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Nairaland Forum / Nairaland / General / Politics / FG Moves To Mitigate Fuel Scarcity (4336 Views)
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FG Moves To Mitigate Fuel Scarcity by Euroclydon(m): 6:23am On Nov 08, 2012 |
The Federal Government has approved the release of fuel from the nation’s strategic reserves to mitigate the scarcity of the product nationwide. The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, said this in a chat with the News Agency of Nigeria on Wednesday in Okirika, Rivers. Alison-Madueke spoke with NAN on the sideline of the inauguration of the Nigerian National Petroleum Corporation Jetty in Okirika Local Government area of Rivers. “We have put all our weight and our strategic reserves out to ensure that we keep it (scarcity) as minimal as possible. “I do believe that the issue of fuel scarcity and subsidy payment is also being handled aggressively by the Ministry of Finance. “On our side, we will ensure that our strategic reserves are put to very good use and that we keep it (fuel scarcity) as low as possible,” she told NAN. Alison-Madueke said the turnaround maintenance and rehabilitation of the nation’s refineries were presently ongoing, adding that the completion of the exercise would guarantee accessibility of products by consumers. http://thenationonlineng.net/new/news-update/fg-moves-to-mitigate-fuel-scarcity/ |
Re: FG Moves To Mitigate Fuel Scarcity by KingSolomonI: 7:28am On Nov 08, 2012 |
Seriously?? This is long overdue na... All talk and no act make jack a..... 1 Like |
Re: FG Moves To Mitigate Fuel Scarcity by yanni1(m): 8:53am On Nov 08, 2012 |
am still on queue and waiting for the mitigation effect... 3 Likes |
Re: FG Moves To Mitigate Fuel Scarcity by Joeadamu86: 10:47am On Nov 08, 2012 |
This is a good move by the FG at least it will alleviate the sufferings of the masses I have a lot of confidence in this administration |
Re: FG Moves To Mitigate Fuel Scarcity by Femzy24: 10:50am On Nov 08, 2012 |
if this is done b4 christmas season, i believe it will go a long way to help cut cost for travelers during d festive season |
Re: FG Moves To Mitigate Fuel Scarcity by otokx(m): 11:29am On Nov 08, 2012 |
story, story 2 Likes |
Re: FG Moves To Mitigate Fuel Scarcity by Ndoz(m): 11:38am On Nov 08, 2012 |
Really? |
Re: FG Moves To Mitigate Fuel Scarcity by samsuny(m): 11:43am On Nov 08, 2012 |
Medicine after death. 2 Likes |
Re: FG Moves To Mitigate Fuel Scarcity by Nobody: 11:43am On Nov 08, 2012 |
Has is become so bad that the F.G will have to go to our reservoirs to supply petrol |
Re: FG Moves To Mitigate Fuel Scarcity by Kx: 11:54am On Nov 08, 2012 |
Fuel scarcity has come to stay. It is as natural as the press daily report of crime, police killings, BH and corruption. If it is not so, how come newspapers dont even bother reporting the daily hardship we go through trying to get fuel anymore? 1 Like |
Re: FG Moves To Mitigate Fuel Scarcity by lagerwhenindoubt(m): 11:55am On Nov 08, 2012 |
Let me guess, the fuel subsidy crooks will get their $$$$ cash anywayz, since NNPC is unable to meet up to 20% of local consumption |
Re: FG Moves To Mitigate Fuel Scarcity by Idokojimmy: 12:01pm On Nov 08, 2012 |
Commendable move. Reserves are basically meant to cushion effects of scarcity. Now that the marketers are aggrieved that Govt has sanitize the oil sector, they want to sabotage efforts to this admin. with the reserve, scarcity of oil will be reduced to the barest minimum |
Re: FG Moves To Mitigate Fuel Scarcity by sunkoye: 12:02pm On Nov 08, 2012 |
they are always reactional in their decisions......as if the scarcity tin just started. smh! |
Re: FG Moves To Mitigate Fuel Scarcity by texazzpete(m): 12:28pm On Nov 08, 2012 |
Commendable move my butt. You people give GEJ the credit for EVERY SINGLE good thing that happens in Nigeria, no matter the size or triviality. When something bad happens, you rush to find avenues to extricate the man from any blame. In December 2010 you folks were praising GEJ for 'getting rid of queues at the filling stations'. Now the queues are back, it's suddenly not his fault. 4 Likes |
Re: FG Moves To Mitigate Fuel Scarcity by chrisxxx(m): 12:31pm On Nov 08, 2012 |
