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PENGASSAN Blames Outdated Distribution for Fuel Queues
At the 2024 PENGASSAN Energy and Labour Summit in Abuja, Mr. Festus Osifo, President of the Petroleum and Natural Gas Senior Association of Nigeria, highlighted the reasons behind the persistent fuel queues at filling stations. Osifo pointed to weak and outdated distribution chains in the oil and gas sector as a major cause.
He explained that Nigeria’s reliance on a single importation point and truck-based distribution is inadequate for its large population, leading to recurring fuel shortages. Additionally, he cited bad roads and flooding as factors exacerbating fuel scarcity.
Osifo also addressed the high cost of local production, which is 15-20% higher than global standards, partly due to the security burdens faced by oil and gas companies. He urged the government to assume security responsibilities from investors and strengthen laws against oil theft to reduce production costs and improve industry integrity. Without these changes, he warned, Nigeria will continue to face fuel distribution challenges.
It was reported that bandits were seen in Kwara State and abducted six residents from Rukpete Village.
The incident was reported to have occurred on June 8 at about 11 p.m.
Sources revealed that seven people were initially taken, but an elderly man was later released, leaving six victims in captivity.
The rising cases of insecurity in the country remain quite alarming.
The state of the country is affecting many people, as they believe nowhere is safe, including schools where they keep their children.
It has been reported that some parents have started withdrawing their children from schools in Abuja.
It can be noted that rumours of bandits being sighted near a school triggered panic, causing parents to hurriedly remove their children for safety.
While the reports of bandits have not been confirmed, the school has also issued safety measures to ensure the protection of students within the premises.
It has been rumored that bandits have made their way to Lagos, and allegedly they were spotted in Ibeju-Lekki, where some residents became suspicious of them and reported the matter.
A clip of the group of men went viral online, and many people became concerned. Whether true or not, fear has been sparked among Lagosians as they worry that bandits may already be in the state. Even if the reports remain unconfirmed, many believe it is still a possibility worth paying attention to.
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