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Nairaland Forum / Nairaland / General / Politics / APC Not Behind Fuel Scarcity Innigeria – PPPRA (576 Views)
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APC Not Behind Fuel Scarcity Innigeria – PPPRA by iloriolushola(m): 11:34pm On Mar 04, 2015 |
The Executive Secretary of Petroleum Product Pricing and Regulatory Authority, PPPRA, Senator Farouk Ahmed, has stated that the All progressives Congress is not the brain behind the ongoing fuel scarcity across the nation. Ahmed attributed the development to the two rounds of devaluation carried out by the Central Bank of Nigeria between November last year and February 2015. The ruling Peoples Democratic party had accused the opposition party of sponsoring the ongoing fuel crisis in the country. But speaking when he appeared before the Senator Magnus Abe-led Committee on Petroleum (Downstream) to defend their 2015 budget, Ahmed noted that the APC has no hand in the ongoing situation as earlier claimed by the PDP. Ahmed said PPPRA had to seek the advice of the apex bank before it could eventually draw up a new template. Ahmed said, “The recent events have to do with delay in the arrival of cargoes. Non-arrival of cargoes made it difficult for petroleum motor spirit to be delivered. What actually complicated it was the devaluation of naira – two times. “The first one that took place on November 28 devalued Naira from N155 to N168 to $1. The second one that took place on February 18 brought the exchange rate to N199 to $1 – these two developments brought a lot of confusion into the oil sector. “Marketers were not sure of the actual delivery cost. We had to draw a new template as advised by the CBN. The delay we have now is caused by the November devaluation. But the reality is that the policy is clear now. “The Minister of Finance, PPPRA and other agencies are working closely to ensure that outstanding bills are paid. And that one had been done now. “Yesterday, (Monday) we got an approval from the Budget Office for payment of all outstanding bills. We have adjusted the template now. We have to put the exchange rate at the interbank rate. Now, we have a direction”. expressng.com/2015/03/apc-not-behind-fuel-scarcity-nigeria-pppra/ |
Re: APC Not Behind Fuel Scarcity Innigeria – PPPRA by saaedlee: 11:39pm On Mar 04, 2015 |
As the election date draws closer, let's not be surprised that the PDP will come up with more preposterous accusations...but it won't stop us from voting for General Muhammadu Buhari 5 Likes |
Re: APC Not Behind Fuel Scarcity Innigeria – PPPRA by richol(m): 11:41pm On Mar 04, 2015 |
YEA IT WONT STOP US FROM VOTING GOODLUCK |
Re: APC Not Behind Fuel Scarcity Innigeria – PPPRA by seunfly: 11:58pm On Mar 04, 2015 |
It is only a fool that will believe that APC is behind it. Sometimes I wonder why the government takes us for a fool and spill some lies that even 10years old can't believe. Are we that foolish as a citezen or what is going on? |
Re: APC Not Behind Fuel Scarcity Innigeria – PPPRA by sammieguze(m): 12:16am On Mar 05, 2015 |
Whatever... I don't see how this has solved the fuel scarcity problem |
Re: APC Not Behind Fuel Scarcity Innigeria – PPPRA by kestolove95(m): 12:57am On Mar 05, 2015 |
It's only d brainwash pdp e-thugs will believ dat rubbish cuming out frm dia national chairman's smelling maut 3 Likes |
Re: APC Not Behind Fuel Scarcity Innigeria – PPPRA by phlemzy: 6:01am On Mar 05, 2015 |
Muazu knowing fully well the consequence of such scarcity at a critical time like this just had to blame the opposition for its woe.s. 3 Likes |
Re: APC Not Behind Fuel Scarcity Innigeria – PPPRA by danot1030: 6:53am On Mar 05, 2015 |
Shame on PDP. I hope the pdp e-rats on nairaland come and tell us now who is a liar now between apc and pdp. |
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