Abuja - The Senate has mandated its Committee on Petroleum Downstream to investigate the current scarcity of petroleum products.
The development follows a motion move by Senator Barau Jibrin seconded by Muhammad Adamu Aliero.
Jibrin noted that the scarcity of petroleum products in major cities and towns around the country in recent weeks and the hardships this was inflicting on the citizens.
“The scarcity is creating untold hardship to our citizens who have to pay higher prices for these products especially the patrol. The current situation is not in tune with the desire of the current progressively inclined government to bring succor to Nigerians in all spheres of their live,” Jibrin said.
In his contribution, Bareehu Olugbenga Ashafa, called for the speedy approval of the supplementary budget debated on Tuesday and urged authorities to clamp down on petroleum marketers that were causing artificial shortages.
Also read: Fuel scarcity bites harder nationwide
“If we use some of them as example, the hoarding of the products will be reduced,” Ashafa said.
The Senate President, Bukola Saraki, thanks the lawmakers for their contribution.
He urged the Senate Committee on Petroleum Downstream to find a lasting solution to the problem.
Nigeria, the continent’s leading producer of crude oil, has been hit by a fresh round of fuel shortages.
This has been attributed to country's main fuel marketers being denied credit facilities by banks.
These have subsequently delayed in placing orders for clean cargoes of gasoline under the government's fourth-quarter import programme.
Recently, the Nigerian government approved the immediate payment of the N413 billion to marketers, but these are yet to be cleared.
- CAJ News