President Buhari Reveals Why They Decided Against Removing Fuel Subsidy

See What President Buhari Said About Fuel Scarcity, Electricity Shortages In Nigeria

by Victor Ndubuisi
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President Muhammadu Buhari has broken his silence and apologized to Nigerians for the recent fuel shortages and power outages that have afflicted the country.

The situation is lamentable, according to the President, but the administration is working diligently to restore normalcy, he said in a statement on Wednesday.

Buhari apologized for the hardship the situation has had on both persons and companies in a statement sent by his spokeswoman, Mallam Garba Shehu, on Wednesday.

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He stated that the lines are likely to dissipate in the next days around the country, as the administration is working with appropriate parties to resolve all concerns.

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“The administration recognizes that the gasoline crisis has put a hardship on Nigerian residents and companies,” the President said, “but help is on the way.” This is something for which I really apologize to everyone in society.

“The administration is working 24 hours a day, seven days a week to address this problem. To address the issue, a strategy agreed upon earlier this month is being executed. This initiative is already bearing fruit, thanks to collaboration with the Major Oil Marketers Association of Nigeria (MOMAN) and the Independent Petroleum Marketers Association of Nigeria (IPMAN). In a few states, adequate gasoline supplies have returned, and lineups at gas stations have decreased. We expect this to be the situation across the remainder of the country in the following days.

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“Funds are being directed toward maintaining gasoline availability inexpensive for the country in the long run.” The price of energy on the worldwide market has risen dramatically in recent months; nevertheless, the government will ensure that customers are safeguarded from these price increases.”

The President went on to say that he has directed relevant agencies, including the Ministry of Petroleum Resources, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Nigerian National Petroleum Corporation (NNPC), and security agencies, to crack down on those who are causing artificial fuel scarcity.

On the subject of power outages, The biggest difficulty, according to President Buhari, is poor gas power output as a result of gas pipeline sabotage, which has resulted in power plant shutdowns, as well as ongoing normal maintenance on other gas power plants.

“The outages witnessed in the national grid are also being handled,” he added. Seasonal constraints have caused a drop in hydroelectric power, which has coincided with technical and supply issues at thermal units. In this regard, the government is working nonstop to rectify difficulties at the latter in order to ensure adequate electricity flows into the national grid.

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“To recover over 1000MW, actions were agreed upon between the players in the Nigerian Electricity Supply Industry (NESI) and also NNPC. The actions targeted the National Integrated Power Project (NIPP) plants, (Niger Delta Power Holding Company (NDPHC) and power plants run under NNPC Joint Ventures, Agip and Shell (NAOC and SPDC) and progress on the key actions have already ensured the restoration to the grid of 375MW after the pipeline from “Okpai 1” was repaired.

“To also ramp up the underutilized capacity of the NDPHC capacity, a USD 50 Million Gas Supply agreement is being finalized to secure the sustainability of up to 800MW of underutilized NIPP assets,” he added.

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President Buhari appealed for patience from the citizens, assuring that the government is giving attention to all the problems.

 

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