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Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre - Politics - Nairaland

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Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by BeeBeeOoh(m): 5:11am On Dec 26, 2017
•Passengers travelling for Christmas stranded

•NNPC says FG will not raise pump price

•APC, PDP trade tackles over lingering scarcity


By Omololu Ogunmade, Onyebuchi Ezigbo and Chineme Okafor in Abuja

As Nigerians face a bleak Christmas characterised by fuels shortages, soaring transportation and food prices, and their inability to even travel to their country homes to spend the season with their loved ones, President Muhammadu Buhari yesterday broke his silence on the crisis and expressed his regret over the harrowing situation. He also expressed sympathy with Nigerians.

Buhari in a statement that he personally signed and posted on his Twitter handle @MBuhari, said he sympathised with Nigerians on the “needless” queues they have had to contend with in recent times, adding that he had directed regulators in the oil and gas sector to increase their surveillance and end hoarding and price hikes by fuel marketers.

The president, who said he was being briefed regularly on the effort by the Nigerian National Petroleum Corporation (NNPC) to ensure availability of fuel across the country, added that he had been assured by the NNPC that a significant improvement would be witnessed in the next few days.

According to him, the corporation had also disclosed that new shipments of fuel were being distributed nationwide, noting that the relevant agencies would continue to provide updates on the situation, even as he thanked Nigerians for their patience and understanding.

He said: “The fuel scarcity being experienced nationwide is regrettable. I sympathise with all Nigerians on having to endure needless fuel queues. I’m being regularly briefed, especially on NNPC’s interventions to ensure that there is enough petrol available during this period and beyond.

“I have the NNPC’s assurance that the situation will improve significantly over the next few days, as new shipments and supplies are distributed across the country.
“I have also directed the regulators to step up their surveillance and bring an end to hoarding and price inflation by marketers. Let me also assure that the relevant agencies will continue to provide updates on the situation. I thank you all for your patience and understanding.”

Xmas Travellers Stranded

But as the petrol shortages bit harder, passengers travelling for Christmas were stranded at the Mararaba bus park in Nasarawa State, among several others nationwide yesterday.
This was compounded by the few transporters who had fuel but cashed in on the development by increasing fares arbitrarily.

According to the News Agency of Nigeria (NAN), many travellers were forced to cancel their trips and return home due to shortage of vehicles at the parks.
Ernest Obi, a businessman who was supposed to travel to Enugu State from Maraba, near the Federal Capital Territory, Abuja, said he would not be able to embark on the journey.
He said had he spent four hours at the Mararaba park, but was unable to get a vehicle.

“I cannot imagine what people are going through. Our staying in this country is becoming unbearable.
“I came to the park as early as 7 a.m. and this is noon. I have not seen a vehicle to convey me to my village.
“You can see the crowd yourself. Why is it that this scarcity occurs around the Christmas season every year?”

Another intended traveller, Joy Andrew, said the Christmas period was a time and opportunity for most people to travel and meet loved ones and parents.
Ms. Andrew who was seen leaving the park, said she would try again last night.

“I think I will take a night bus after what I have experienced. May be it will be better,” she said.
She added that the situation had also caused a lot of exploitation of travellers by drivers and bus owners.
“This situation is making the drivers to exploit commuters as many of them have increased the price of transport fares.
“I used to pay N2,500 from this park in Mararaba to Benue. But today, the drivers are asking for between N4,500 and N5,000,” she said.

Another intended traveller, Jacinta Uche said: “The situation is so bad. I got here as early as 6 a.m. thinking that I will avoid the rush.

“But to my surprise, I met so many other passengers who said they got here before me. There are few cars at the park and those that are available, have doubled their fares.
“I will not be going back home. This year’s Christmas will be dull for me because I don’t think I will make it to the village,” she said.

Other than the lack of vehicles at the bus parks, the fuel crisis resulted in a traffic gridlock along the Abuja-Keffi expressway as commuters spent hours on the road; the same was replicated from Ore to Benin and several other expressways in the country.

