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Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders - Politics - Nairaland

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Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days / NNPC Says Fuel Queues Will Disappear By Weekend / Power Scarcity, Fuel Scarcity: FG Appears Lost - Vanguard (2) (3) (4)

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Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by maximunimpact(m): 1:56am On Apr 11, 2016
Stakeholders has described as temporal and unsustainable measures put in place by FG in ameliorating the scourge of fuel scarcity in the country which has almost paralyzed economic activities for the past two weeks.



Stakeholders in the downstream sector of the oil and gas industry insist that the Nigerians would sooner or later return to the filling stations, queuing for fuel.

The stakeholders say failing to privatize, upgrade and rehabilitate the refineries and the ancillary infrastructure in the downstream sector, whatever succor that is being enjoyed now in terms of adequate supply to the filling stations would be temporary.

Already, the scarcity is taking a toll on schools, as proprietors are shifting resumption dates scheduled for today in some schools.

Some parents have started receiving text messages over the weekend advising that their wards should still remain until the fuel situation improves.

“We are constrained by the prevailing fuel scarcity in the country to postpone resumption from Monday, 11th April, 2016 to Wednesday 13th April 2016, hoping the fuel situation would have improved. Kindly bear with us. Thank you.” Says a message from a school on Oba Akran Avenue, Ikeja, Lagos.



Some parents whose children attend public schools in Lagos State have appealed to the state government to re-schedule the resumption date for the third term of the 2015/2016 academic session due to the lingering fuel scarcity. They made the appeal in different interviews with the News Agency of Nigeria.

A parent who does not want his name mentioned said, “it is becoming unbearable, transport fares have doubled, few motorcycles and buses are available to transport people. If this persists, how are we going to take our children to their schools?”

They also said no matter how the government tries, except it allows reason to prevail on these critical issues that have bogged down the downstream sector of the oil industy, Nigeria would be back to square one.

Alex Ogedengbe, a former managing directors of Port Harcourt and Kaduna Refineries wondered why government is afraid of privatising and deregulating the downstream sector of the petroleum industry.

Ogedengbe said if we get these queues away as predicted in the next three weeks, they will certainly come back, as far as the government continues with its present way of maintaining refineries.

Ogedengbe who spoke on Channels TV programme, said investors would not be ready to come to the sector because government regulates price.

“It is unrealistic to have the same price through the country because it costs money to move those products from one place to another”.

He said no one would ever know the market price of the product until the owners of the refineries are made to be market oriented.

He said government can give incentives to owners of refineries if she fears that the price of the product would be higher after privatisation. Such incentive, he observed, could be in the form of tax free holidays for a few years or crude t a descanted rate.

“These are the kind of incentives that would bring investors that can run refineries, the private organised people that know how to run refineries.It would also allow for a sustainable investment that runs from year to year.

Also talking to BusinessDay, Babajide Soyede, a former general manger of Warri Refinery and Petrochemical concurred with the views of Alex Ogedengbe when he said that the current approach would only give temporary relief as the queues would only disappear for a while and then come back except if the government hands off the downstream of the industry and limit its function to regulation.

According to him keeping the refineries the way they are is a waste of money and resources as they only producing fuel oil which brings less value than the crude that was supplied.

The refineries must be upgraded, rehabilitated and privatised or at least a joint venture arrangement whereby the government would have minority share should be put in place.

But Justin Ezeala, executive director supply and distribution of the Nigeria Products Marketing Company (NPMC) maintained his position that with the arrangement on ground there is cause for alarm.

Ezeala said after saturating the major cities with the product, they would begin to push into the hinterland and that the government is also finalising arrangements to ensure a sustainable supply of petrol in every part of the country.

He insisted that the supply of 30,000 metric tons (40 million litres) of petrol everyday in order to ease off the fuel scarcity cannot be compromised.

Meanwhile the fuel situation at the weekend continues to improve, as motorist enters the filling stations with ease.

http://www.financialwatchngr.com/2016/04/11/fuel-scarcity-fg-intervention-temporal-queues-will-resurface-stakeholders/

2 Likes 1 Share

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by emmabucks: 2:11am On Apr 11, 2016
maximunimpact:
Stakeholders has described as temporal and unsustainable measures put in place by FG in ameliorating the scourge of fuel scarcity in the country which has almost paralyzed economic activities for the past two weeks.



Stakeholders in the downstream sector of the oil and gas industry insist that the Nigerians would sooner or later return to the filling stations, queuing for fuel.

The stakeholders say failing to privatize, upgrade and rehabilitate the refineries and the ancillary infrastructure in the downstream sector, whatever succor that is being enjoyed now in terms of adequate supply to the filling stations would be temporary.

