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PENGASSAN Blames Outdated Distribution for Fuel Queues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 Osifo pointed to weak and outdated distribution chains in the oil and gas sector as a major cause.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.
Nigerians reacts to President Tinubu trip to UK and lament that the timing is just bad. The timing of the trip and the arising crises occurring in the country.
It can be noted that the President, his wife and some other officials followed him on the trip.
And the public has shouted that we need the officials here in the country in the crises, asking who will help to manage the state of things as they are all going at once.
People shared their displeasure with a large crowd following the president to another country and leaving Nigeria in this state.
Federal Government in Nigeria has declared March 19th and 20th as public holidays for the end of Ramadan.
This was revealed by the Minister of Interior, Olubunmi Tunji-Ojo. He made this announcement on behalf of the Federal Government.
He wished Muslims a joyful Eid al-Fitr celebration.
It has been reported that President Bola Ahmed Tinubu has departed to London.
The Nigerian leader is travelling ahead of a state visit to the United Kingdom. The purpose of this visit is to strengthen bilateral relations and explore avenues for collaboration on issues such as immigration, trade, investment, and cultural exchange.
Amid this travel, the fuel prices still remain increased and many of the public are still there.
Nigerians react to the news, stating that he is leaving Nigerians once again to suffer with the current state of things before he returns.
They are calling out for him to do something and change about the fuel.
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