Kachikwu reveals FG's part in causes of fuel scarcity in Nigeria

Kachikwu reveals FG's part in causes of fuel scarcity in Nigeria

- The minister of state for petroleum resources Ibe Kachikwu has revealed the cause of the lingering fuel scarcity in Nigeria

- Kachikwu said federal government has been unable to address the logistics and policy issues that could end the scarcity

- He, however, noted that President Buhari was sympathetic to the sufferings of Nigerians

The minister of state for petroleum resources Ibe Kachikwu on Thursday, February 15, said federal government has been unable to address the logistics and policy issues that could end the scarcity.

ThisDay reports that Kachikwu made this known at a press briefing in Abuja.

He said the ministry’s plan to host a new oil and gas conference and exhibition the Nigerian International Petroleum Summit (NIPS) next week in Abuja.

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Kachikwu explained that the country would have to address certain fundamental policy issues especially with regards to the price of petrol to make the scarcity go away.

He maintained that the government was not ready to effect any pump price increment, adding that President Buhari was sympathetic to the sufferings of Nigerians in this regard and thus committed to keeping the price at N145 per litre.

The minister said he would direct the Nigerian National Petroleum Corporation (NNPC) to ensure the queues in Abuja are cleared before the conference starts.

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According to him, ''I can tell you behind the scenes, a lot of meetings are taking place because the fuel queue issue is both logistics and policy issues.

''We will need to address fundamental policy issues to enable it go away especially in the area where the pricing is showing differentials between the landing and sales price. What we need to do to continue to sell at N145.''

Meanwhile, NAIJ.com had reported that President Buhari again reacted to the lingering fuel scarcity in the country.

The president who disclosed this on Facebook said the scarcity is deeply regretted. Buhari also urged Nigerians to pray and appreciate the sacrifices of members of Nigeria's armed services.

Fuel scarcity: This is getting too much for us - Nigerians lament - on NAIJ.com TV:

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Source: Naija.ng

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