Would you like to receive notifications on latest updates of the following headlines?

Marketers To Converge On Monday Over Fuel Scarcity

POSTED ON May 5, 2024 •   BUSINESS & ECONOMY      BY Benedicta Bassey
Fuel Scarcity queue in Lagos state/Photo Credit: Punchng.com

Marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria have said their National Executive Council would be meeting officially on Monday to address the issue of fuel scarcity

As fuel scarcity deepens across the country, the National President of IPMAN, Hammed Fashola, said that “Monday’s meeting became expedient following the prevalence of fuel scarcity.”

Fashola explained that NNPC, which is the sole importer of petroleum products in the country, opened up its reserves in all existing depots across the country in a bid to ease off the long queues at the fuel stations.

“We are meeting on Monday officially with other marketers. We are working closely with NNPC. The Monday meeting is for our National Executive Council. After the meeting, we will reach out to the NNPC. We talk with them every day,” he stated.

On the likely subject of the Monday meeting, he said, “It will be to assess the present situations. We evaluate what we have done so far. We will look at what is happening in the cities; assess the situations to know what to do again.”

“The meetings we have been having with the NNPC are in collaboration, which we have been doing. If you notice, yesterday (Friday), NNPC opened up their reserves in all the depots throughout the federation. And we are working with them to ensure that everywhere is wet so that this thing (scarcity) can disappear,” he added.

“The good news is that this is a new reality. And it is going to bring better solutions because when you have NNPCL doing what they have to do, and we also doing what we have to do, the result will be fantastic. If you go to Abuja today, you will see that the queues have eased off. In the South-South and South-East, those who have been selling products as high as N670, we are bringing them to the book,” he added.

 

READ ALSO
FG Commits to Clearing Legacy Debts for Gas Producers
BY Abiodun Saheed Omodara July 12, 2025 0

The Federal Government has announced its intention to clear all due payments to gas producers, inclu...

READ ALSO
Solid Minerals Minister Addresses Blackmail Against Mining Marshals, Vows Sector Reforms
BY Abiodun Saheed Omodara July 12, 2025 0

The Minister of Solid Minerals Development, Dr. Dele Alake, has stated that the Mining Marshals (MM)...

READ ALSO
Senate Calls for Reassessment of Nigeria's Power Sector Strategy
BY Abiodun Saheed Omodara July 11, 2025 0

The Senate has urged the Federal Government to reconsider its strategy regarding the power sector, a...

READ ALSO
Crypto Bridge Exchange Collapse Sparks Urgent Senate Inquiry into Ponzi Schemes
BY Abiodun Saheed Omodara July 10, 2025 0

The Senate initiated an extensive investigation into the surge of Ponzi schemes across the nation, o...

READ ALSO
IMF Commends FIRS for Reforms, Pledges Continued Support
BY Abiodun Saheed Omodara July 10, 2025 0

The International Monetary Fund has expressed its support for the ongoing reforms at the Federal Inl...

READ ALSO
FG Urges Judiciary to Strengthen Capital Market for Economic Growth
BY Abiodun Saheed Omodara July 8, 2025 0

The Federal Government has called on the judiciary to take a proactive role in strengthening the cap...

READ ALSO
Reinventing Nigeria’s Fiscal Framework: A Call for Unity and Responsibility
BY Abiodun Saheed Omodara July 8, 2025 0

President Bola Tinubu has emphasized his government's dedication to allocating sufficient resources...

READ ALSO
CBN Mandates Capital Restoration Plans for Banks: A Step Towards Regulatory Compliance
BY Abiodun Saheed Omodara July 8, 2025 0

The Central Bank of Nigeria has instructed banks to provide a capital restoration plan as part of it...

OUR CHANNELS:

Tinubu Returns to Abuja after Successful Diplomatic Missions in Saint Lucia and Brazil
BY Abiodun Saheed Omodara July 14, 2025 0

ABUJA, Nigeria - President Bola Tinubu returned to Abuja late Saturday following official trips to S...


Leadership Crisis Hits Benue ADC as Over 500 Members Defect Back to PDP
BY Abiodun Saheed Omodara July 14, 2025 0

The Benue chapter of the African Democratic Congress (ADC) is currently enmeshed in a leadership cri...


Voter Apathy: Young Residents Express Doubts About Electoral Process
BY Abiodun Saheed Omodara July 14, 2025 0

LAGOS, Nigeria- Despite appeals for civic engagement from election officials and stakeholders during...


Nigerian Man Sentenced to 11 Years for $1.3 Million COVID-19 Fraud
BY Abiodun Saheed Omodara July 14, 2025 0

A Nigerian man residing in the San Gabriel Valley, Abiola Femi Quadri, received a sentence of 135 mo...


FG Commits to Clearing Legacy Debts for Gas Producers
BY Abiodun Saheed Omodara July 14, 2025 0

The Federal Government has announced its intention to clear all due payments to gas producers, inclu...


Solid Minerals Minister Addresses Blackmail Against Mining Marshals, Vows Sector Reforms
BY Abiodun Saheed Omodara July 14, 2025 0

The Minister of Solid Minerals Development, Dr. Dele Alake, has stated that the Mining Marshals (MM)...


Governor Yusuf Urges Community Support for Educational Initiatives
BY Abiodun Saheed Omodara July 14, 2025 0

The Chief of the Naval Staff (CNS), Vice Adm. Emmanuel Ogalla, has reiterated the Nigerian Navy&rsqu...


Tight Security and Low Turnout Mark Local Council Elections in Lagos
BY Abiodun Saheed Omodara July 14, 2025 0

LAGOS, Nigeria - Heavy security presence was observed at the headquarters of the Lagos State Indepen...


Nigeria Customs Seizes 40-Foot Container of Donkey Genitals in Major Wildlife Trafficking Bust
BY Abiodun Saheed Omodara July 14, 2025 0

Operatives from the Nigeria Customs Service have seized a 40-foot container filled with donkey genit...


Niger United Secures Third Win; Coach Eyes League Trophy
BY Abiodun Saheed Omodara July 14, 2025 0

Niger United's coach, Yekini Adebayo, has shown optimism regarding his team's chances of claiming th...


More Articles

Load more...

Menu