The poor quality of the nation’s road system is to blame for the delays in the delivery of petroleum products, according to Benneth Korie, the president of the Natural Oil and Gas Suppliers Association of Nigeria.
Korie emphasized the significant impact road conditions have on the oil and gas industry during a press event in Abuja on Wednesday, August 28.
He said:
He urged the government to make sure that money allotted for initiatives related to road infrastructure was used efficiently.
The head of NOGASA also spoke about the necessity of reviewing the price of diesel because it affects the price of petrol.
He emphasised that enhancing the petroleum supply chain requires a comprehensive strategy that includes improved road infrastructure. He urged the Federal Government to give road repairs first priority and make sure contractors are held responsible for completing their work on schedule and to high standards.
Korie also complimented the efforts of private sector participants, like Aliko Dangote, whose recently constructed refinery is anticipated to support the sector. In order to guarantee equitable distribution across the nation, he advocated that products from the refinery be made available to a broad variety of stakeholders.
He urged a wider range of stakeholders, such as Nigerian National Petroleum Company Trading, NNPC Retail, Depot and Petroleum Products Marketers Association of Nigeria, Major Energies Marketers Association of Nigeria, and Independent Petroleum Marketers Association of Nigeria, to have access to Dangote’s refined products in order to guarantee a balanced distribution.
In addition, he discussed other urgent concerns, such as multiple taxation, smuggling, and the need for increased border security to stop illicit petroleum shipments.
He reiterated NOGASA’s dedication to collaborating with the government and other relevant parties in order to guarantee a secure and thriving oil and gas industry.
TimesNow.com.ng reported that the Asset Management Corporation of Nigeria has stated that the Ibadan Electricity Distribution Company can only become more efficient if it is sold to viable investors.
Gbenga Alade, the managing director and chief executive officer of AMCON, made this announcement on Monday, August 26, at an interactive meeting with media executives in Lagos.
Speaking to reporters, Alade stated that he evaluated the issues before AMCON shortly after taking office and identified the power industry as one that needs intervention.
Proofreading by Nkem Ikeke, journalist and copy editor at TimesNow.com.ng.
Source: TimesNow.com.ng
