₦airaland Forum

ajebuter:
[s] Beremx? You call this ' useless government without focus'?

Government you wrote extensive epistle about and defended vehemently?

Chai... It seems wailing group is beckoning...

Make I laugh a million times first..

Buhari failing hands of his supporters big time I swear!

[/s]

MaziOmenuko:
They soon say they were having 24hrs power supply under the last administration with mana falling daily from the sky.

eleojo23:
[s]Hello, quit throwing tantrums on this thread, nobody is fighting with you.
People are obviously worried (and a lot are angry at the current situation), that's why they are airing their opinion.
There is no need for all these back and forth comparison between GEJ and Buhari. It doesn't change anything.

What we are saying is that having repeated episodes of fuel scarcity doesn't speak well of this govt and something should be done about that.

Beremx:
stop quoting me to get likes. you can make your comments without disturbing my mentions.

TGreat7:
Is that an excuse for the scarcity to remain forever. Or is this Buhaha administrative competing during GEJ time for the longest scarcity duration. Shame to you op. Solve the problem and stop taking us back abegi. Iranu.

jogojogo:
Its not an excuse but enough of the lies that such never happened under GEJ.

avicky:
Gotcha! Long time o. Still waiting for that invite o

rolchi:
OP, what is your point? I guess you just want to create a thread...that is good. I score you high for opening a thread.

But again, what is your point? Nigerians bought fuel at 140ngn at a time when the government then completely deregulated the d/S. Then there was a massive strike action by organised labour and CSO that paralyzed all Economic Activities in Nigeria.

Today, the official price of is 86ngn and Nigerians are suffering acute PMS scarcity and you draw up a post of 2012 to sedate their pain or what? What exactly is your point?

We just returned from Easter holidays and I have made a strong deliberate attempt to remain civil today...please, don't continue along this line.

For BAD IS BAD!

The APC Progressive government is taking us through the worst fuel scarcity regime in recent times. We need fuel...SIMPLE!

abuchilag:
It is certainly obvious that some youths are the problem of Nigeria.
How can a sane person be making such baseless argument?
Maybe you are not a student of history. The price shot up to N140/litre due to the "sponsored" subsidy protest.
Now we know better.

We all agree that we have to pay some

price to get things working. However, the price should not apply to the basic things in life.
We are no longer asking the government to provide again......make these things available and we will buy with our "hard earned money".

This fuel and power brouhaha is getting too much.
I pray that God will direct our leaders.
God bless Nigeria.

Rubbish excuse

jogojogo:
[b][/b]

ckmayoca:
The country is so divided beyond tribalism and religion matter, imagine youths that are suppose to unite and condemn what's currently happening they rather compare past with present that is going to determine thier future.
All of una justifying this madness are very funny.
This fuel matter is taking too long. If NNPC can't refine and can't import, they shld allow every not selected private body that can import do so with thier money na.

dazdilijae:
I guess this op is high on cheap drugs
How can u compare 2weeks of strike action and 3months of normalcy? Even during that period no petrol station nation wide openly dispensed at N140 per litre but I bought @ N170 in makurdi on Thursday and N180 yesday in Zaria yet no strike, nothing 2 explain d cause.
Better STFU if u ve notin to write about
People are suffering and your post is an insult on the citizens of Nigeria

jogojogo:
If you are intelligent enough to point out reasons why fuel was sold as high N140 under GEJ but blind or ignorant to reasons on ground at the moment, that is what I call SENTIMENT

yaki84:
the 2.1trillion naira supplementary budget what was it for?
abeg comot for my mention.
dont quote me again if u cant answer that question.

jamace:
OP, I expect a better post from you than this.

jogojogo:
Lie of the century. Na wa o

jayriginal:
Why?

jamace:
By your post, you have proven to us that you are happy and proud that we are experiencing fuel scarcity.

Fuel scarcity is a bad omen which should be frowned at by all citizens,

MaziOmenuko:
Aww dearie...long time indeed.

About that invite...still work in progress. I'm sure we will work something out soon.

Wheres your friend?

jayriginal:
Nigerians are generally known to have short memories, especially when it comes to leadership issues. A lot of people want us to believe that there were no fuel queues under GEJ but the clear reality is that we had severe scarcity problems under GEJ.

