The Nigerian National Petroleum Corporation (NNPC) on Monday said that it would, from March 1, begin to take delivery of 45 million litres of petrol every day for distribution across Nigeria . . .
The NNPC said this in a statement from its spokesman, Mr. Ohi Alegbe, in Abuja. It explained that on a daily basis, one cargo of petrol will be delivered to it, suggesting that the corporation could as well cover the entire petrol need of the country which is about 40 million litres daily.
Nigeria is an oil-rich nation and a member of the oil cartel OPEC – with 4 refineries, some of them not refining at all and one in Port Harcourt producing way below maximum capacity.
Since returning to democratic governance in 1999 after the military handover of power, the West African country has been plagued by incessant petrol scarcity leading to long queues at petrol stations across the country.
The fuel scarcities are as a result of corruption and scammed oil deals in the oil upstream and downstream sectors of the country’s petroleum industry.