The NNPC boss said 2.3 billion litres of petrol was expected into the country soon to augment the existing 1.7 billion litres.
The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians that there will be no hitch in the supply of petroleum products.
Group Managing Director of NNPC, Mele Kyari, gave the assurance while speaking at the Association of Energy Correspondents of Nigeria (NAEC) 2021 Strategic International Conference on Tuesday.
“As we speak now, there is speculation of fuel scarcity within the media but we have over 1.7 billion litres of Premium Motor Spirit in the country.
“We have another 2.3 billion litres coming in so there is no shortage in supply as being speculated.
“Of course there are issues about pricing at some depots but the government has no plan to revise the pricing structure,” Mr Kyari stated.
Mr Kyari said the ongoing United Nations Climate Change Conference (COP26) in Glasgow, Scotland, highlights the challenges faced by Nigeria and other African countries in the global energy transition.
The NNPC boss noted that though Africa accounted for only about three per cent of the global carbon emission, the continent still had the responsibility to join the world in combating climate change.
According to him, Nigeria has identified its abundant gas resource as its fuel for energy transition, which informed the declaration of the Year 2021 to Year 2030 as the Decade of Gas by the government.
“We are making good progress in terms of the implementation of the PIA which is creating the path for transition.
“There is no way we can achieve this feat without adequate infrastructure to transport the resources to where it will be used and that is why we are investing in massive gas infrastructure,” he said.
He said the projects included the Obiafu-Obrikon-Oben (OB3) and the Ajaokuta-Kaduna-Kano pipelines, which would deepen gas utilisation in the country.
(NAN)
