Revealed: The Real Reason For The Intense Fuel Scarcity. [Must Read]

According to the Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Sunny Nkpe, Nigeria is constantly plagued with fuel crises because it’s not using its refineries.

Nkpe disclosed this on Monday, May 25, 2015, during a telephone interview with Pulse.

The IPMAN Chairman stated further that Nigeria’s refineries can produce 50-60% of the fuel the country needs but they’ve been shut down for more than a year.

“We have refineries that can refine 450,000 barrels of crude oil per day, that’s millions of litres of refined product,” he said.





“Why are we not using the refineries? Let them use the refineries,”Nkpe said.

An industry insider, who chose to remain anonymous, told Pulse that the relevant government agencies refuse to use the local refineries to produce the country’s needs because there’s much more money to be fraudulently gotten from importing the product.

“They are knowingly boycotting the refineries,” she said. “They make more money with importation due to corruption and fraud,” she added.

The fuel subsidy regime in Nigeria has come to be viewed as a huge scam, a notion buttressed by the 2014 arrest of 121 suspects, who were believed to have benefited from it, by theEconomic and Financial Crimes Commission (EFCC).

The current scarcity is said to be an artificial creation of the marketers in attempts to force the government to pay the remaining subsidy debt it owes them before a new administration is inaugurated on May 29, 2015.

Meanwhile, the marketers have called of their strike and are expected to begin supplying product nationwide to end the scarcity.

However, until the real problems causing the scarcity are resolved, Nigerians are left asking how long it will be before the next crisis occurs.

CLICK HERE to follow us on Google+ so as to get instant updates on published posts.

CLICK HERE to Subscribe to our BBM Channel (C002D3966 or search for '9ja Ninja') to get live updates on published post.

Follow @9ja_Ninja

Please drop your comments below

1. Mad World: Two Gay Lovers In Relationship For Years And Didn't Know They Were Brothers
2. Toolz Shares New Pictures Of Her Bikini Body
3. Fuel Scarcity Shuts Down Beat FM, Naija FM, Classic FM, MTN's Operations
4. Double Betrayal - Mum Gets Engaged To Daughter's Boyfriend (Photos)
5. I Would Rather Die Than Be Extradited To The US - Kashamu
6. Fuel Scarcity: White Man With Jerrycan Joins In The Quest For Fuel
7. See How Waje Went To Church...
8. Go Get A Shaving Stick! Fans Blast Korede Bello On Instagram
9. Graphic Photos: Woman Burnt Alive In Kebbi State For Practicing Witch Craft
10. Photos: Man Nearly Kidnapped by Ritualists
11. 'I Don’t Know What Fuel Subsidy Means' - Buhari
12. Ifeanyi Ubah’s Capital Oil to release 13 million litres Fuel
13. Odd World: Woman Gives Birth To Alien-Like Creature (Very Graphic Photos)
14. Odd World: Baby Miraculously Born With White Bracelet Beads
15. PHOTO: Beyonce Dazzles In Ankara Outfit
16. Man Stabs Mum, Dad and 6 year old Sister To Death
17. Drug Kingpin, Sen. Buruji Kashamu Threatening Suicide If NDLEA Officers Break Into His House
18. See The Current State Of Streets In Calabar
19. Ice Prince, UNILAG And The Unprotected Sex Palaver
20. Photo: ISIS Executes Man With Bazooka In New Video