Business
Sylva: Problems associated with petrol queues linked to rot in previous governments
Timipre Sylva, minister of state for petroleum resources, says the federal government is working to holistically address the problem of petrol supply and distribution across the country.
In a statement on Tuesday by Horatius Egua, his spokesperson, Sylva said the current queues at filling stations did not start with the President Muhammadu Buhari administration, but are linked to years of “rot” in previous governments.
He also warned of dire consequences for individuals or groups who attempt to exploit Nigerians by disrupting petrol supply and distribution.
“The problems associated with fuel queues in the country is not a problem that came with Buhari’s government but a fallout of long years of rot and decadence in products supply and distribution chain by successive governments,” NAN quoted him as saying.
Timipre Sylva, minister of state for petroleum resources, says the federal government is working to holistically address the problem of petrol supply and distribution across the country.
In a statement on Tuesday by Horatius Egua, his spokesperson, Sylva said the current queues at filling stations did not start with the President Muhammadu Buhari administration, but are linked to years of “rot” in previous governments.
He also warned of dire consequences for individuals or groups who attempt to exploit Nigerians by disrupting petrol supply and distribution.
“The problems associated with fuel queues in the country is not a problem that came with Buhari’s government but a fallout of long years of rot and decadence in products supply and distribution chain by successive governments,” NAN quoted him as saying.
Advertisement
“Buhari’s administration is addressing the problem holistically. This is the first time in so many years that a government is addressing the problems associated with fuel supply and distribution collectively.”
Sylva assured Nigerians that the federal government is working to find permanent solutions to the petrol crisis, adding that as part of the solution, the government recently set up a 14-member committee in order to avoid future occurrences.
He also said the government has embarked on refinery rehabilitation, with the Port Harcourt refinery at about 65 percent completion, while Kaduna just got awarded to Daewoo of South Korea.
Sylva also cited the federal government’s “20 percent equity stake” in the Dangote Refinery, as well as the licensing of modular refineries.
All these, he said, are geared toward increasing crude oil production to meet domestic consumption.
-
Sports4 days ago
FA Cup: Man Utd suffer fresh triple injury blow ahead Coventry clash
-
News6 days ago
JUST-IN: EFCC declares Kogi ex-gov, Yahaya Bello wanted
-
News7 days ago
Port Harcourt company gifts plot of land to Law Graduate, Anyim Veronica
-
Politics6 days ago
Bayelsa Assembly screens 13 commissioner nominees
-
Business3 days ago
I met N13bn IGR per month but we are now seeing N27bn – Fubara
-
News4 days ago
Despite Apology, ABU Zaria Final-Year Law Student Arrested For Defaming Police Officer On Facebook
-
Politics4 days ago
SERAP To Govs, Wike: Account For Trillions Of FAAC Allocations
-
News2 days ago
Court orders Becky Buodeigha alias Becky Minaj, CEO of BM Secrets to pay Baraza N7m