Fuel Crisis: Senate Summons Kachikwu, Baru

Oil & Gas
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Thursday, December 28,2017  6.00PM / Proshare WebTV

In a bid to end the ongoing fuel crisis and the untold hardship it is presently unleashing on Nigerians, President of the Senate, Dr. Abubakar Bukola Saraki, on Thursday, directed the Senate Committee on Petroleum Resources (Downstream) to cut short its recess and immediately convene a meeting with industry stakeholders. 

Chairman of the Senate Committee on Petroleum Resources (Downstream), Senator Kabiru Marafa, who disclosed this in Abuja, said following the directive, the Committee has summoned the Minister of State for Petroleum, Dr. Ibe Kachikwu, Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Maikanti Baru and other relevant stakeholders in the petroleum sector to a crucial meeting on Thursday January 4, 2018.

He further added that the meeting which will be held in the Senate Hearing Room 221 and its proceedings aired live on the Nigerian Television Authority (NTA), is meant to address the lingering fuel scarcity bedevilling the nation in the last few weeks with a view to put a complete stop to the unsavoury development.

The Senate, which is presently on Christmas and New Year break is billed to resume Committee work for budget defence on January 9, and commence plenary on January 16. 

This development comes as a result of the challenge the fuel crisis has created in the country, ranging from long fuel queues, increase in transportation costs across the country and even foodstuff prices.

Vice-President Prof Yemi Osinbajo, SAN on Christmas day in the company of the Minister of State for Petroleum Dr Emmanuel Ibe Kachikwu visited major fuel depots in Lagos, and later met with major oil marketers to explore ways the issues could be resolved.

The State Oil Company, the Nigerian National Petroleum Corporation (NNPC) and the Depot and Petroleum Products Marketers Association (DAPPMA) , traded blames over who was responsible for the crisis.

The Senate with its mandate of carrying out oversight functions, is intervening to find a lasting solution to the fuel crisis.

Proshare Nigeria Pvt. Ltd.

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