NNPC: No Price Hike

Meanwhile, in the bid to throw more light on the efforts by government to end the fuel crisis, the Group Managing Director of NNPC, Dr. Maikanti Baru said yesterday that the president has ordered inland and border security agencies in Nigeria to improve their surveillance in order to checkmate the diversion of products to neighbouring countries and hoarding by marketers.

Baru who spoke at a briefing in Abuja, said this was the outcome of the meeting he had with Buhari on Saturday, during which they discussed the situation and its attendant pains on Nigerians.

The NNC boss said that he told the president that the situation has remained largely difficult to overcome despite the corporation’s efforts so far because of product diversion and hoarding by marketers.

He said based on this, Buhari issued a directive to the relevant security agencies in the country to checkmate the diversion of petrol, including tightening the movement of petrol tankers across the country’s borders.

He also said that on the back the presidential directives, the corporation was expecting the security agencies to complement its efforts to clear the situation within two days, especially with the 13 vessels containing up to 650 million litres of petrol at the ports that were being discharged for onward distribution across the country.

“It has become absolutely necessary for me to address this gathering and to show our concern and also sympathise with citizens for this uncomfortable situation experienced by citizens, especially in major cities of the country where Nigerians have to queue for hours with their vehicles to travel for Christmas and the New Year.

“What I can assure you is that Mr. President has already responded as part of the discussion we had yesterday. On his Twitter handle, Mr. President has indicated that part of our discussion was to get the regulatory and security agencies to beef up their surveillance and enforcement of distribution of products because part of my briefing to him was that there is still significant hoarding and diversion where trucks that are loaded to supply products to specific stations get diverted elsewhere and are smuggled out of the country.

“The immediate response of Mr. President was for him to direct the boarder agencies as well as the security and regulatory agencies to ensure that all trucks that are loading deliver to the stations they are meant to deliver,” Baru said.
He further stated: “Part of my briefing in the same light is the fact that a lot of stations outside the cities have products and they are selling at a much higher price than N145 per litre.
“If they had been directed to go to their correct locations and they delivered and sold at the control price of N145, then this should have been curtailed.”

He explained that based on the presidential directive, the corporation was confident of seeing out the situation within two days.

“With the drive and the load-out we are doing, if we get full compliance, we don’t see it going beyond the next two days.
“However, you know there is always a time-lag, but we will continue to put all the efforts to see that this does not go beyond the end of this week,” added Baru.

While buttressing his confidence in the corporation’s plan to address the situation, Baru stated: “As I am talking, NNPC has 13 vessels that are discharging products at the various ports.
“The 13 vessels will have about 650 million litres, so there are products. And we are also expecting three more vessels to come in before the end of the week.

“In terms of sufficiency, I can comfortably tell you that we have about 814 million litres of products that will be in the tank farms or distributed before the end of the month.”

On the capacity of the corporation to continue to shoulder the burden of being the sole importer of petrol in the country, considering the present supply gaps, Baru said: “NNPC is the supplier of last resort and will continue to carry that burden and that is why at the shortest possible time we deploy all the arsenal we have to satisfy the nation, but at the same time we want to see active private sector participation.”

He also talked about the cost of importing petrol into the country and the seeming pressure by marketers on the government to hike the price, in accordance with market forces.

Baru explained that as of Friday last week, the landing cost for a litre of petrol was N171.40, but the federal government has no plan of increasing the cost at the pumps.

Based on THISDAY’s calculations, with the addition of the N14.30 per litre distribution margin approved in the last pricing template for petrol by the Petroleum Products Pricing Regulatory Agency (PPPRA), the current market price of petrol in the country should be N185.70, implying that the government is subsidising petrol consumption by as much as N40.70 per litre

In this regard, Baru said: “The landing cost comprising CIF (cost, insurance and freight) of petrol as of last Friday was in the neighborhood of $620 per metric tonne, so with the official exchange rate of N305 to the dollar, the landing cost should be N171.40 per litre.

