

 

He added the project was in a design phase and details including cost and funding were still being worked out.

“It is only after the engineering design of the pipeline that we will know exactly (what) the cost of the pipeline will be. When that time comes, we will be talking about funding,” he said.

Four years ago, Morocco’s King Mohammed VI and Nigerian President Muhammadu Buhari agreed to move ahead with the mega-project to carry gas along the Atlantic Coast, after an initial deal was signed in 2016.

Under the deal, both countries plan to extend the pipeline that has been pumping gas from Nigeria to Benin, Togo and Ghana since 2010.

Plans for a pipeline to take Nigeria’s gas resources to North Africa have long been discussed, and Algeria has also held talks with Nigeria for a similar project crossing the Sahel region.

Nigeria is a member of the OPEC group of major oil producers and has huge gas resources — the largest proven reserves in Africa and the seventh largest globally.

Fuel Queues: NNPC Assures Of Supplies, Warns Against Panic Buying In Abuja

In this file photo, vehicles queue for fuel in Abuja on March 1, 2021.

 

The Nigerian National Petroleum Corporation (NNPC) has assured residents of Abuja against panic buying of fuel, assuring that the agency has adequate supply despite the resurgence of queues in the city. 

This is according to a series of tweets on the NNPC handle late Sunday.

“We assure all residents of the FCT, and indeed all Nigerians, that we have ample local supplies and national stock in excess of 2.5 billion liters, with a sufficiency of more than 43 days,” it added.

“The NNPC Ltd hereby advises motorists not to engage in panic buying as supplies are adequate as will become increasingly evident in the coming days.”

It explained the appearance of fuel queues in parts of Abuja “is very likely due to low loadouts at depots which usually happen during long public holidays, in this case, the Sallah celebrations”.

The statement added that the “increased fuel purchases which are also usual with returning residents of the FCT from the public holidays”.

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The recent development is coming a few months after fuel queues resurfaced in the country due to the importation of “bad fuel” into Nigeria.

Lawmakers had then initiated a probe into the matter as calls came for those found guilty to be punished.  The House of Representatives had then called on the NNPC to suspend the companies involved in the importation.

But in April, the lower chamber said nobody would be sanctioned over the supply of the adulterated product.

This was after it considered and adopted the reviewed report on the investigation by its Committee on Petroleum Resources (Downstream) which exonerated both the NNPC and the suppliers in the Direct Sale-Direct Purchase deal between the Federal Government and the importers.

EU Ambassadors Visit NNPC, Seek Deeper Partnership In Energy Sector

NNPC CEO Mele Kyari met with some European diplomats on April 11, 2022.
NNPC CEO Mele Kyari met with some European diplomats on April 11, 2022.

 

European Union (EU) Ambassasdors in Nigeria on Monday paid a courtesy call on the management of the Nigerian National Petroleum Company (NNPC) seeking to strengthen its partnership with Nigeria in the energy sector.

This is according to a statement signed by NNPC spokesperson, Garba Deen Muhammad.

Speaking on behalf of the group, the EU Ambassador in Nigeria, Samuela Isopi, said as a result of the current geopolitical situation in Europe, the continent was interested in strengthening its cooperation with Nigeria particularly in the area of possible increase in the supplies of liquiefied Natural Gas (LNG).

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“Nigeria is the fourth gas supplier to Europe. At least 40% of the Nigerian LNG is currently exported to Europe. We are not only major clients for Nigeria. We are also major partners in the Oil and Gas sector because some of the companies that are working with you are from Europe. So we share the same interest and same objectives,” Ambassador Isopi added.

Responding, the GMD/CEO of NNPC, Mele Kyari, assured the European delegation that the company would continue to deepen its historical relationship with EU companies in Nigeria in order to add more value to its business, particularly towards increasing gas supply to the global market and enhancing domestic gas utilisation.

Other diplomats from the European delegation on the visit were: Ambassador of Portugal, Luis Barros; Ambassador of Spain, Juan Sell; Ambassador of Italy, Stefano De Leo and Deputy Head of Mission (France), Olivier Chatelais.

Court Clears Ex-NNPC GMD Andrew Yakubu Of $9.8m Money Laundering Charge

Alleged Money Laundering: Ex-NNPC Boss Yakubu To Know Fate In March
A file photo of former NNPC GMD, Mr Andrew Yakubu.

 

Justice Ahmed Mohamed of the Federal High Court in Abuja has discharged and acquitted a former Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), Andrew Yakubu, on charges of money laundering.

Mister Yakubu, is facing an alleged $9.8m money laundering charge.

Delivering Judgement, the trial Judge said the prosecution EFCC had failed to prove its case beyond a reasonable doubt to result in the conviction of the former NNPC boss.

