NNPC to end fuel scarcity with 24-hour depot, retail services

The Nigerian National Petroleum Corporation (NNPC) has stated that its adoption of a 24-hour depot and retail services cleared the fuel queues in Abuja, Lagos and many states across the country.

NNPC Chief Operating Officer, Ventures and Chairman of the NNPC Special Task Force on Fuel Monitoring, Dr. Victor Babatunde Adeniran, made this disclosure to newsmen after an on-the-spot monitoring of NNPC Retail stations and those of Major and Independent Marketers in Abuja.

Adeniran said the Corporation would always keep faith with its mandate of ensuring energy sufficiency, adding that the corporation has taken adequate measures to normalize products supply situation in the Country.

Speaking in a similar vein, the Managing Director of PPMC, Mr. Umar Ajiya, said the NNPC took delivery of two cargoes on Wednesday with 50 million litres of Premium Motor Spirit (PMS) otherwise known as petrol. He added that the corporation was expected to take delivery of a minimum of one cargo per day going forward.

He said the Department of Petroleum Resources (DPR) personnel had been deployed to all the depots acro

In a related development, the corporation has pledged to continue to offer unflinching supports to indigenous private investors in the nation’s Oil & Gas Industry.

NNPC Group Managing Director, Dr. Maikanti Baru, gave this assurance while speaking at the official commissioning of an ultra-modern 300 million-litre capacity tank farm built by a local private investor, Petrolex, at Ibefun, Ogun State.

“NNPC has taken the lead in supporting local players in both the upstream and downstream sub sector of the Petroleum Industry. We are therefore willing to support Petrolex in whatever way we can,” Baru stated.

According to the GMD, such support from NNPC signified the basis for achieving Government’s desire in maintaining a national strategic reserve to guarantee products availability across the country at all times.

He observed that in the wake of Nigeria’s growing population over the years, there arouse the need for a more sophisticated supply chain infrastructure capable of delivering energy products more effectively and efficiently, a goal fervently pursued by the Corporation.

“I am pleased to say that this vision is complimentary to NNPC’s mandate to ensure products availability and seamless transportation across Nigeria. It is a bold stride at complimenting Government’s effort,” Baru noted.

The GMD, who lauded Petrolex for its vision of establishing a 250, 000 barrels per day refinery close to the tank farm by 2020, said it was a wonderful dream that must be encouraged.

He stated that to ensure security of supply, NNPC had instituted the Direct Supply Direct Purchase (DSDP) scheme, upgraded its depots and ensured better security and integrity of the nation’s pipelines.

“So far, this administration has revived four (4) depots, commissioned additional tank farms at Mosimi depot to ensure effective products distribution and ease of life for the populace,” he said.

Earlier while commissioning the project, Vice President, Yemi Osinbajo said the tank farm would go a long way to ease petroleum products distribution bottlenecks in parts of the country.

According to the Vice President, the Federal Government considered industrialization as key to sustainable growth and development of the country, with its attendant promise of creating massive employment opportunities for teeming Nigerian youths.

Also speaking during the event, former President, Olusegun Obasanjo called on the public sector to join NNPC in supporting private investors to move Nigeria’s oil and gas industry forward.

In his remarks, Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, described the commissioning of the tank farm as a collective dream of all Nigerians towards securing the country’s energy future.


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