“The government has consistently indicated that N145 per litre is the price and it has mandated the NNPC to keep the depot price at N133.28 per litre, so as to maintain a cap of N145 per liter.

“So, there is a lot of profit in between after taking the transportation cost of N7 off; there is sufficient margin for marketers in that PPPRA template at the price cap.
“The government is reassuring Nigerians that the price cap of N145 per litre, irrespective of the CIF landing cost is guaranteed, so marketers should play within that margin.

“We have been doing that, and last year, it was the same regime that we were selling to them and they were able to sell at low prices. But obviously, profiteering is setting in and I find it quite obnoxious at this time of the Christmas and New Year celebrations.”

http://www.thisdaylive.com/index.php/2017/12/25/buhari-expresses-regret-over-fuel-crisis-subsidy-hits-n40-70litre/
Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by BeeBeeOoh(m): 5:12am On Dec 26, 2017
APC, PDP Bicker

But even as the government went into overdrive to assuage frustrated Nigerians over the fuel shortages, the two main political parties in the country – the All Progressives Congress (APC) and Peoples Democratic Party (PDP) – traded tackles yesterday over the worsening fuel supply situation.

Whereas the ruling party described the situation as unfortunate and said it was beyond politics, the opposition PDP blamed the APC-led federal government for its “sheer incompetence and gross insensitivity”.

In a statement issued by the APC spokesman, Mallam Bolaji Abdullahi, the ruling party said it acknowledged the difficulties Nigerians were experiencing as a result of the unfortunate fuel scarcity across the country, especially during the Yuletide period.

However, the party condemned what it described as bad politics and the desperation by the PDP to make the government and the ruling party look bad by maliciously fabricating and circulating fictitious statements in the name of government and party officials.

While empathising with Nigerians over the difficulties they were confronted with, APC appealed for patience with the federal government, assuring them that efforts were being made to improve the situation.

“We understand that the federal government is doing everything to improve the situation and bring succour to the people as soon as possible.
“We also understand the unhappiness of Nigerians with this situation, which is happening for the first time in the Christmas period since the APC administration came to power.

“We also wish to note that while we accept the choice of the opposition PDP to make political gains out of the difficulties that Nigerians are experiencing as a result of this fuel scarcity, we however condemn their desperation to make the government and our party look bad by maliciously fabricating and circulating fictitious statements in the name of our government and party officials and then attack us on the basis of those same statements that they fabricated in the first place. This is bad politics.

“Once again we empathise with Nigerians at this difficult time and appeal for patience with the federal government as it makes efforts to improve the situation and find a lasting solution to this problem that has bedevilled every administration in our country, including the PDP administration under whose government, Nigerians would recall, the oil cabal enjoyed unprecedented prosperity,” APC said.

In response, the PDP bemoaned what it described as the “gross insensitivity of the APC-led federal government” in the face of the biting economic hardship Nigerians have been facing, now worsened by the fuel shortages.

The opposition party said it was disheartening that Nigerians cannot celebrate the yuletide season due to the current biting economic hardship, worsened by acute fuel shortages brought on by the “shambolic policies, sheer incompetence and gross insensitivity of the APC-led federal government”.

The PDP spokesman, Kola Ologbondiyan, in a statement described the nation’s economic situation as a national embarrassment that could not be glossed over with deceit, lies and propaganda, and urged Nigerians to overcome this very sordid situation by rallying round in true love as epitomised in the birth and teachings of the Lord Jesus Christ.
It urged Nigerians not to despair but to use the occasion of this year’s Christmas to show love, care and encourage one another, regardless of their religious, ethnic and political inclinations.

“Indeed, this is the worst yuletide ever. There is no way one can sugarcoat the fact that the anguish Nigerians face today is because of the incompetence of the APC government, which has also amply demonstrated that it does not care about the welfare and happiness of the citizens.

“Our country’s economic situation has astronomically gone from bad to worse in the last two years, and painfully, there is no hope in sight under this APC regime.
“As we speak, many families are completely stranded; many more can no longer afford their basic needs.

