FEC gives Kachikwu marching order, to end fuel scarcity in days

By Editor on 06/12/2017

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The Federal Executive Council, has mandated the Minister of State for Petroleum, Ibe Kachikwu, and Maikanti Baru, Group Managing Director of the Nigeria National Petroleum Corporation (NNPC), to end the fuel queues across the country by the end of this week.

The directive was issued at the FEC meeting which had in attendance, the Vice President, Yemi Osinbajo.

The meeting was presided by Vice President, Yemi Osinbajo in the absence of President Muhammadu Buhari who is in Kano on a working visit.

The minister of Information, Lai Mohammed, said contrary to speculation, the government had no intention today or in the near future to hike fuel price in the country.
He said, “The minister of petroleum was suppose to join us but he has to attend a very important meeting so that this crisis would be resolved.
“No. The government has no intention at all that to increase the pump price of PMS. Two, the minister assured the council that we have enough products till the next one month even till the end of January.

“Thirdly, this is winter period. There is always more demand for refined products for petroleum during winter period in the colder countries, this is what we are experiencing now.

“Also that it has been the NNPC that has been importing but he has assured. The council gave him a matching order that this fuel scarcity should not last beyond this weekend and they are going to work very hard to ensure that it is curtailed. He assured council that there is actually no cause for alarm.”

Kachikwu

 

Source Whirlwindnews

Posted on December, 6 2017

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