‘Why fuel scarcity may persist’

[MrVan]

By EMMA ARUBI

WARRI—THE Managing Director of Matrix Energy Limited, Alhaji Abdulkabir Aliu has stated that petroleum product scarcity would continue unless the Federal Government allows market forces to determine product prices.

He also appealed to the Federal Government to remove subsidy as it had no business getting involved in subsidy payment, just as he called on the government to properly investigate the subsidy scam and bring any dealer found culpable to book.

Addressing the House of Representatives Committee on Petroleum Downstream sector led by its Chairman, Dakuku Peterside at the company premises at Ifiekporo, Warri, Delta State,   Aliu alleged that the Federal Government is owing the company N5 bilion, a condition that has rendered it incapable of further importing fuel to ease the situation in the country.

He told the House Committee that Matrix normally loads up to a 100 trucks per day before May 2012 when they stopped importation due to the alleged debt owed the company by the government. He said that currently, only NNPC imports about 95 per cent of petroleum products in the country.

Vanguard Nigeria

[Folami David]

We dont want such wicked things to persist.We all want fuel in abundance