Business NUPENG Reveals The Culprits Behind Current Fuel Scarcity in Nigeria

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The Nigeria Union of Petroleum and Natural Gas workers (NUPENG) has called on the minister of finance, Ngozi Okonjo-Iweala, to intervene in the current fuel crisis in the country.

"It is the intervention of the minister that can adequately solve the problem. She is the one who promised the marketers in February that in March, their outstanding subsidy amounting to N264 billion will be paid," Mr Isaac Aberare, NUPENG's general secretary said in a statement yesterday.

Aberare also called for the intervention of the NNPC, Petroleum, Pricing, and Regulatory Agency (PPPRA) and major players in the sector to tackle the scarcity.

“The marketers say their cash is trapped such that they cannot import the product unless they are paid. It is when the money is released that they can import petroleum products; for us as a union, we have little or nothing to address the situation.

“Our tanker drivers are not on strike; they are available to load the trucks but the product is not there for them to carry, so that is the situation.”

Okonjo-Iweala met with members of the Major Oil Marketers Association of Nigeria on February 23 and agreed to remove all bottlenecks in fuel imports. According to him, this includes the settlement of N100 billion before the end of March to banks, in order to avert a fuel supply crisis. The minister also met with officials of the Debt Management Office and members of the major oil marketers to reassure them of FG's commitment about their plight.

#Nigeria #NUPENG #NAN

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