Connect with us

NEWS

FG To End Fuel Scarcity By May – Minister

Published

on

The Minister of State for Petroleum Resources, Ibe Kachikwu, on Wednesday said despite the efforts being put in place by the Federal Government, fuel queues might not be completely eliminated until about two months.

He said since he was not a magician, the fuel queues cannot be eliminated with a magic wand.

The minister, however, said he and members of his team were working hard to resolve the fuel crisis.

Kachikwu, who is also the Group Managing Director of the Nigerian National Petroleum Corporation, spoke with State House correspondents shortly after he led a joint delegation of the Petroleum and Natural Gas Senior Staff Association of Nigeria and the Nigeria Union of Petroleum and Natural Gas Workers to meet with President Muhammadu Buhari at the Presidential Villa, Abuja.

He said with the reality on the ground, it was by sheer magic that the country has the amount of products it currently has in the stations.

He said, “One of the trainings I did not receive is that of a magician but I am working very hard to ensure some of these issues go away‎.

“And let us be honest, for the five or six months we have been here, NNPC has moved from a 50 per cent importer of products to basically a 100 per cent importer and the 445 barrels that were allocated was to cover between 50 and 55 per cent importation.

“So it is quite frankly by sheer magic that we even have the amount of products at the stations. We are looking to see how to get foreign exchange input; the President and I discussed extensively on how to get more crude directed at importation.

“His Excellency will rather have less crude but have individuals in the society suffer less with inconveniences than to have more crude and have them (Nigerians) continue to suffer.

“So we are going to put a new model to enable us increase the pace and actually get majors as part of the crew of those to bring in more products so that the NNPC will sort of go back on the capacity of what it used to do and the majors will take over the balance of importation.

“I think if we do that although, I don’t want to put a time frame, but I will expect that over the next two months, we should see quite frankly a complete elimination of this (fuel queue).

Kachikwu said government’s strategy was that whatever is produced in the refineries would not be sold but be kept in strategic reserve.

This, according to him, is because the major problem is that there is no reserve anytime there is gap in supply.

PUNCH

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

* Copy This Password *

* Type Or Paste Password Here *

NEWS

Nigerian Born Int’l Journalist, Livinus Chibuike Victor, attempts to attain Interviewing Marathon of 72hours 30 Seconds

Published

on

Journalists plays an essential role in promoting transparency, challenging power, and giving a voice to the voiceless. Despite increasing threats to press freedom across the world.

As the world reflects on the vital role journalists play in upholding democratic values, Livinus Chibuike Victor, Imo State born globally acclaimed journalist, proudly announce a historic Guinness World Record attempt for the longest interviewing marathon, with the Theme (NIGERIA OUR STRENGTH) scheduled to take place from 28th September to October 1st 2025, at Tangier Hotel, 34, Ekukinam street, Besides ABC Transport, Utako, Abuja.

The record attempt according to Victory, aims to highlight the enduring impact of journalism in a democratic society, a profession that continues to educate, empower, and hold those in power accountable. In an age where truth is often under siege, this initiative seeks to draw attention to the essential need for a free, ethical, and fearless press.

“Democracy is impossible without an informed public, and journalists are the ones who make that possible, “This attempt is not just about setting a new world record; it’s about celebrating truth, integrity, and the powerful role journalism plays in building and sustaining open societies.

The Guinness World Record attempt will feature a series of activities designed to engage the public, celebrate press freedom, and honor the sacrifices made by journalists around the world.

Members of the public, media professionals, and civic leaders are invited to witness and support the event as it unfolds over three inspiring days at the Tangier Hotel, Ekukinam Street, Utako,.Abuja, Nigeria.

About Livinus Chibuike Victor
Livinus Chibuike Victor is a Nigerian journalist known for his fearless reporting and advocacy for Press Freedom. He has worked tirelessly to promote transparency and accountability in society through his work.