Already, the scarcity is taking a toll on schools, as proprietors are shifting resumption dates scheduled for today in some schools.

Some parents have started receiving text messages over the weekend advising that their wards should still remain until the fuel situation improves.

“We are constrained by the prevailing fuel scarcity in the country to postpone resumption from Monday, 11th April, 2016 to Wednesday 13th April 2016, hoping the fuel situation would have improved. Kindly bear with us. Thank you.” Says a message from a school on Oba Akran Avenue, Ikeja, Lagos.



Some parents whose children attend public schools in Lagos State have appealed to the state government to re-schedule the resumption date for the third term of the 2015/2016 academic session due to the lingering fuel scarcity. They made the appeal in different interviews with the News Agency of Nigeria.

A parent who does not want his name mentioned said, “it is becoming unbearable, transport fares have doubled, few motorcycles and buses are available to transport people. If this persists, how are we going to take our children to their schools?”

They also said no matter how the government tries, except it allows reason to prevail on these critical issues that have bogged down the downstream sector of the oil industy, Nigeria would be back to square one.

Alex Ogedengbe, a former managing directors of Port Harcourt and Kaduna Refineries wondered why government is afraid of privatising and deregulating the downstream sector of the petroleum industry.

Ogedengbe said if we get these queues away as predicted in the next three weeks, they will certainly come back, as far as the government continues with its present way of maintaining refineries.

Ogedengbe who spoke on Channels TV programme, said investors would not be ready to come to the sector because government regulates price.

“It is unrealistic to have the same price through the country because it costs money to move those products from one place to another”.

He said no one would ever know the market price of the product until the owners of the refineries are made to be market oriented.

He said government can give incentives to owners of refineries if she fears that the price of the product would be higher after privatisation. Such incentive, he observed, could be in the form of tax free holidays for a few years or crude t a descanted rate.

“These are the kind of incentives that would bring investors that can run refineries, the private organised people that know how to run refineries.It would also allow for a sustainable investment that runs from year to year.

Also talking to BusinessDay, Babajide Soyede, a former general manger of Warri Refinery and Petrochemical concurred with the views of Alex Ogedengbe when he said that the current approach would only give temporary relief as the queues would only disappear for a while and then come back except if the government hands off the downstream of the industry and limit its function to regulation.

According to him keeping the refineries the way they are is a waste of money and resources as they only producing fuel oil which brings less value than the crude that was supplied.

The refineries must be upgraded, rehabilitated and privatised or at least a joint venture arrangement whereby the government would have minority share should be put in place.

But Justin Ezeala, executive director supply and distribution of the Nigeria Products Marketing Company (NPMC) maintained his position that with the arrangement on ground there is cause for alarm.

Ezeala said after saturating the major cities with the product, they would begin to push into the hinterland and that the government is also finalising arrangements to ensure a sustainable supply of petrol in every part of the country.

He insisted that the supply of 30,000 metric tons (40 million litres) of petrol everyday in order to ease off the fuel scarcity cannot be compromised.

Meanwhile the fuel situation at the weekend continues to improve, as motorist enters the filling stations with ease.

http://www.financialwatchngr.com/2016/04/11/fuel-scarcity-fg-intervention-temporal-queues-will-resurface-stakeholders/



IN THE LAND OF BOKOHARAM AND A TIME OF FUEL SCARCITY AND RISE IN
DOLLAR.......THE DESTINY OF A GREAT COUNTRY RESTS ON A SHOULDER
OFA CONFUSED PRESIDENT...... HIS NAME IS___________

54 Likes 6 Shares

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by ebiboy2(m): 2:23am On Apr 11, 2016
His name is bubu grin

25 Likes 2 Shares

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by eleko1: 3:01am On Apr 11, 2016
Weeping May endure for A Night,JOY Cometh in the Morning.NO condition is permanent.Our CANNANLAND isn't Far.#TRUSTBABADAURA cool wink grin.NIGERIA------- E GO BETTER cool.

13 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Aufbauh(m): 3:20am On Apr 11, 2016
If we can overcome Boko haram we will surely overcome fuel scarcity.

16 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Nobody: 3:31am On Apr 11, 2016
Riddle :




There was a green house. Inside the green house there was a white house. Inside the white house there was a red house. Inside the red house there were lots of babies. What is it?
Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by comradee1248: 9:04am On Apr 11, 2016

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by kceewhyte(m): 9:06am On Apr 11, 2016
K
Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Nobody: 9:06am On Apr 11, 2016
There will always be a recurrence as long as the federal government continues to overly superintend the oil industry. Government needs to loosen its grip on the oil industry and allow private investors to run the show. This is the only way to bid farewell to queues, anything other than this is merely a palliative measure.