Take a look at this thread created in 2012 https://www.nairaland.com/836786/fuel-now-141naira-liter-bought

me1234:
I guess your memories has also failed you to remember the cause of the fuel scarcity and queues under Jonathan in January 2012. Since your memory is so short let me refresh it. The government of jonathan at that time told the nation that for the government to be able to carry out developmental projects the the fuel subsidy has to be removed and beside the subsidy was only benefiting a few Nigerians. But guess what the occupy nigeria group championed by TUNDE BAKARE financed by TINUBU did? Well I need not remind you. One wonders why they suddenly swallow their vomit when PMB said he wanted to remove the same subsidy

nikkyejike:
Minister of state for Petroleum Resources, Mr. Emmanuel Ibe Kachikwu, on Tuesday apologised to Nigerian over the lingering fuel scarcity in the country and his faux pax when he stated that he was not a magician.

Kachikwu appeared before the Senate Committee on Petroleum Resources, (Downstream) and noted particularly that his comment that he is not a magician to cause fuel queues to disappear overnight was not meant to insult Nigerians.

He rejected the call for him to resign over the biting fuel crisis but assured that the fuel queues would disappear within the first two weeks of April, 2016.

He said “Let me thank the Senate for taking time out from your recess to come to dialogue this issue. It shows the importance you attach to the petroleum industry and the feelings of Nigerians.

“Let me just digress. I share the pains of Nigerians. I feel that pain every day when I walk the streets. On Easter day I was in Lagos monitoring fuel distribution and the depots, I have given 24 hours attention to the problems.

“I have continued to work with one sole purpose which is that every problem must have a solution and I think that is the reason I was picked.

“I do apologise for the comment that I made jocularly with my friends in the press about being a magician and it offended Nigerians. It was not meant to be, it was a side jocular issue.

“I did go on to explain what needed to be done. I did not know that it would create the kind of hyperbole that it did.

“Let me first admit that I am not a typically experienced politician. I am a technocrat. I come to work.

“Some of the phraseologies that I may use, while being acceptable in the arena in which I play obviously will not be acceptable in the public political arena.

“So if any body’s sensibilities were offended by those, I totally apologise.”

“I share the pains of Nigerians. I feel that pain every day. I worked the streets and those who are following my trajectories since I resumed office would see that even on the Christmas day, I was at the refineries.

“Like I said on the Easter day, I was in Lagos, monitoring fuel distribution at the depots. I have given 24/7 attention to the problem in this industry which were unbelievable.

“I have continued to work with one sole purpose in mind, which is that every problem will have a solution.


“I am a very humble person even imagining the thought that I dictate to Nigerians. I am not somebody like that.”

On the reason for the current fuel scarcity, he said, “Let me put the reasons for the scarcity in three categories. First, what did I meet? When we came in August, this country had arrears of unpaid subsidy claims that were in excess of N600 billion which were not paid for over a year.

“So, progressively over a period of eight months, prior to my coming on board, people have been staying away from importation not at a heavy level but by about 10 to 15 percent of allocation were not being met. But there was hope that ultimately if the subsidy regime continues, they would get paid. So, some people continued to import, but by the time we came in, people had reached a breaking point and most of the companies didn’t have the liquidity even to go to the banks and open letters of credit and that became a major issue, and we succeeded in paying, late October last year, the N500bn subsidy.

“Some element of the subsidy like the foreign exchange components remained unpaid, which has been carried into this year’s budget. It became clear to me that having regards to the difficulty that we faced in terms of paying for the subsidy, the country can no longer, quite frankly, afford subsidy payment.

“We were faced with the challenge of ensuring supply of petroleum products without the need for a subsidy regime. As of January 1 this year, the country is no longer paying subsidy, saving us a cumulative of over N1trillion in a one year period. That was the first major issue.

“Second major issue was that once the N600bn subsidy money was paid, the ability of marketers to import the product became a challenge because they could not raise letters of credit and up to this point that still remain a major issue.

“So even if they wanted to import, they needed letters of credit and adequate foreign exchange cover. Some of them were owing arrears of liabilities as a result of commitment I had made on petroleum importation prior.