The Economic and Financial Crimes Commission (EFCC) had, in 2017, found $9,772, 800, and £74, 000 in a safe at his Kaduna residence after a raid.

Justice Mohammed also ordered the refund of the said money lodged in the coffers of the CBN to be returned forthwith.

National Grid Collapse, Fuel Shortage: Relief Is On The Way – Buhari

The fuel scarcity led to a hike in transportation fares across the country.

 

President Muhammadu Buhari has assured Nigerians that the inconveniences caused by the prolonged shortage of petroleum products, and the collapse of the national grid, would soon be a thing of the past.

In a statement by his spokesman, Garba Shehu on Wednesday, the president while apologizing to Nigerians, promised that “relief is on the way”.

Buhari expressed sadness at the fact that Nigerians are experiencing at the moment something which he says his administration has successfully averted within its seven years in office.

President Buhari said: “The government is working round the clock to attend to this issue. An action plan agreed earlier this month is being implemented to address the scarcity. Working together with the Major Oil Marketers Association of Nigeria (MOMAN) and the Independent Petroleum Marketers Association of Nigeria (IPMAN), this plan is now bearing fruit”.

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He said sufficient fuel supply has returned to a handful of states with reduced queues at stations falling, adding that in the coming days, that would be the case across the rest of the country.

“Looking to the longer term, funds are being targeted toward keeping fuel availability affordable for the country. The international energy markets have surged drastically in recent months; the government will however ensure that consumers are protected against these price spikes,” he said.

The President added that he has received information that some people are not behaving properly at the depots and among owners of petrol stations and in this regard, he has directed the Ministry of Petroleum Resources, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the NNPC and the entire security apparatus of the nation to take strong action against those responsible.

On the issue of electricity blackouts experienced across the nation, President Buhari remarked that the situation is also being addressed.

“A dip in hydroelectric generation due to seasonal pressures has coincided with technical and supply problems at thermal stations. On this, the government is also working tirelessly to resolve the issues at the latter to guarantee sufficient power flows into the national grid,” Buhari said.

President Buhari disclosed that as part of emergency measures put in place following a meeting convened with key stakeholders to address the low power generation in the country, the main challenge was identified as being one of low gas power generation due to sabotage of gas pipelines leading to a shutdown of power plants coupled with ongoing routine maintenance on other gas power plants.

“To recover over 1000MW, actions were agreed upon between the players in the Nigerian Electricity Supply Industry (NESI) and also NNPC. The actions targeted the National Integrated Power Project (NIPP) plants, (Niger Delta Power Holding Company (NDPHC) and power plants run under NNPC Joint Ventures, Agip and Shell (NAOC and SPDC) and progress on the key actions have already ensured the restoration to the grid of 375MW after the pipeline from “Okpai 1” was repaired.

“To also ramp up the underutilised capacity of the NDPHC capacity, a USD 50 Million Gas Supply agreement is being finalized to secure the sustainability of up to 800MW of underutilized NIPP assets,” he explained.

The President assured Nigerians that the government’s attention to these problems will bear fruits very soon.

NNPC Reassures Nigerians Of Adequate Fuel Supply Amid Queues In Filling Stations

file photo of GMD/CEO of NNPC, Malam Mele Kyari.

 

The Group Managing Director (CMD) of the Nigerian National Petroleum Company Ltd. (NNPC), Malam Mele Kyari, has reassured the public of an adequate supply of Premium Motor Spirit (PMS) to combat the long queues persisting in filling stations across the country.

In a meeting with the National Union of Petroleum and Natural Gas Workers (NUPENG) and Petrol Tanker Drivers (PTD) in Abuja on Wednesday, Kyari gave an optimist assessment about the crisis.

“We like to assure Nigerians that we have an adequate supply of Premium Motor Spirit,” he said during the event.

“Currently, we have over 1.7 billion litres of fuel in our hands both in marine and on land.

“This will ensure that scarcity created by panic buying will now be freed so that normalcy will return to filling stations across the country.”

He also revealed that the regulatory body had begun loading and sending out trucks at all its depositories to tackle the current scarcity.

“This means that we have the capacity to load out excessively from all depots. We have put in place measures to ensure 24hrs loading in all depots.”

He apologised to Nigerians for the difficulties experienced at fuel stations and also appealed to consumers to buy only the quantity they needed at fuel stations.

Last month, the NNPC boss had reiterated the organisation’s commitment to resolving the problem and expressed optimism that the situation will end.

“The situation you’re seeing today, I can assure you by next week, it will vanish. All things being equal, because of distribution issues that we may not have control over, including the movement of trucks, otherwise, we have robust supply arrangement to make sure we exit this situation,” he said as of then.

Despite his reassurances, long queues surfaced in filling stations across the nation, days after it appeared the situation had come under control. There are fears that the lingering scarcity may continue following Russia’s invasion of Ukraine. Oil vessels from the warring region have stayed longer than expected in the sea.

