*No shortage in fuel supply – NNPC GMD
The Nigerian National Petroleum Corporation (NNPC) has dispelled fears of any hitch in petroleum products supply following reports of resurgence of queues in the federal capital territory and some parts of the country.
Addressing a press conference in Lagos on Tuesday, the Group Managing Director, NNPC, Mallam Mele Kyari, assured Nigerians that the corporation has about 2.3 billion litres coming in, adding that there is no shortage in supply as being speculated.
He said: “As we speak now, there is speculation of fuel scarcity within the media but we have over 1.7 billion litres of Premium Motor Spirit in the country.
“We have another 2.3 billion litres coming in so there is no shortage in supply as being speculated.
“Of course, there are issues about pricing at some depots but government has no plan to revise the pricing structure.”
Kyari said the ongoing United Nations Climate Change Conference (COP26) in Glasgow, Scotland, again highlighted the challenges faced by Nigeria and other African countries in the global energy transition.
He said President Muhammadu Buhari, in his speech before the world leaders, had demanded for energy justice for the continent and the need to exploit the available resources as a pathway to attain the net-zero carbon objective by 2050.
The NNPC boss noted that though Africa accounted for only about three per cent of the global carbon emission, the continent still had the responsibility to join the world in combating climate change.
According to him, Nigeria has identified its abundant gas resources as its fuel for energy transition, which informed the declaration of the Year 2021 to Year 2030 as the Decade of Gas by the government.
Kyari said: “We are making good progress in terms of the implementation of the PIA which is clearly creating the path for transition.”
