President Muhammadu Buhari and the House of Representatives blow hot over the importation of adulterated petrol in the country, stating that those behind the dastardly act will be dealt with severely. It could be recalled that President Muhammadu Buhari had earlier expressed great anger over the adulterated fuel in circulation across the country. The President
President Muhammadu Buhari and the House of Representatives blow hot over the importation of adulterated petrol in the country, stating that those behind the dastardly act will be dealt with severely.
It could be recalled that President Muhammadu Buhari had earlier expressed great anger over the adulterated fuel in circulation across the country. The President has stated those responsible for the importation of the contaminated product would be held accountable.
President Muhammadu Buhari condemns bad fuel.
In a statement yesterday, Mallam Garba Shehu, the Senior Special Assistant to President Muhammadu Buhari on Media and Publicity, stated that President Muhammadu Buhari instructed producers and providers of the bad product should be held accountable for the sub-standard services.
According to him, “the President also gave directives to relevant government agencies to take every step in line with the laws of the country. This is geared to ensure the respect and protection of consumers against market abuses and social injustices.”
The statement read: “In a reaction to the issue of petroleum product shortages linked to the inadvertent supply of products of foreign origin into the Nigerian market, President Buhari said the protection of consumer interests is a priority of the present administration and is ready to take all necessary measures to protect consumers from hazardous products, loss or injuries from the consumption of substandard goods.
The President directed that in line with the law, service providers must make full disclosure of relevant information with respect to consumption of their products, and those dissatisfied consumers are entitled to a proper redress of their complaints.”
It must be noted however that the NNPC is working hard to see they get the correct product so that marketers will continue loading.
“Nigeria is the largest oil and gas producer in Africa. Crude oil from the Niger delta basin comes in two types: light, and comparatively heavy – the lighter around 36 gravity and the heavier, 20–25 gravity. Both types are paraffinic and low in sulfur. Nigeria’s economy and budget have been largely supported by income and revenues generated from the petroleum industry since 1960.
Statistics as of February 2021 show that Nigeria’s oil sector contributes to about 9% of the entire country’s GDP. Nigeria as the largest oil and gas producer in Africa is a major exporter of Crude oil and petroleum products to the United States of America. In 2010, Nigeria exported over one million barrels per day to the United States of America representing 9% of the U.S total crude oil and petroleum products imports and over 40% of Nigeria exports.
The need for holistic reforms in the Petroleum Industry, ease of doing business, and encouragement of local content in the industry birthed the Petroleum Industry Bill by the Goodluck Jonathan administration on July 18th, 2008″. This section is culled from WIKIPEDIA.