“Nigerians have become ravaged by economic hardship because the APC-led federal government has abandoned them and refused to channel the abundant resources available in the nation for the good of the people.

“Instead, they are heartlessly diverting such resources for their selfish political purposes while the people suffer.
“These horrendous realities imposed on us by the APC, notwithstanding, we must not become despondent.

“This Christmas season presents us very strong lessons in hope and our collective triumph over adverse situations as exemplified in the birth and teachings of the Lord Jesus Christ.

“Now that it has become manifest, even by their speeches this season that those who promised Nigerians El Dorado do not have the slightest capacity to fulfil the smallest of their promises, we as a people must not also abandon ourselves.
“We must therefore rise above all divisive ethnic, religious and political considerations and make this season merry by helping and encouraging one another in love.

“The ugly situation we all confront with today as a people must therefore serve as the catalyst for a prosperous tomorrow as Nigerians join hands with the PDP to restore our dear nation to the path of good governance and national prosperity come 2019,” it said.

Despite the discomfort occasioned by fuel shortages, PDP urged Nigerians to use this period to pray for the prosperity and unity of our nation and wished them a happy Christmas and prosperous New Year ahead.
Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by fulaniHERDSman(m): 5:16am On Dec 26, 2017
Useless goat of a presidiot

48 Likes 2 Shares

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by sunbilor(m): 5:24am On Dec 26, 2017
Stories upon stories. Excuses here and there. So you are subsidising after roundly condemning it and increasing the pump price? By the way, where are the refineries APC promised? Gone with the wind?

77 Likes 4 Shares

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by princeade86(m): 5:27am On Dec 26, 2017
why are our government always play us all?

9 Likes

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by koolaid87: 5:28am On Dec 26, 2017
Brace up Bubu,

You're going home to rest come 2019

You're the worst thing that ever happened to Nigeria

96 Likes 9 Shares

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by DLondonboiy: 5:29am On Dec 26, 2017
angry
Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by Annie939(f): 5:37am On Dec 26, 2017
old buffoons

3 Likes

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by GoldCircle: 5:43am On Dec 26, 2017
I’m considering writing a book titled ‘how not to run an economy’. I intend to document and chronicle for posterity how Buhari ran aground a once vibrant economy within 2 years and how 13million people lost their jobs.

History must not repeat itself again. Never again!

113 Likes 9 Shares

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by Nobody: 5:51am On Dec 26, 2017
He should show working and not regrets by mouth angry angry angry angry

2 Likes

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by Firefire(m): 5:55am On Dec 26, 2017
Buhary means failure in Hausa language.

Nothing good can ever come out from the administration of a known failure and dullard.


Mohomodu Buhary should resign immediately and save the remaining body odor for his next life.

25 Likes 3 Shares

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by Jirate(m): 5:56am On Dec 26, 2017
sunbilor:
Stories upon stories. Excuses here and there. So you are subsidising after roundly condemning it and increasing the pump price? By the way, where are the refineries APC promised? Gone with the wind?

grin grin I am Surprised you are still Expecting them to Fulfill A Promise, when All Promises had long been Cancelled.

43 Likes 2 Shares

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by Nobody: 6:13am On Dec 26, 2017
No regrets voting for Buhari........

I will always remain with Buhari come rain come shine........

We should always pray for Buhari........

Buhari will make Nigeria great again...... sai baba







Says an idiotic zombie dancing nakked here in Nairaland.

82 Likes 4 Shares

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by 2cato: 6:23am On Dec 26, 2017
At least we are moving back and forth Like and share for clown buhari

3 Likes

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by OmniSparrow: 6:28am On Dec 26, 2017
2019 and we sending this clueless old thing back to join his cows.

15 Likes 2 Shares

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by aybabz101: 6:56am On Dec 26, 2017
First they said subsidy was a scam.....a means the then government iinvented to siphon our money.

Then we voted for them.

