“No cause for worries” – NNPC on oil marketers’ strike threat
Nigeria National Petroleum Corporation, NNPC has dismissed the possibility of any impending fuel scarcity following the threat of oil marketers to cut supply if the subsidy debt owed to them was not settled by the government in seven days.
The oil marketers had reached their wits end in trying to amicably secure the outstanding subsidy debt from the Federal Government and had consequently issued a seven-day ultimatum on Sunday to expedite the payment.
They had recently decried the negative effects of the debt on their operations, but when they got no resolution after many efforts, they decided to take extreme measures.
NNPC on the other hand has called the threat a bluff, boasting that the country has enough fuel to last a long time.
“No cause for worries. We have a robust fuel stock and high sufficiency level. Consumers should not panic,” Group Public Affairs Division Manager of NNPC, Ndu Ughamadu said.
He further disclosed that NNPC has been engaging the oil dealers and working with the Ministry of Finance and the Debt Management Office to reach a timely resolution for all parties involved.
