₦airaland Forum

https://m.facebook.com/story.php?story_fbid=754372884763568&id=454396631427863

click on this link and watch SEN YUSUF ABUBAKAR'S wonderful job during the public hearing.

this man was writing and his picture was cropped to only his face to show he was sleeping. while on that day.he was the real hero fighting for the truth to be told to the public. I HONESTLY RESPECT HIM FOR PUTTING THE PETROLEUM SECTOR ON THEIR TOES ON THAT DAY

READ THIS AND KNOW HE DID A WONDERFUL JOB ASKING THE OIL GUYS QUESTIONS THAT COULDNT BE ANSWERED BY ANY THE WHOLE PETROLEUM SECTOR.

PETROLEUM PRODUCTS SCARCITY IN DECEMBER 2017 WAS UNWARRANTED
QUESTIONS, QUESTIONS, QUESTIONS…WAITING FOR ANSWERS
My presentation at the Senate Committee Public Hearing on Petroleum Products scarcity in December 2017,

SENATOR YUSUF ABUBAKAR.YUSUF SAYS:

However…I want to refer to page two of the NNPC document, “ROOT CAUSES OF PMS SCARCITY – INSINUATION OF SUPPLY GAP”

Because what NNPC is saying, it is only an INSINUATION. There is no supply gap at all. This is my own understanding. “…But the crisis aroused as a result of massive diversion, hoarding, panic-buying, smuggling, coupled with information about…” this and that, and that…Now, I want to ask,

When did the crisis actually begin?
There was 1.9 billion litres, as reported by PPPRA before the beginning of the crisis, which will last 53 days. And, by simple calculation, this comes to 36 million litres per day. Now, I want to relate it to page 18, point number 1…2…3…4…5: “NNPC TO IMPORT ADDITIONAL PMS CARGOS BETWEEN JANUARY AND MARCH 2018, TO FLUSH THE SYSTEM AS WELL AS BEEF-UP THE STRATEGIC RESERVES DEPLETED BY THE ACTIONS OF DIVERSIONS, SMUGGLERS, HOARDERS, ETC.

Now, my question is:
Do we really have statistics, or estimates, as to what is the level of our national demand per month? Do we really have it?

What is the capacity of our Strategic Reserves?

What is the Minimum Order Level, based on the Strategic Reserves, and the demand and the supply that we have?

Then, this question goes to the DAPMAN people:
What is the National Storage Capacity of PMS that we have in the country?

How much Crude Oil is actually allocated for domestic refining, and how much of it is used for swap of imported products?
If there is no swapping, how are they paying for the imports?

The 1.9 billion litres, was there any liability outstanding for payment by NNPC, to whether how it is financed? Because, if there is liability, there might be some hicks somewhere as to [suppliers saying] “if you don’t pay, we might not be able to do this supply” for those 1.9 billion litres

Finally,
Do we really, from the bottom of our hearts, as Nigerians, we want to solve the problems of this country…Do we really, clearly, had 1.9 billion litres, in storage, as reported by PPPRA, or it is just on paper? Please and please, let us be honest with ourselves.

PPPRA, that there was 1.9 billion litres in storage…I want a confirmation and documentary evidence, that you really had this before the crisis started.