The Minister of State for Petroleum Resources, Ibe Kachikwu has on Sunday assured Nigerians that there is sufficient Premium Motor Spirit (PMS), also known as fuel, in the country.
Kachikwu gave the assurance to dispel the rumour suggesting that the country might still experience fuel scarcity.
Kachikwu in an Interview with the News Agency of Nigeria (NAN) in Lagos, assured that the country had gone past the era of fuel scarcity went further to urge motorists to desist from panic buying.
“I can say that there shouldn’t be any reason for fuel scarcity, we have gone past the era of fuel scarcity.
“ NNPC informed me when I made inquiries that they imported enough.
“Yesterday, I saw a few pockets of scarcity in Abuja, but I was told that it was Petroleum Equalisation Fund (PEF) related distribution issues, and it will be sorted out as soon as possible.
“So, it is not an issue of lack of sufficiency, I am told they have about 28 days sufficiency two weeks ago, they presently have between 14 and 15 days product sufficiency,’’ he said.
“ I don’t expect to see a scarcity, I just expect them to work hard over the next few days to deal with whatever logistic issue they have. I will be working with NNPC on that.’
“ I haven’t visited Lagos cities, but the information I have is that there is enough product on ground and we should be able to deal with whatever it is.
“The problem with fuel scarcity is that if you allow it to last for three days, then it builds up a life of its own.
“That is what I have enforced NNPC to do to make sure that it is resolved,’’ he said.