Court Orders CBN To Release Mobil’s N82bn To Akwa Ibom Oil Communities

File photo of the Federal High Court in Abuja.

 

Taiwo Taiwo of the Federal High Court Abuja, has granted an order, mandating the Central Bank of Nigeria to release the sum of N81.9 billion standing to the credit of the Nigerian National Petroleum Corporation, and its joint venture partner, Mobil Producing Nigeria Unlimited, in its custody to oil producing communities in Ibeno Local Government Area of Akwa Ibom State.

Justice Taiwo gave the order on Monday in a judgment in a suit instituted by aggrieved oil communities ravaged by oil spillage.

The Ibeno communities led by Obong Effiong Archianga and nine others, had brought an action against NNPC, Mobil and Exxon Mobil corporation seeking about N100 billion compensation for economic losses suffered from oil spillages caused by the defendants during exploration.

The oil communities had gone to court to seek redress over oil spillage in the area, which they claimed had caused environmental degradation in their communities.

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Consequently, in a judgment on June 21, 2021, Justice Taiwo made an order, awarding the cost of N81.9 billion to the plaintiffs, who are now judgement creditors.

The court had ordered that the money must be paid within 14 days after which eight percent interest will be accruable on the principal sum annually.

On December 15, 2021, in a garnishee nisi proceeding, the apex bank had insisted that it had to get the consent of the Attorney General of the Federation, Abubakar Malami, before enforcing the garnishee judgment.

However, in a judgement on Monday, Justice Taiwo dismissed the claim of the CBN and ordered it to release funds belonging to the NNPC and Mobil to the tune of N82 billion to the judgement creditor.

The court said it was wrong for the apex bank to say it had to get consent from the AGF before attaching the judgment debt, insisting the apex bank is not a public officer.

Justice Taiwo noted that coming into force of the Petroleum Industry Act, had altered the name of the judgement debtor.

Fuel Scarcity Was Due To Inspection Failure, Adulterated Products – FG

Fuel queues surfaced in Lagos on Tuesday, February 8, 2022.
A file photo of cars queuing for fuel in Lagos.

 

The Federal Government has admitted that the fuel scarcity was not because of the absence of supply of products but due to inspection failure, which allowed adulterated products into the country.

In a statement by the Senior Adviser on Media and Communications to the Minister of State Petroleum Resources, Horatius Egua, the Federal Government noted that such action is regrettable.

“The Federal Government sympathizes with the citizenry over the unforeseen hardship, occasioned by the inevitable scarcity. Let me once again appeal to Nigerians to be patient with the government in finding lasting solutions to the crisis.

“We appreciate the NNPC for showing so much concern to the plight of Nigerians by coming forward with an apology. This is unprecedented and shows that we on the government side are not afraid to take responsibility”, he said.

READ ALSOPDP Governors Ask Buhari To Resign As Petroleum Minister

Egua noted that the Midstream and Downstream Petroleum Regulatory Authority has been out on the streets; filling station by filling station to ensure that the situation normalizes quickly.

“This is a time that calls for collective action to save a situation that was not foreseen. It is not a time to trade blames as is customary in Nigeria. It is therefore not a time to query anyone but a time to come together to salvage the plight of the average Nigerian.

“After the storm settles there will be time enough to investigate and get to the bottom so that this does not repeat itself.

“Mr. President’s charge to all parties and agencies concerned is to work together to ensure that normalcy returns quickly’, the statement added.

He said that Nigerians deserve the best and President Muhammadu Buhari’s government is determined to set the country on the right path of petroleum products availability and sustainability as demonstrated in the award of the contracts for the rehabilitation of all our refineries and the acquisition of a stake in the Dangote Refinery.

“Let us as Nigerians stand shoulder to shoulder in our shared quest for a greater country,” he noted.

NUPENG-PTD, NARTO Shelve Planned Strike

 

The Petroleum Tanker Drivers arm of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Nigerian Association of Road Transport Owners (NARTO) have shelved their planned strike.

The groups had threatened to go on strike over claims of diversion of the N621bn road fund provided by the Nigerian National Petroleum Company (NNPC) and the government’s failure to increase the freight rate for transporting petrol.

But a communique issued by the (NNPC) on Thursday, noted that the planned industrial action has been stopped following a stakeholders’ meeting in Abuja.

The NNPC gave updates about the state of the road “construction and rehabilitation projects under the road infrastructure tax credit scheme and assured the stakeholders (NUPENG, NARTO, and PTD) that the funding earmarked for the 21 critical roads will be applied for the intended purpose only”.

The NNPC in a series of tweets on its official handle also said the stakeholders will work together in monitoring the road construction.

