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Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun - Politics - Nairaland

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Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by Islie: 10:42am On Dec 16, 2022
A member of the House of Representatives, Hon Sergius Ogun, has said marketers are paying in dollars to transport petroleum products within Nigeria despite the Federal Government’s order against the practice.

Ogun, a member of an ad-hoc committee on petroleum downstream, disclosed this on Thursday while speaking on Channels Television’s Sunrise Daily.

He was speaking on the persistent fuel scarcity in the country which has lasted for months.

The Department of State Services, last week, gave a 48-hour ultimatum to oil marketers to make the product available to Nigerians but there are still long queues at filling stations across the country with many of them reportedly selling for as high as N300 per litre.

Similarly, The House of Representatives on Tuesday asked the Nigerian National Petroleum Company (NNPC) Limited to end the current petrol scarcity crisis within seven days.

While speaking about the ultimatum, Ogun said: “I think this is doable in seven days. The challenge really is that there is a shortfall in supply. The suppliers were not willing to give the refined product because NNPC was owing them.

“The mother vessels that bring the refined products are in Lagos and the daughter vessels are going there to take. You charter those daughter vessels with dollars. They said it used to be about $30,000 but now it’s about $60,000.

“Also, the NPA takes their docking charges in dollars, NIMASA takes their fees in dollars.

“I actually heard that there was a memo from the Villa by the late Abba Kyari, the Chief of Staff to the President, who met with the then Minister of Transportation and other government agencies and directed that they should start taking their tariffs and fees in naira but he was ignored.

“These people [marketers] are going to the black market to buy dollars, because CBN is not giving them dollars, for these transactions with government agencies within the country.

“Now you are wondering why there is scarcity. NNPC is broke. They are not remitting money to the federation account, and they don’t have money to pay suppliers. They can’t deny this. If they deny, just ask them to bring their stock record for November, December 2020, November, December 2021 and this year.”

He said the Federal Government should dredge the river down south for the mother vessels to take the refined petroleum products close, adding that this would reduce the landing cost.

Ogun also said the president must be firm enough to dislodge the cartels in the oil sector who are driving the prices of the products high for their own selfish gains.

https://dailytrust.com/fuel-scarcity-marketers-pay-in-dollars-to-transport-products-within-nigeria-rep/

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Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by worldTina(f): 10:44am On Dec 16, 2022
We are still watching

7 Likes 2 Shares

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by Mystic216: 10:48am On Dec 16, 2022
It’s even better
Since CBN & FG wants to be madt
Very soon boys will only be spending dollars in the street and market

11 Likes

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by Nobody: 11:17am On Dec 16, 2022
God knows best.

The great emperor 'The Unity' is who we await
Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by Slawomirr: 2:47pm On Dec 16, 2022
Damnnn niggar
Bunch of miscreants

2 Likes 1 Share

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by olahero(m): 2:47pm On Dec 16, 2022
Huh
Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by DennisEche(m): 2:48pm On Dec 16, 2022
Lets change our currency to dollar since oga Emefiele de confuse

7 Likes

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by Hero2t: 2:48pm On Dec 16, 2022
This certainly won't help our current fx rate

1 Like

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by XVbbahja8: 2:48pm On Dec 16, 2022
Yooooooo!

1 Share

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by stano2(m): 2:49pm On Dec 16, 2022
Bullshit
Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by NwaNimo1(m): 2:49pm On Dec 16, 2022

1 Like 1 Share

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by israelmao(m): 2:51pm On Dec 16, 2022
Tell me the rationale behind voting for APC which referred to subsidy as a fraud before clinching power in 2015 and now master in the shady and dirty deal of crude oil?

8 Likes 1 Share

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by Lanretoye(m): 2:51pm On Dec 16, 2022
Nigeria na international local country nah.

1 Like

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by Nobody: 2:53pm On Dec 16, 2022
Greedy people...but it is understandable...

They have to pay the suppliers in dollars...hence they collect in dollars.

