In spite the failure, three years ago, of the Kero Direct initiative, a policy which sought to deliver kerosene at the regulated price of N50 to consumers, the federal government on Sunday re-launched a similar scheme.
The new plan, Kero Correct’ Initiative, KCI, is also designed to bring down the retail price of household kerosene, HHK, in homes nationwide, the Executive Director, Commercial, Pipeline and Products Marketing Company, PPMC, Frank Amego, said.
Under the new scheme, kerosene, one of the most commonly used fuels in Nigerian homes, would be sold to consumers at the regulated price of N50 per litre.
But, petroleum industry analysts say the so-called new initiative bear a close semblance to the controversial “Kero Direct” scheme introduced in July 2011, and may not also succeed.
The “Kero Direct” initiative, which was meant to supply kerosene to Nigerian homes directly at government regulated price of N50 per litre, only succeeded in making multi-billionaires out of close allies of the Presidency and Petroleum Resources Ministry involved in the scheme.
At the peak of the kerosene scarcity in the country, the Minister of Petroleum Resources, Diezani Alison-Madueke, had announced the launching of the initiative.
Under the scheme, the Ministry of Petroleum Resources, with the assistance of the Nigerian National Petroleum Corporation, NNPC Retail Limited, was to work with Capital Oil & Gas Limited, an indigenous petroleum products marketing company, to distribute kerosene to Nigerians at N50 per litre.
While the PPMC provided the product, Capital Oil & Gas was expected to use its dispensing trucks to deliver the product to end users directly across the country.
However, throughout the brief period the programme lasted, consumers hardly bought kerosene at designated filling stations at less than N120, sometimes as high as N250 per litre, as the programme was hijacked by a cabal in the oil industry.
Only soldiers and other uniformed organizations and privileged persons connected to top NNPC officials, were allowed to buy kerosene at N50 per litre.
Others who were perpetually on long queues were only able to buy the products resold mainly by members of the security agencies at exorbitant prices.
As the programme ended without success, Ifeanyi Ubah, whose company, Capital Oil & Gas Limited, facilitated the kero direct scheme not only emerged one of Nigeria’s richest, but also one of the biggest beneficiaries of the controversial oil subsidy payments by the federal government.
The new “Kero Correct” initiative, Mr. Amego said, has its main objective, to “cut off the several layers of middle men, who make it difficult for the end users to enjoy the subsidy on the product.”
“The ‘Kero Correct’ initiative is aimed at getting kerosene to the Nigerian masses who use the product as their domestic cooking fuel at the correct price,” he said.
The introduction of ‘Kero correct’ initiative was announced at a one-day workshop by NNPC for some grass-roots non-governmental organizations, NGOs and volunteers engaged to monitor the distribution and sales of kerosene at the corporation’s mega and affiliate stations nationwide.
Mr. Amego said though kerosene was the most subsidized fuel product, the Nigerian masses have always been denied the benefit of the subsidy due to the illegal activities middlemen, who connive with corrupt officials to abuse the process.
The officials, he explained, connive with distribution and retail agents to divert product allocations to marketers in the construction industry, where Kerosene is used for blending of bitumen for roads construction.
“The ‘Kero Correct’ initiative is thus designed to distribute and sell kerosene directly to end users from NNPC Retail mega and affiliate stations across the country at the government-regulated price of N50 per litre to ensure effective control,” Mr. Amego said.
The PPMC, he said, has sufficient stock of kerosene as well as the necessary facility to ensure efficient distribution

http://www.premiumtimesng.com/business/175215-nigerian-govt-re-launches-failed-scheme-enforce-n50-kerosene-price.html

Also

The Nigerian National Petroleum Corporation (NNPC) has initiated a scheme aimed at getting kerosene to consumers across the country at the regulated price of N50 per litre.
This is contained in a statement issued on Sunday in Abuja by the Group General Manager, Group Public Affairs Division, of the corporation, Mr Ohi Alegbe.
It said the scheme ‘Kero Correct’ initiative’ was also aimed at cutting off the several layers of middlemen who made it difficult for the end user to enjoy the subsidy on the product.
The statement said that the Executive Director, Commercial, of the Pipeline and Products Marketing Company (PPMC), Mr Frank Amego, announced the initiative at a one-day workshop in Abuja.
It said the workshop that was organised by the NNPC was to enlighten some Non-governmental Organisations (NGOs) and volunteers engaged to help monitor the sales of the product at NNPC Mega and affiliate stations across the country.
It quoted Amego as saying that the scheme was aimed at getting kerosene to the Nigerians who used the product as their domestic cooking fuel at the correct price
He observed that though kerosene was the most subsidised product, Nigerians had not been enjoying the subsidy.
He said this was because of the long arbitrage system involved in its distribution and retailing, and diversion of the product by marketers to the construction industry where it was used for blending bitumen.
“The Kero Correct initiative is thus designed to distribute and sell kerosene directly to end users from NNPC Retail mega and affiliate stations across the country at the government-regulated price of N50 per litre to ensure effective control,” he stated.
He said the scheme which would be officially launched soon, would involve the distribution of a total of 1,500 trucks of kerosene across NNPC Retail’s mega and affiliate stations across the country.
This, he said, was to ensure that each consumer gets at least 25 litres of the product over the next three months
http://www.vanguardngr.com/2015/01/nnpc-initiates-kero-correct-scheme-crash-kerosene-price-nationwide/

Correct... GEJ till 2019!!!

temitemi1:
Correct... GEJ till 2019!!!

Robot is here

Fools, Let them keep decieving themselves. Who are the CABALS that are above the Law.Only in Nigeria you see an individual stronger & more Powerful than the Country. Who is prosecuting the people indicted in the Failed KEROSENE SCAM. Ballless PRESIDENT encouraging & Propagating CORRUPTION to maturity in Nigeria.

Just some days to the Election ??.... na wa ooo... so they definitely knew that the masses are being short changed all this while and they kept quiet... when some pple started dropping dead, we wudnt know its nemesis in action...

another fresh air.

We are already used to Jonathan promises.

No more promise 2015.

Jonathan has upper hand than the opposition. Only if his campaign is base on what "i have done" not what i will do or what i intend to now.

Changeyy

jobsat34:
Just some days to the Election ??.... na wa ooo... so they definitely knew that the masses are being short changed all this while and they kept quiet... when some pple started dropping dead, we wudnt know its nemesis in action...

Yes. when you see that people are exploiting loopholes in your plans...what do you do You have to go back to drawing board to see how they manourve the system and where you got it wrong before you relaunch your program again... Let's appreciate their efforts jare...

cool318:
Fools, Let them keep decieving themselves. Who are the CABALS that are above the Law.Only in Nigeria you see an individual stronger & more Powerful than the Country. Who is prosecuting the people indicted in the Failed KEROSENE SCAM. Ballless PRESIDENT encouraging & Propagating CORRUPTION to maturity in Nigeria.

Bro...let's stop this habit of using abusive and derogatory language...What alternative did you suggest after abusing them...learn to add value always bro...

Back to topic; These are businessmen who divert subsidized products. To me; the only feasible system to use is exactly what they are doing now...Eliminate all middlemen because they are the ones who divert the subsidized kero products.

is this still realistic?,
pls Mr president try an actualise this before election date also. enough of abnormal profit

If they like let them make kerosene free

fresh air

From Kero Direct to Kero Correct
From the same Incompetent people that could not manage Kero Direct abi na Cordon Brown go come implement this Kero Correct for us.

Make I laugh joor,,,, hahahahahahahahahahahahahahahahahahahaahahahahah

Hit like " for #GMB2015 and share for #GEJ 2015"