December 3, 2024 New York
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Global Affairs Hub 247 > News > News > On issues concerning the hike in the price of Petroleum; Vice President Shettima on the direction from the President has called  for a meeting.

On issues concerning the hike in the price of Petroleum; Vice President Shettima on the direction from the President has called  for a meeting.

The meeting held in the Presidential Villa,Abuja yesterday as the Vice President summoned concerned persons to tackle this challenge.

Attendees of  this meeting  include;the  National Security Adviser (NSA), Mallam Nuhu Ribadu; Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri; Group Chief Executive Officer of  National Petroleum Company Limited(NNPCL) formerly GMD, Mele Kyari; and Executive Director, Distribution Systems, Storage, and Retailing Infrastructure, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ogbugo Kalu Ukoha.

After the meeting, the minister for Petroleum confirmed that there was enough petrol that can meet the demands of the citizenry. Hence their should be no ” panic buying” as the distribution of P.M.S would be available before the end of the week.

In his words,
“The President is aware of what is going on in the country and is aware of the hardship of Nigerians and that was why he called the vice president to call this meeting for us to reflect on what is going on in the country. What is important is that products are available in the country and we believe that between now and the weekend, there would be availability of products across the length and breadth of the country. The price could be high in some areas, much more than other areas, but we believe that by the time,there is availability of the products across the country, the price itself will stabilize. But, what is important is that Government is not fixing prices, this sector is deregulated, and we believe that with the availability of products, the price will find its level”

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