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Thu, Apr

FG Sets Up 14-Man Committee To End Fuel Scarcity

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President Muhammadu Buhari on Tuesday approved the constitution of a 14-man steering committee to enforce petroleum products supply and compliance with official prices.The committee will be chaired by the President, with the Minister of State for Petroleum Resources, Timipre Sylva, asting as the alternate chairman. Other members of the committee are the minister of finance, budget and national planning; permanent secretary, ministry of petroleum resources; national economic adviser to the president; director-general, Department of State Services (DSS); comptroller-general, Nigeria Custom Service (NCS); the chairman, Economic and Financial Crimes Commission (EFCC) and the commandant-general, Nigerian Security and Civil Defence Corps (NSCDC).

This is coming as consumers of petroleum products express outrage over the worsening scarcity of the commodity amidst price hikes that have primarily become unregulated.

A statement by the Senior Adviser Media and Communications to the Minister of State Petroleum Resources, Mr. Horatius Egua, noted that the steering committee, which has the minister, Sylva as Alternate Chairman is expected to among other things ensure transparent and efficient supply and distribution of petroleum products across the country.

The committee is also expected to ensure stock management, visibility on the NNPC Limited refineries rehabilitation and track daily distribution to tackle smuggling, as part of its terms of reference.

President Buhari further ordered the committee to ensure national strategic stock management, visibility on the NNPC Limited refineries rehabilitation programme and ensure end-end tracking of petroleum products, especially PMS to ascertain daily national consumption and eliminate smuggling.

To further ensure sanity in the supply and distribution across the value chain, he directed NMDPRA to ensure that NNPC Limited, which is the sole supplier, meets the domestic supply obligation of petrol and other petroleum products in the country.