Following the long queues that has greeted most filling stations in several parts of the nation, and the continual reassurances from the GMD of NNPC that the nation has enough supply of petroleum products to go round the federation, most Nigerians still continue to bicker about the chronic state of the nations petroleum sector amid recent crisis of fuel shortages and hike in price.
Consequently, the Nigeria National petroleum commission NNPC has revealed that only this year, a total of about half a billion liter of petroleum products have been stolen from the oil pipeline that link north -east from Lagos through the unholy activities of vandals and oil thieves.
This amounts to over $250m (£165m) in worth as oil thieves continues to wreck the nation of wanton amounts of crude which obviously has been manifested in the trays of long queues and fuel shortages experienced in the country.
Image copyrightAPImage captioPresident Buhari has remained in personal control of the oil ministry to fight corruptionNo doubt, Nigeria remains the largest producer and exporter of Crude in Africa and among one of the biggest globally, but then, with this kind of occurrences and dastardly act and lack of refining mechanism, it means the hunter will continue to rely on imports of its own commodities and fuel shortages will sometimes becomes inevitable. Meanwhile, a subsidiary of the NNPC told a senate committee that as a result of incessant hacking of the system 2B pipeline by vandals, it has made the continual flow of the product to various retail outlets very cumbersome while blaming black marketers for "sharp practices" which include hoarding and unnecessary hike.
According to a report in BBC NEWS,Esther Nnamdi Ogbue, managing director of the Pipelines and Product Marketing Company, a subsidiary, was quoted thus "We have been pushing 35 million liters every day to the market and there's no reason why there shouldn't be fuel,". The GMD of the NNPC Dr. Ibe kachukwu sometime in August has opined that government continual funding of the oil subsidy is a loss to the Nation's economy who continues to bear the burnt as global crude prices continues to fall as critics also claim the gesture is no longer to the benefits of the Nigerian masses as it is now rife with corruption.
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