Why there is fuel scarcity –APC

Written by on March 4, 2015

THE All Progressives Congress (APC) has said the real causes of the debilitating fuel scarcity across the country are the “looting” of the $12 billion domestic gas fund under President Goodluck Jonathan’s watch, as well as the administration’s failure to pay fuel subsidy and the cost of interests on bank loans to oil marketers.

The APC said the marketers were, as a result, finding it impossible to begin another round of importation of refined petroleum products.

In a statement issued on Tuesday, by its national publicity secretary, Lai Mohammed, the party said the PDP and the Jonathan administration had decided to divert attention from those problems by accusing the opposition of being responsible for the scarcity – a most laughable and irresponsible statement by a sitting government that is always so eager to blame everyone but itself for the nation’s woes.

It recalled that the Coordinating Minister of the Economy and Finance Minister, Ngozi Okonjo-Iweala had, in February, promised to pay all subsidies owed to the marketers then in the sum of N264billion, along with the accrued interest.

But APC insisted that the failure to meet this obligation had made it impossible for the oil marketers, who are being owed heavily, to finance another round of products importation.

“The truth is that this profligate government has run Nigeria aground, and the oil sector, whether upstream or downstream, has particularly suffered hugely. The quantity of petroleum products that was imported has almost been fully consumed, without fresh products being brought in to augment supplies that have now fallen well below re-order level.

“The implication is that in addition to worsening power supply, crumbling prices of oil at the international market, weakening Naira and unprecedented corruption, Nigerians – who routinely provide their own electricity to power their homes and business, now have to face another round of government-imposed hardship with the ongoing fuel scarcity,” the party said.

Meanwhile, APC Presidential Campaign Organisation (APCPCO) has distanced the party from the current petrol scarcity in the country, describing the Peoples Democratic Party’s (PDP) allegation against it as fallacious.

In a statement signed by Malam Garba Shehu, APCPCO’s director, Media and Publicity, in Abuja, on Tuesday, the organisation said that the Federal Government should take responsibility for the fuel supply situation in parts of the country.

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