The House of Representatives’ committee on Petroleum (Downstream) has expressed confidence for the measures put in place by the Nigerian National Petroleum Corporation (NNPC) to avert fuel supply shortage, and believe the measures would be successful this year, according to reports.
The Committee added that this was due to efforts that went into the planning and execution of the zero-fuel scarcity strategy by the national oil firm and its subsidiaries. This was disclosed by the chairman of the committee, Joseph Akinlaja during a visit to the NNPC headquarters in Abuja.
This comes as the NNPC announced on Thursday, December 6, that it unveiled Nigeria’s multi-billion dollar investment opportunities in the deep-offshore frontiers at the 10th World Energy Capital Assembly in London, United Kingdom. The group general manager, Group Public Affairs Division (NNPC), Ndu Ughamadu said in a statement that the House committee commended the corporation on the strategies deployed so far to make petroleum products available to Nigerians throughout the end of year festivities and beyond.
Akinlaja said: “We are impressed by the presentation and we are sure that there will be no war room here again because of products scarcity. You have done very well and I’m happy that Nigerians are going to travel effortlessly at this period of the year”. On the threat by major and independent petroleum products marketers to ground the sector due to unpaid subsidy arrears, the committee chairman appealed to the Federal Government to do everything within its powers to pay up the arrears to forestall any crisis. Meanwhile Maikanti Baru, NNPC’s group managing director, reassured Nigerians of the corporation’s preparedness to ensure zero-scarcity of petroleum products during the festive season and beyond.