News
Tinubu Tasks VP Shettima with Fixing Nigeria’s Fuel Crisis Amid Price Surge
President Bola Tinubu has tasked Vice President Kashim Shettima with leading a crucial meeting to tackle the ongoing issues in Nigeria’s oil and gas sector, particularly concerning pricing and scarcity.
This directive comes in response to recent challenges faced by the industry, including rising fuel prices and inconsistent availability.
In line with this mandate, Vice President Shettima convened a significant discussion on Thursday at the Presidential Villa.
The meeting brought together key figures, including Heineken Lokpobiri, the Minister of State for Petroleum Resources; Mele Kyari, Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL); and Ugbogu Ukoha, Executive Director of the Nigerian Mainstream, Downstream, and Petroleum Regulatory Authority.
Lokpobiri addressed reporters, confirming that President Tinubu shares concerns about the current state of the energy sector and is fully aware of the hardships Nigerians are enduring.
He emphasized that the President is calling for prompt and effective actions to stabilize fuel supply and pricing.
The Vice President’s efforts are focused on improving the distribution of petroleum products across the country, aiming to resolve the discrepancies where some regions face shortages while others encounter inflated prices.
Lokpobiri assured that measures are being implemented to enhance fuel availability nationwide, with expectations of improved accessibility by the end of the week.
While acknowledging that regional price variations might persist, Lokpobiri highlighted the government’s commitment to making fuel more accessible, which should ultimately contribute to more stable prices.
He clarified that the federal government does not control fuel prices directly, as the sector operates under market regulations.
The administration remains dedicated to resolving these challenges and ensuring a steady supply chain to meet the needs of all Nigerians shortly.
This initiative follows recent adjustments in fuel pump prices, which surged from N617 to N897 per litre.
President Tinubu is currently attending the FOCAC summit in China, focusing on international engagements as part of his official trip.
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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