Continue Reading

NEWS

South East NUJ hosts homecoming, awards Chris Isiguzo Lifetime Achievement Honour

Published

on

By

The immediate past National President of the Nigeria Union of Journalists (NUJ), Chief Dr. Chris Isiguzo (MFR), has been celebrated with a Lifetime Achievement Award by journalists from the South East Zone C during a special homecoming held in his honour at the NUJ Enugu Council Press Centre.

Speaking at the event, NUJ Vice President (South East), Comrade Ezenwa Adiuku, said the recognition was in appreciation of Isiguzo’s remarkable leadership and contributions during his tenure as National President. He described him as “a pathfinder, a trailblazer, a mentor, and a leader,” noting that he positioned the South East as a strong voice within the Union.

Chairman of the occasion and SSA to the Enugu State Governor on External Media Relations, Mr. Uche Anichukwu, stressed the importance of quality leadership recruitment in a democracy, urging citizens to reject vote buying and selling. He charged the media to intensify civic education to ensure credible leadership choices.

The current NUJ National President, Comrade Alhassan Yahya, praised the South East leadership for honouring Isiguzo, adding that it was the first time a sitting national president would honour his predecessor. He expressed confidence in the new Enugu Council leadership under Comrade Obinna Ogbuka, urging members to give full support.

In his response, Isiguzo expressed gratitude to the Union, recounting his administration’s achievements such as member registration, creation of the NUJ website, restoration of peace in councils, improved relations with state governments, and enhanced staff welfare.

Delivering a keynote address on “Leadership Recruitment Amid Challenges of Poverty: The Role of the Media”, UNN Vice Chancellor, Prof. Simon Uchenna Ortuanya, represented by Prof. Olaiwola Usman, linked Nigeria’s poverty crisis to poor leadership choices, stressing the media’s role in promoting credible recruitment of leaders.

The high point of the ceremony was the presentation of the NUJ South East Zonal Lifetime Achievement Award portrait to Isiguzo by Comrade Yahya, alongside tributes from NUJ and NAWOJ leaders.

Continue Reading

NEWS

NSITF mourns Afriland Towers fire VICTIMS, calls for stronger workplace safety

Published

on

By

The Nigeria Social Insurance Trust Fund (NSITF) has expressed deep sorrow over the lives lost in the recent fire at Afriland Towers on Broad Street, Lagos.

The Fund said its thoughts are with the families, colleagues, and organisations affected, including the Federal Inland Revenue Service, United Capital Plc, UBA, Afriland Properties, and others.

NSITF’s Managing Director and Chief Executive, Barr. Oluwaseun Faleye, sent heartfelt condolences, saying: “Our hearts go out to those who have lost loved ones. We stand with you in this time of grief.”

He also commended the courage of emergency workers and the swift action of the Lagos State authorities in containing the situation.

To support those affected, NSITF has activated its Lagos support desk to work with employers, families, and government agencies. The desk is helping with incident reports, claims processing, and benefits under the Employees’ Compensation Scheme.

This covers dependants of the deceased as well as rehabilitation support for survivors. “Our case officers are ready to guide families and employers every step of the way,” Faleye assured.

The Fund noted that the tragedy highlights the importance of workplace safety and the need for organisations to take precautions to prevent such disasters.

NSITF urged all employers to: Strengthen workplace safety measures and emergency protocols, especially in high-rise buildings and around backup power systems.

Report incidents quickly to NSITF so support can be provided without delay.

Ensure their organisations are registered with NSITF and that Employees’ Compensation contributions are up to date to guarantee full protection for their workers.

“These measures can save lives, reduce risks, and ensure timely support for those in need,” Faleye stressed.

On behalf of NSITF’s Board, Management, and Staff, he extended the Fund’s deepest sympathies to all those affected, pledging continued collaboration with the Federal Government and Lagos State authorities to protect Nigerian workers.

May the souls of the departed rest in peace.

Continue Reading

Trending

Copyright © 2016-2025 || The Leader Nigeria News.

error

Enjoy this blog? Please spread the word :)