They then told us that subsidy exists......and that it gulp a chunk amount from our annual national budget....that the only solution is total removal which will lead to increase in pump price

we agreed with them

Then they came back telling us that fuel subsidy still exist. That is has increased to #20 and now to #40.70

who is deceiving who. Fuel subsidy nw increased when its already 2018 and 2019 is knocking at the door.

#myMUMUdondo
#IamTiredofBuhari

66 Likes 4 Shares

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by EDOPRO: 7:02am On Dec 26, 2017
bunch of clowns, this jokers that criticised Gej for subsidzing fuel are the ones na subsidizing it

12 Likes 2 Shares

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by VampireeM(f): 7:24am On Dec 26, 2017
Lagos to Ibadan is almost 4k now. Buhari doesn't have any atom of leadership skills or a clue on how to manage the economy! In saner climes the legislatives should have started processing his impeachment. Nigeria is doomed and has no remedy. As for PMB ,he should go hide his face in shame! L

44 Likes 4 Shares

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by SalamRushdie: 8:59am On Dec 26, 2017
Give this senile incoherent cattle rearer the the Swedish economy today and he will run it aground in 6 month, poor leadeship doesnt get worse than this , dullness, senility, lying , bigotry, nepotism and an IQ of 20 ( yes the average flea is smarter than Buhari jare) Buhari encompasses all the ingredients to cook up a recipe of total failure ..

33 Likes 1 Share

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by money121(m): 9:00am On Dec 26, 2017
Ok
Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by AnodaIT(m): 9:00am On Dec 26, 2017
Admit your failure, you are the petroleum minister

15 Likes 1 Share

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by teamv: 9:00am On Dec 26, 2017
Na wa oh
Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by Nobody: 9:01am On Dec 26, 2017
VampireeM:
Lagos to Ibadan is almost 4k now. Buhari doesn't have any atom of leadership skills or a clue on how to manage the economy! In saner climes the legislatives should have started processing his impeachment. Nigeria is doomed and has no remedy. As for PMB ,he should go hide his face in shame! L
grin take am easy
Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by Jesusloveyou: 9:01am On Dec 26, 2017
How does it happen?

1 Like

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by OCTAVO: 9:01am On Dec 26, 2017
angry
Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by onadana: 9:01am On Dec 26, 2017
Regret...YOU SHOULD RESIGN.

1 Like

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by gurunlocker: 9:02am On Dec 26, 2017
Same subsidy that was removed? believe Buhari at your own peril.
He is using style to say there might be increase in pump price soon.
Buhari = Hardship

14 Likes

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by Settingz321(m): 9:02am On Dec 26, 2017
Jesusloveyou:
How does it happen?

Pls reduce ur grammar for now, if you continue there will still be hike in the price

6 Likes

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by niggi4life(m): 9:02am On Dec 26, 2017
Ever since the Independence Nigeria's Leaders haven't gotten it right.

Maybe they should call the white men to take over and rule again for another 60years

3 Likes

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by honestivo(m): 9:02am On Dec 26, 2017
Sir your govt is not proactive to issues ,that's why the is happening now

1 Like

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by IMASTEX: 9:02am On Dec 26, 2017
It has always been one story to another. This country is a joke. It is obvious they were never prepared for the so called independence. All they wanted was to be in charge without any purpose. If the white mistakenly put a ship at the shores of Nigeria for another slave trade even for just 24 hours. Trust me, no one will be left in Nigeria except the politicians & religious leaders. I pity those fighting over PDP or APC. If only they can travel out to see the right and better life the animals in overseas have. They won't be supporting these political thieves.

9 Likes 3 Shares

Re: Buhari Expresses Regret Over Fuel Crisis As Subsidy Hits N40.70 Per Litre by sureheaven(m): 9:04am On Dec 26, 2017
What a shame, nigeria has gone home. Everything keep worsening on daily basis. This country is cursed and bewitched with bad leaders. PDP wasted 16 years looting everything lootable and APC is doing their best to do the final burial of the country .

3 Likes

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