“The stakeholders requested for completion of the ongoing discussion on the review of the freight rates to cover operational costs and highlighted the precarious situation that truck owners face in the light of current economic realities,” the communique added.


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It said a committee has been set up to review the rates and that members of the group include PTD, NARTO and NUPENG, and other stakeholders. The committee is expected to make recommendations to the government

On the nationwide fuel scarcity, all parties during the meeting agreed to work to ensure “efficient distribution of petroleum products across the country”.

PDP Governors Ask Buhari To Resign As Petroleum Minister

A file photo of President Muhammadu Buhari

 

The Peoples Democratic Party (PDP) has asked President Muhammadu Buhari to resign from his position as Minister of Petroleum Resources, owing to what they termed ‘woeful failings’ in the ministry.

The party also called for the immediate sack of the Minister of State for Petroleum Resources, Timipre Sylva, for “misleading Nigerians and concealing critical information at the onset of this ‘APC Toxic Fuel ImportGate’ saga”.

This was contained in a statement signed by the National Publicity Secretary of the party, Hon. Debo Ologunagba on Wednesday.

Read Also: NNPC Insists Toxic Petrol Not Imported Deliberately, Says Fuel Scarcity To End Soon

“The PDP, therefore, calls for the immediate sack of the Minister of State for Petroleum Resources, Timipre Sylva for misleading Nigerians and concealing critical information at the onset of this “APC Toxic Fuel ImportGate” saga, having refused and failed as a public official with duty to Nigerians when he said on national TV that he cannot name persons involved in the fraud.

“The PDP also demands that having woefully failed, President Buhari should hands-off responsibilities as Minister of Petroleum Resources and allow competent professionals to man the ministry in order to restore sanity in the system.

“This is because the headship of the Petroleum Ministry as presently constituted is peopled with persons with no relevant education, experience, and expertise to manage this critical sector that accounts for over 90 percent of the revenue of the nation,” the statement read in part.

This comes amidst the current fuel scarcity in the country, brought on by the sale of ‘adulterated fuel’ in some stations.

According to the PDP, the (APC)-led administration is pushing Nigerians to take to the streets in protest against its continued arrogance, corruption, insensitivity to the feelings of the people as well as alleged shielding of APC leaders behind the importation of the toxic fuel into the country.

Speaking further they condemned the APC for allegedly trying to siphon money from the national coffers by seeking to draw a staggering N201 billion under the pretext of cleaning-up the poisonous fuel instead of exposing the culprits and getting them to bear the cost.

“Is it not saddening that the APC administration has continued to turn deaf ears to the cries by Nigerians to end its corruption and treasury looting spree and ease the suffering of the people occasioned by its sleaze and manifest incompetence in governance?

“Nigerians were shocked when the news broke out over the weekend that the Nigerian National Petroleum Company is seeking an estimated N201 billion to clean up the adulterated fuel.

“It is clear that this is another ploy by officials of APC administration to continue to pilfer the national treasury to fund APC’s rigging plans ahead of the 2023 elections as well as to finance the wasteful lifestyles of it leaders at the detriment of other Nigerians.

“Such move by the APC to further fleece the nation amounts to pushing the already exasperated citizens to the wall. The APC government would have nobody but itself to blame over the possible consequences of its continued impunity, insensitivity and disregard to the feelings of Nigerians.

“It is instructive to note that the APC has remained unyielding since our Party demanded for an investigation into allegations that APC leaders connived with some foreign interests to import very cheap heavily contaminated fuel-laden with methanol in their desperation to corruptly raise billions of naira to fund APC’s plots to rig the 2023 general elections.

“Nigerians can recall that our Party, well-meaning Nigerians and organisations had exposed and challenged APC’s plot to siphon N2.557 trillion padded as fuel subsidy for 2022. Having been so exposed, the APC resorted to fleecing Nigerians through importation of toxic fuel and now seeks to fritter N201 billion under the guise of cleaning up the adulterated fuel.”

The PDP, therefore, noted that the failure by the APC to set up an Independent Commission of Enquiry on the “APC Toxic Fuel ImportGate”, especially to ascertain the individuals involved in the deal, who undertook the pre-inspection and how much was paid for very cheap contaminated fuel, is fast putting the nation on edge.

The only way to douse the tension is for the APC administration to heed to demands by Nigerians and expose APC leaders allegedly involved in the importation of the toxic fuel; get them to pay compensation, particularly to those whose vehicles and equipment were damaged by the bad fuel as well as bear the cost of the said clean up.

Meanwhile, the Nigerian National Petroleum Company (NNPC) says the recent importation of toxic Premium Motor Spirit (PMS), popularly known as petrol, into the country was not deliberate.

The Group Managing Director, Mele Kyari, stated this on Wednesday during an interaction with the House of Representatives ad-hoc committee investigating the circumstances surrounding the importation of the adulterated fuel into the country.