13 Likes 1 Share

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by blazetitov: 9:06am On Apr 11, 2016
Nigerians punishing fellow Nigerians. That's all i see in the petroleum crisis/industry.

4 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by freemanbubble: 9:07am On Apr 11, 2016
Hmmm. Nonsense/
What about the privatization of power? I didn't see any progress.

4 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by law001(m): 9:08am On Apr 11, 2016
.
Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Roidatom(m): 9:09am On Apr 11, 2016
This is interesting.
Here's the solution to the fuel effect on transportation, proposed by a friend:

"Buying FUEL is almost like buying BEER. The price is almost the same, and some beers are even cheaper.

So, you either buy fuel and drive, or you buy beer, drink and trek." smiley

We pray God gives us the wisdom to overcome the fuel ish. E no funny again oo.

3 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by omenka(m): 9:09am On Apr 11, 2016
These guys are only speculating to keep up the scarcity and keep the profits flowing.

5 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Ondoboi12345678: 9:09am On Apr 11, 2016
Is this picture real or its photoshade?
Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by PIPPROF(m): 9:09am On Apr 11, 2016
buhari please go and beg diezani embarassed embarassed


Nigerians are now used to buying fuel at 200 naira cry

15 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by GenOrumov: 9:10am On Apr 11, 2016
How can government claim to have deregulated but still go ahead to fix prices?

This government wants to run a socialist government but unfortunately, the development that will be recorded will be minimal at the end of their tenure. Although the government should not leave Nigerians to the mercy of capitalist (because majority of Nigerians are poor), they should still shift position a bit so as to encourage the massive investment into the country. That action will make us record serious development than currently experienced.

Nigerians in other parts of the country except Lagos and Abuja are currently paying more than 86.50 for fuel. Why not ride on that once and for all so as to enable us record serious development there?

2 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by PIPPROF(m): 9:10am On Apr 11, 2016
emmabucks:



IN THE LAND OF BOKOHARAM AND A TIME OF FUEL SCARCITY AND RISE IN
DOLLAR.......THE DESTINY OF A GREAT COUNTRY RESTS ON A SHOULDER
OFA CONFUSED PRESIDENT...... HIS NAME IS dollard

cool
Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by koikoi2(m): 9:12am On Apr 11, 2016
HV
Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Luckylife(m): 9:15am On Apr 11, 2016
Confused man is always confused

3 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by darlenese(f): 9:16am On Apr 11, 2016
Then its time for somebody to eat that apple! sad angry

4 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Meriekriss: 9:16am On Apr 11, 2016
They are saying queue will resurface, and am asking, has it disappeared in the first place??

24 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by DJBIGGY(m): 9:16am On Apr 11, 2016
yes just as i saw queuesssssss in abuja yesterday, despite the assurance that it would be lifted

3 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by stevecantrell: 9:17am On Apr 11, 2016
The Cabals are back !

Buhari thought mere mention of his name will cow them to compliance but the truth is, his ministers are working with them.

4 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by shaddoww: 9:18am On Apr 11, 2016
I believe Nigerians will b happy to see d queue disappear first den start hearing all other details afterwards.

1 Like

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Eshinery(m): 9:18am On Apr 11, 2016
wolfslair:
Riddle :




There was a green house. Inside the green house there was a white house. Inside the white house there was a red house. Inside the red house there were lots of babies. What is it?
water melon

6 Likes 1 Share

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Godswillnwaoma(m): 9:18am On Apr 11, 2016
Its a pity

1 Like

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Akshow: 9:20am On Apr 11, 2016
Om
Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Akshow: 9:21am On Apr 11, 2016
freemanbubble:
Hmmm. Nonsense/
What about the privatization of power? I didn't see any progress.
ask pdp that privatized it

4 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Nobody: 9:22am On Apr 11, 2016
Who r d stupid senseless self centered stalkholders dat want to burn dis country because of dree stealing of oil subsidy

2 Likes

Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by gameboy727(m): 9:22am On Apr 11, 2016
Lord help this country. How did we get to this stage?
Re: Fuel Scarcity: FG Intervention Temporal, Queues Will Resurface – Stakeholders by Akshow: 9:22am On Apr 11, 2016
PIPPROF:
buhari please go and beg diezani embarassed embarassed


Nigerians are now used to buying fuel at 200 naira cry
for those with shallow forgetful mind. Check the date of the pix and tell me who was president then. Nigerians be acting like fuel scarcity is a new thing.

6 Likes

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