After weeks of bitter suffering that has hindered socio-economic activities in the country, the Minister of State for Petroleum Resources and the Group Managing Director of Nigeria National Petroleum Corporation (NNPC), Ibe Kachikwu, on Tuesday stated that the fuel crisis will end this weekend.
Kachikwu said the scarcity of fuel in Lagos and Abuja will come to an end by April 7, while that of Sokoto, Warri and Port Harcourt will end over the weekend.
The Minister stated this on Tuesday, during an official visit to the Petroleum Products Pricing Regulatory Agency (PPPRA) in Abuja.
He said: “The reality is that in the first three months of the price modulation, our recovery basically enabled us to save quite a lot of money and that is going to fund the gap that we see in April. But for May, obviously, the prices would have to be adjusted to mark the current trends.”
“Our proprietary positions are for two different concerns. As petroleum Minister, my goal is to make sure that the price of crude oil continues to climb, but as NNPC GMD, our goal is to ensure that people buy product at cheaper price. They do not go together somehow. So most time, I try to balance the curve.”
“The whole fuel queues had been a complete nightmare for me. The reality is that I hurt more than every Nigerian who is at the filling stations. I am very emotional about my job and the things I do.”
“We just need to take the right policies. As hard as they are, as difficult as they come, we need to take the right policies to ensure that we do not have a recurrence of this fuel subsidy. It has been with us historically, but I don’t want that to define my legacy in the petroleum sector.”
“Hopefully, by Thursday, the fuel queues in Abuja should be over. Hopefully, the same thing should happen in Lagos and, thereafter, by the weekend, we should see same in Kano, Katsina, Sokoto, Port Harcourt and a few other states.”