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HomeTop NewsFuel Scarcity: NNPC dissociates itself from plans to sabotage presidential election

Fuel Scarcity: NNPC dissociates itself from plans to sabotage presidential election

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The Nigerian National Petroleum Company (NNPC) Limited on Thursday said the country’s petrol scarcity is not a deliberate attempt to influence the upcoming general elections.

The Group Chief Executive Officer (GCEO) of NNPC Limited, Mele Kyari, who spoke on NTA’s ‘good morning Nigeria’ program, said that the petrol shortage began in 2022, and that arbitrage has a significant impact on the product’s scarcity.

“I do not think anybody sits down to orchestrate that there should be scarcity so that it will impact elections and so on. I don’t think it happens that way if it is so. But it is not true because the reality is that these glitches actually started early in 2022,” he said.

“It has nothing to do with this election period. Once you have a challenge of this nature, it is a cyclical thing. Once you have this challenge, they continue to come up, and then once you have arbitrage issues, you have this glitch.

“Today, our redundancy in terms of petroleum products supply is just three days in this country. Once you have a glitch that extends longer than three days, you need another three weeks to stabilise it. So irrespective of who does what, whatever causes the three-day glitch, it is a nightmare waiting to happen.

“Once we see this glitch, that is why we do everything possible to avoid the glitches from happening. I do not think anyone will sit down and say let us create this so that there will be an impact on the elections and so on.

READ ALSO: CBN directs banks to dispense new naira notes to customers, limits OTC withdrawal to N20,000

“There is no benefit in it. No one would do this and I can tell you very clearly that there is no one issue, being the direct report to Mr. president, there is no one issue that bothers him like this. There is no briefing that I do to the president that he does not mention this,” the NNPC CEO said.

Kyari stated that linking the petrol shortage to the elections was out of context and impossible, noting that the NNPC was doing everything in its power to control the situation.

“Yes, there are numerous flaws. There are numerous logistical issues and nightmares. Greed has entered the picture.

“We have to deal with some cross-border issues. You will have to deal with international market situations “He stated.

The All Progressives Congress (APC) presidential candidate, Bola Tinubu recently stated that the scarcity of gasoline and the redesign of the naira notes were both attempts to sabotage the upcoming elections.

“Hide the petrol, hide the naira, we will still vote! We will win!” Tinubu had said.

On Tuesday, the Independent National Electoral Commission (INEC) said its logistics for the forthcoming elections may be affected by the ongoing scarcity.

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