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Fuel: FG stocks 1.7bn litres for year-end use

Nigeria has a total of 1.7 billion litres of petroleum products in stockwith a view to sustaining optimal supply of fuel during the ember months, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr Mele Kolo Kyari, has said. He urged Nigerians not to panic, as the government has made provisions for another 2.4 billion litres of fuel.

 

The country, in the last three years, has been supplying fuel regularly to its citizens, a development, which has marked a new direction in the history of fuel processing and management in Nigeria. Speaking yesterday in Lagos, at the 2021 edition of the National Association of Energy Correspondents (NAEC) Conference, Kyari said the country was poised to achieve fuel sufficiency domestically and further meet its energy transition programmes.

 

The Conference was themed: “PIA: Energy Transition and the Future of Nigeria’s Oil and Gas.” He said: “There is enough fuel in the country for the country to meet mobile needs, as our aspirations are to achieve much progress in the energy landscape of Nigeria.”

 

According to him, the country also has enough gas to meet its challenges, adding efforts were being made to ensure that the nation’s energy sector does not lack means of production.

 

Still on gas resources, Kyari said the focus of the Federal Government was on infrastructure, in order to guarantee seamlessly transfer of the products to areas such as power and other areas that are key to the success of the energy sector.

 

“The biggest opportunity, which the country has today, is in the area of optimising the use of of its abunant gas reserves Nigeria is less than 30 per cent electrified, a development, which shows that some areas are yet to have access to electricity,” he added.

 

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