Insights that Nigeria may confront another round of fuel crisis emerged yesterday, as oil marketers in Nigeria, under the aegis of the Depot and Petroleum Products Marketers Association, DAPPMA, revealed that oil marketers now just import 10 percent of petroleum products into the nation.
DAPPMA uncovered that as at today, 90 percent of petroleum products in the nation were imported by the NNPC, as a feature of its intervention programme to prevent scarcity of the product, while oil marketers just import 10 percent.
This was contained in an announcement from the Nigerian National Petroleum Corporation, NNPC, in Abuja, when members from DAPPMA paid a cordiality visit to the Group Managing Director of the NNPC, Mr. Maikanti Baru in Abuja reported vanguard.
Chairman of DAPPMA, Mr Dapo Abiodun bemoaned that in spite of the gigantic investments of its members in the downstream sector, they were not able to contribute much to productivity in the framework.
According to the vanguard, certain operational exigencies have constrained oil marketers in the nation to perform below capacity.
He said, “In the past, we were importing 70 per cent of products while NNPC was importing 30 per cent, being the supplier of last resort which is their responsibility. They moved to doing 50 per cent and by November, they were doing about 90 per cent of the volumes.
“So we have to come and appreciate them because in spite of the constraints that got them to take on the burden of increasing their importation from 30 per cent to 50 per cent and then 90 per cent, there were no hiccups, there were no queues, there were no shortages. We think NNPC should be commended for that.” In his response, Baru said the NNPC was aware of the challenges being encountered in the sub-sector, stressing that he was hopeful that appropriate government agencies would come to their rescue soon.