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FG deploys strategic reserve to mitigate fuel scarcity

08 November 2012, 09:04

Abuja - The Federal Government has approved the release of fuel from the nation’s strategic reserves to mitigate the scarcity of the product nationwide, an official said. 

The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, said this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Okirika, Rivers.

Alison-Madueke spoke with NAN on the sideline of the inauguration of an NNPC Jetty in Okirika Local Government area of Rivers. 

“We have put all our weight and our strategic reserves out to ensure that we keep it (scarcity) as minimal as possible. 

“I do believe that the issue of fuel scarcity and subsidy payment is also being handled aggressively by the Ministry of Finance. 

“On our side, we will ensure that our strategic reserves are put to very good use and that we keep it (fuel scarcity) as low as possible.” 

Alison-Madueke said that the turnaround maintenance and rehabilitation of the nation’s refineries were presently ongoing, adding that the completion of the exercise would guarantee accessibility of products by consumers.



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