As the nation contends with lingering fuel racketeering and scarcity, Nigeria’s Minister of Petroleum Resources, President Muhammadu Buhari, has approved the constitution of a 14-member Steering Committee on Petroleum Products Supply and Distribution management.
The nascent body is saddled with the brief of finding lasting solution to disruptions in Nigeria’s supply and distribution of petroleum products.
The Steering Committee, which will be chaired by Buhari, has the Minister of State for Petroleum Resources, Chief Timipre Sylva, as Alternate Chairman, is expected to find lasting solution to disruptions in the supply and distribution of petroleum products.
Sylva, in a statement by his Senior Adviser (Media and Communications), Mr. Horatius Egua, said that the committee would, among other things, ensure transparent and efficient supply and distribution of petroleum products across the country.
To further ensure sanity in supply and distribution across the value chain, Sylva directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure strict compliance with the government approved ex-depot and retail prices for premium motor spirit (PMS), commonly known as petrol.
The Minister also directed the NMDPRA to ensure that the Nigerian National Petroleum Company Limited (NNPC), which is the supplier of last resort meets the domestic supply obligation of PMS and other petroleum products in the country.
He further directed that the interests of the ordinary Nigerian are protected from price exploitation on other deregulated products such as Automotive Gas Oil (AGO) or diesel, Dual Purpose Kerosene (DPK) or domestic kerosene, and Liquified Petroleum Gas (LPG) or cooking gas.
“The Federal Government will not allow misguided elements to bring untold hardship upon the citizenry and attempt to discredit government’s efforts in consolidating the gains made thus far in the oil and gas sector of the economy,” he said.
Other terms of reference are to ensure national strategic stock management, visibility on the NNPC Limited refineries rehabilitation programme and ensure end-end tracking of petroleum products, especial PMS to ascertain daily national consumption and eliminate smuggling.
The Steering Committee members include the Minister of Finance, Budget and National Planning; the Permanent Secretary, Ministry of Petroleum Resources; the National Economic Adviser to the President; the Director-General, Department of State Services (DSS); the Comptroller-General, Nigeria Customs Service (NCS); the Chairman, Economic and Financial Crimes Commission Member (EFCC); and the Commandant-General, Nigerian Security and Civil Defence Corps (NSCDC).
Other members include the Authority Chief Executive, NMDPRA; the Governor, Central Bank of Nigeria (CBN); the Group Chief Executive Officer, NNPC Limited; the Special Advisor (Special Duties) to the Minister of State, Petroleum Resources; and the Technical Advisor (Midstream) to the Minister of State, Petroleum Resources, who will serve as Secretary.
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