Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,863 members, 7,956,265 topics. Date: Monday, 23 September 2024 at 08:49 AM |
Nairaland Forum / Nairaland / General / Politics / REVEALED: The Real Reason Behind Fuel Scarcity In Nigeria (545 Views)
Fayose Behind Fuel Scarcity, APC Alleges / Marketers Give Conditions For Exposing Those Behind Fuel Scarcity / PDP Behind Fuel Scarcity - Tinubu (2) (3) (4)
(1) (Reply)
REVEALED: The Real Reason Behind Fuel Scarcity In Nigeria by HercJay(m): 10:24pm On May 25, 2015 |
According to the Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Sunny Nkpe , Nigeria is constantly plagued with fuel crises because it’s not using its refineries. Nkpe disclosed this on Monday, May 25, 2015, during a telephone interview with Pulse. The IPMAN Chairman stated further that Nigeria’s refineries can produce 50-60% of the fuel the country needs but they’ve been shut down for more than a year. “We have refineries that can refine 450,000 barrels of crude oil per day, that’s millions of litres of refined product,” he said. “Why are we not using the refineries? Let them use the refineries,” Nkpe said. An industry insider, who chose to remain anonymous, told Pulse that the relevant government agencies refuse to use the local refineries to produce the country’s needs because there’s much more money to be fraudulently gotten from importing the product. “They are knowingly boycotting the refineries,” she said. “They make more money with importation due to corruption and fraud,” she added. The fuel subsidy regime in Nigeria has come to be viewed as a huge scam, a notion buttressed by the 2014 arrest of 121 suspects, who were believed to have benefited from it, by the Economic and Financial Crimes Commission (EFCC). The current scarcity is said to be an artificial creation of the marketers in attempts to force the government to pay the remaining subsidy debt it owes them before a new administration is inaugurated on May 29, 2015. Meanwhile, the marketers have called of their strike and are expected to begin supplying product nationwide to end the scarcity. However, until the real problems causing the scarcity are resolved, Nigerians are left asking how long it will be before the next crisis occurs. source: pulse.ng/local/revealed-the-real-reason-behind-fuel-scarcity-in-nigeria-id3794475.html?utm_campaign=art-revealed-the-real-reason-behind-fuel-scarcity-in-nigeria-2015-05-25&utm_medium=social&utm_source=facebook |
(1) (Reply)
He Trekked 200km To Congratulate His Governor-elect, But Nobody To Receive Him / Gay Nigerian Man Whipped 20 Times For Single Homosexual Act / Buhari & Osinbajo Have Not Yet Resumed To Their Official Duty Posts At Aso Villa
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 11 |