“So, whatever money they had was taken by banks to offset certain obligations. Going forward now, they didn’t have money to import fuel again. What that meant was that by late August last year, we moved from the expected obligation of the NNPC to bring in 50 percent of the national consumption of about 45 to 50 million litres per day but we now have to cover a 100 percent platform because nobody was bringing in the product, the consumption was still static and we needed to cover the gap.

“We took up that challenge without increase in crude allocation, without any excess allocation as it were and we have to work exceedingly hard from August last year to cover the gap but we didn’t cover it 100 percent because we didn’t have the ability to do so. So, the gap we could not cover was responsible for the queues. That was responsible for the 80 percent of the problem.

“Third issue is that of pipeline vandalism. We met pipelines that were in comatose, for instance, Mosimi was not working. This morning, after a three months intensive work with private partners, we just been able for the first time, to recover the Escravos to Warri pipeline and about a month ago, we recovered the Brass to Port Harcourt pipeline. For the first time, we will be able to pump crude to the refineries without the need to use vessels which are extremely expensive which I stopped as soon as I came. For the first time in six years, we are trying to recover the pipeline.

“We have 18 depots across the country. 90 percent of them are not in a state of use. They have not been maintained. They have been abandoned for years. Money was needed to work on them. But we have advertised for joint partners to come in and work with us to put in the required facilities to get depots working and get pipeline repaired. But through hard work we have been able to recover some pipeline from Mosimi up to Ilorin but with a few punctured points. The crude pipeline from the South to the North again being recovered. The absence of the pipelines, makes movement of the products from Lagos taking up to a week.

“Because the importers are not bringing in the product, the logistics of the NNPC had been expanded, creating great nightmare for us. Not only do we bring in the product but we also lighten it and take it to the storage tanks of the majors and some cases if you notice, we also are taking intervention trucks and taken products into the stations of this individuals because if they do not sell and the stations are empty, it is a challenge. NNPC basically overextended itself in terms of what it was set up to do and what it has the capacity to do.

“Lack of infrastructure too is affecting us because we are moving up to 3,000 trucks round the country every day this is not the best way to circulate or distribute products in a civilised world but that is the only option that we had. NNPC was losing N40bn every month when we came but this had been reduced to N3bn by December last year. We met a company with a debt profile of N4trn and with that of NPDC which is about N1trn. The access to open up letter of credit continues to be a challenge.”

On diversion of products by marketers he said, “Marketers are diverting the product, some days we load 300 trucks from Lagos coming to Abuja and one third of that, are dissipated into areas where people could make quick returns and so they won’t get to Abuja. We do not have a computerized system that will enable us to track every truck that is loaded from our depots. We are however working on this; it has not been there for 20 years.

“We are currently working very collaboratively with the oil majors that is upstream producing companies to see how they can sell us foreign exchange for the naira components they would require for their local operations. When they bring in the foreign exchange, they give us the first call. We are using that module to cover up the foreign exchange gap. We are also working collaboratively with the CBN within the limits of what it can tolerate to give us a little bit of foreign exchange.

“Additionally, we also brought in the DSDP programme because the number of litres of consumption as a nation was spectacularly false. We were carrying figures of up to 55 million litres per day that was geared towards creating opportunities for people to make more money during the subsidy regime. We did the analysis and we discovered that we were consuming 45 million litres which means that we are saving about 10 million litres per day.
“April begins the DSDP programme which will save us $1bn a year. This means that the contract upon which we were importing fuel in the past was extremely faulty. Once that begins from April 2, we have commitment of much more arrival of the product. That covers the 60 percent that our crude allocation can deal with. There is still that 40 percent gap which importers had got to bring in. That is being worked on through the collaboration of oil majors and the CBN.

“We are also setting up, for the first time, strategic reserves for the first time in this country of close to about two million tonnes to provide products always. That would be operational as from May. It would contain between five to seven cargoes of fuel as a reserve. Once we do that we should be away from the incessant fuel crisis that we have.

“We expect that between now and about the 6th to 7th of April, the fuel queues will disappear, the DSDP will begin and the foreign exchange allocation will see us smoothly through the track.

“The refineries will be working and the volumes they would be producing will be sent to the strategic reserves to address difficult times. In April, we are expected to get to get 150 percent of the volumes that would be needed. A lot of that will go to storage tanks. Hopefully, that should sort out the problem.”

http://www.theheraldng.com/kachikwu-apologizes-for-magician-remark/