They say local price will be driven by international market demands. Now crude price is nose-diving in the international market instead of this to be reflected back at home they are creating artificial scarcity to even drive the price further than it is in the international market. I used to pray for crude price to rise so that my country would have enough money to spend. But on realization that it makes no difference having oil or not in Nigeria I have reversed my prayers that oil price should cost even cheaper than a peanut pack. |
Re: FG Moves To Mitigate Fuel Scarcity by Nobody: 12:56pm On Nov 08, 2012 |
texazzpete: if the unlamented monkey known as beaf was still here spinning and spelling and notorious facting he'd be trying to pin this on the unnamed oil marketers |
Re: FG Moves To Mitigate Fuel Scarcity by Nobody: 1:22pm On Nov 08, 2012 |
Petroleum sector models are complex especially in cases of government subsidy on the products. Removing subsidy 100% and creating a model for the sector remains the only panacea to occasional scarcities. Releasing supply from the strategic reserves is a temporal quick fix, the corrupt oil marketers are trying to truncate the fight against their corrupt practices. Perfect Petroleum sector model has to be implemented for fiscal discipline in the sector, but it has to start with subsidy removal. |
Re: FG Moves To Mitigate Fuel Scarcity by banki(m): 1:27pm On Nov 08, 2012 |
Idokojimmy: Commendable move. Reserves are basically meant to cushion effects of scarcity. Now that the marketers are aggrieved that Govt has sanitize the oil sector, they want to sabotage efforts to this admin. with the reserve, scarcity of oil will be reduced to the barest minimum Why does the FG have to wait for the scarcity to bite hard before they act on it? why dont you ever demand for competence and the best instead of crumbs? Why is there scarcity in the whole country and the minister of petroleum has not come up with an official statement or the presidency? or cant they feel or see it ? mediocre governmnent |
Re: FG Moves To Mitigate Fuel Scarcity by takedat(m): 1:28pm On Nov 08, 2012 |
So there is a strategic reserve somewhere and it didn't occur to them to dispense to marketers for weeks. We have unfaithful people at the helms of affair in this country, Government itself is behind this sabotage for them to have an excuse for subsidy removal |
Re: FG Moves To Mitigate Fuel Scarcity by phemieojelabi: 1:48pm On Nov 08, 2012 |
So they could reason n come up with this kind of idea,after hitting it hard on d Nation.Not surprised cos they re the "SABOTEUR" |
Re: FG Moves To Mitigate Fuel Scarcity by OkwaIfugo(m): 2:37pm On Nov 08, 2012 |
thats nice. |
Re: FG Moves To Mitigate Fuel Scarcity by Nobody: 2:42pm On Nov 08, 2012 |
oyb:that's true what happened to beaf? Where is good ol'beaf? Lol. |
Re: FG Moves To Mitigate Fuel Scarcity by robotan: 5:30pm On Nov 08, 2012 |
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Re: FG Moves To Mitigate Fuel Scarcity by Jimatex(m): 5:34pm On Nov 08, 2012 |
GEJ OK NAH
|
Re: FG Moves To Mitigate Fuel Scarcity by Kiri01: 5:39pm On Nov 08, 2012 |
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Re: FG Moves To Mitigate Fuel Scarcity by Kiri01: 5:43pm On Nov 08, 2012 |
We are tired of false stories Mr FG. |
Re: FG Moves To Mitigate Fuel Scarcity by justsayemma(m): 10:58pm On Nov 08, 2012 |
B4 Gej,fuel subsidy budget was within 200 to 300 billion,y did he spend a trilion plus afta less dan 300 was budgeted (In an election year)? Wat changed in subsidisin fuel imidiately he took ova? Wu paid d so called oil cabal witout importation? Wit d level of poverty in Naija,wil it b wise 2 buy fuel @ 140 considerin d percentage of peeps dat liv below a dollar? I honestly think GEJ,NOI n co r evil,they just want 2 grab as much as they can,undastandin d fact dat most of us r lazy thinkers. |
Re: FG Moves To Mitigate Fuel Scarcity by str8talk1: 4:59am On Nov 09, 2012 |
Where is this so-called Strategic Reserves located,inside a non-operational oil vessel anchored @ d bank of sea? Nigeria is such a joke. By d way,wia is d country's strategic grain reserves located n watz dia capacity dat can mitigate food scarcity? |
Re: FG Moves To Mitigate Fuel Scarcity by str8talk1: 5:07am On Nov 09, 2012 |
Where is this so-called Strategic Reserves located,inside a non-operational oil vessel anchored @ d bank of d Nigerian seashore line? Nigeria is such a joke. By d way,wia is d country's strategic grain reserves located n watz dia capacity dat can mitigate food scarcity? |
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