The Federal Government has accused some oil marketers of frustrating government’s efforts in making the product available to motorists.
The Minister of State for Petroleum Resources, Mr. Timipre Sylva, made the allegation when he briefed journalists on the outcome of the Federal Executive Council (FEC) meeting, chaired by President Muhammadu Buhari on Wednesday, February 8, 2023 in Abuja.
“This is quite unfortunate and we are not happy at all with what is going on. Every hand is on deck to check the excesses of these marketers.
READ ALSO: FEC approves N117bn for Oloibiri Oil Museum in Bayelsa
“At the moment today there is supply but unfortunately we are experiencing some bottlenecks in the distribution and movement of the product to various destinations.
“I want to assure you that everything is being done; the NNPC Ltd. and all other stakeholders are working hard to ensure that this problem is resolved.
“We have reports of profiteering by marketers and I have directed the pricing regulatory agency, Nigerian Midstream and Downstream Petroleum Regulatory Authority to sanction anybody who profiteers on this kind of situation,” Sylva said.
President Bola Tinubu has granted a final six-month tenure extension to the Comptroller General of…
The Nigeria Employers’ Consultative Association (NECA) has praised the Federal Government for issuing the General…
The Inspector-General of Police (IGP), Olatunji Disu, has approved the appointment of CSP Anietie Iniedu…
President Bola Tinubu has ordered the immediate reinforcement of security at the National Institute for…
President Bola Tinubu says the Minister of the Federal Capital Territory (FCT), Nyesom Wike, justified…
A private legal practitioner and former Chairman of the Kano State Public Complaints and Anti-Corruption…
This website uses cookies.