Former
minister of Petroleum Resources, Prof Tam David-West has denied that he ever
said President Buhari will crash the price of petrol to N40 per litre during
campaigns. David-West said at no time did he ever make such comment stressing
that he was misquoted by the media. He said he only canvassed that some 14
items currently listed in the petrol pricing template be removed as that would
help crash petrol price to N40.
David-West said some of the 14 items included, Petroleum Equalization Fund (PEF) charges, transporters margin, lithering expenses among other charges, currently contained in the pricing template tend to increase the cost of petrol. ‘‘I signed the contract for the refinery in Port Harcourt in 1985. And I can tell you that there is nothing wrong with our refineries. But the issue is just that some people bent on sabotaging the efforts of government are frustrating plans to ensure that the refineries produce at optimal capacity. David-West equally berated proponents of the co-locating of refineries, arguing that such idea was a waste of resources.
‘‘How can you co-locate refineries within the existing refineries that NNPC has tagged as scraps? For you to co-locate refineries that means the refineries still have value and can be efficient,’’ he told Daily Sun. Meanwhile, the lingering fuel scarcity that has lasted over a month seems to be over as the federal government has commenced the release of petrol to Independent Petroleum Marketers Association of Nigeria (IPMAN). According to a press release issued by the organization’s secretary, Lawson Ngoa, IPMAN said the release of petrol to the members was part of efforts to settle the 7,000 pending loading tickets of IPMAN.
Meanwhile Occupy Nigeria Group has announced that the will be a peaceful and peoples organized protest in the city of Port Harcourt next week Thursday April 14. This protest which the group is said is aimed at driving a strong citizenship position against the inability of the Federal government to address the burning perennial fuel scarcity, zero Megawatts and total lack of electricity amidst increased tariff, incessant/fraudulent bank charges on poor Nigerians among other serious economic matters.
David-West said some of the 14 items included, Petroleum Equalization Fund (PEF) charges, transporters margin, lithering expenses among other charges, currently contained in the pricing template tend to increase the cost of petrol. ‘‘I signed the contract for the refinery in Port Harcourt in 1985. And I can tell you that there is nothing wrong with our refineries. But the issue is just that some people bent on sabotaging the efforts of government are frustrating plans to ensure that the refineries produce at optimal capacity. David-West equally berated proponents of the co-locating of refineries, arguing that such idea was a waste of resources.
‘‘How can you co-locate refineries within the existing refineries that NNPC has tagged as scraps? For you to co-locate refineries that means the refineries still have value and can be efficient,’’ he told Daily Sun. Meanwhile, the lingering fuel scarcity that has lasted over a month seems to be over as the federal government has commenced the release of petrol to Independent Petroleum Marketers Association of Nigeria (IPMAN). According to a press release issued by the organization’s secretary, Lawson Ngoa, IPMAN said the release of petrol to the members was part of efforts to settle the 7,000 pending loading tickets of IPMAN.
Meanwhile Occupy Nigeria Group has announced that the will be a peaceful and peoples organized protest in the city of Port Harcourt next week Thursday April 14. This protest which the group is said is aimed at driving a strong citizenship position against the inability of the Federal government to address the burning perennial fuel scarcity, zero Megawatts and total lack of electricity amidst increased tariff, incessant/fraudulent bank charges on poor Nigerians among other serious economic matters.