A time will come when we face reality, and remove the thing called subsidy totally.

3 Likes 1 Share

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by inoki247: 2:54pm On Dec 16, 2022
lol dem wan turn Nigeria to Ghana weh dem like spending Dollar pass dere local currency....

1 Like 1 Share

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by spencekat(m): 2:54pm On Dec 16, 2022
I have been frowning at this nonsense of paying in dollar while transacting with NPA or NIMASA here in Nigeria.

8 Likes 1 Share

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by Nobody: 2:54pm On Dec 16, 2022
Now you are wondering why there is scarcity. NNPC is broke. They are not remitting money to the federation account, and they don’t have money to pay suppliers. They can’t deny this. If they deny, just ask them to bring their stock record for November, December 2020, November, December 2021 and this year

Yes, NNPC is broke because they bring in fuel at N510 as at last month, and sell the same fuel at N148...

Now tell me, can any company sustain that for ever and ever? Is that not craxy economics? Selling at a loss.

Government used to bail them out, except that the money we are earning from oil IS NOT ENOUGH. Even if we stopped stealing of crude, and stopped robbery and so forth....we are not earning enough from oil to sustain a nation our size. (And this is why APC has failed, why we should have voted in someone else in 2019 and why we should not vote for tinubu in 2023. No diversification , NO money)

There is a reason why subsidy must go. When you sell at a loss to help the poor....all sorts of funny things happen. Subsidies are by their nature unsustainable and niduses for corruption and stealing.


He said the Federal Government should dredge the river down south for the mother vessels to take the refined petroleum products close, adding that this would reduce the landing cost.


LOL...it won't reduce the production cost at all! cheesy. That is what the NNPC boss drew attention to last month. Costs of producing fuel are going up because green energy. The time when we could send our crude to be refined in substandard refineries in Europe is ending...we either do it the standard way or else...

Anyone willing to quote me should ask himself why we are not queueing for rice, beans and oil. Thank you..

9 Likes

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by baralatie(m): 2:54pm On Dec 16, 2022
Even to toast better girl for this country.you need dollars

3 Likes

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by NotKnown: 2:55pm On Dec 16, 2022
Secure this man at all cost. He has said something most people don't want to hear.

Next thing we will heser now is how his file is being dusted at EFCC Hq

10 Likes 1 Share

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by spencekat(m): 2:56pm On Dec 16, 2022
Kobonaire234:
Greedy people...but it is understandable...

They have to pay the suppliers in dollars...hence they collect in dollars.

A time will come when we face reality, and remove the thing called subsidy totally.
Not understandable at all.Why will I pay NPA provisional bills or NIMASA 2% surcharge and Sea Protection Levy(SPL) in dollar when my vessel move just from Lagos to either Portharcourt or Warri to discharge her petroleum product?

6 Likes 1 Share

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by uchaymart(m): 2:56pm On Dec 16, 2022
It is obvious who sponsors the scarcity of fuel in the nation.
Reps!

Can't wait for a change of government

2 Likes

Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by PrettyBolu(f): 2:56pm On Dec 16, 2022
Lies. They want to manipulate government.

In 2014, this APC government connived with marketers to hoard fuel and caused untold hardship for Nigerians just to ruin Jonathan's government

I remember banks were closing by 1pm TV stations topped doing 24 hours.
Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by Nobody: 2:59pm On Dec 16, 2022
spencekat:
Not understandable at all.Why will I pay NPA provisional bills or NIMASA 2% surcharge and Sea Protection Levy(SPL) in dollar when my vessel move just from Lagos to either Portharcourt or Warri to discharge her petroleum product?

That is not fair, and should stop, but it does not answer the question of scarcity in total.
Re: Fuel Marketers Pay In Dollars To Transport Products Within Nigeria: Sergius Ogun by vivalavida(m): 3:00pm On Dec 16, 2022
We know the problems and the solutions. But the political will to effect these solution is just lacking in this present federal government.

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