President Muhammadu Buhari has approved the setting up of a 14-man committee to end the scarcity of Premium Motor Spirit (PMS), otherwise called petrol in the country.
The committee will be chaired by the President as the Minister of Petroleum Resources while the Minister of State for Petroleum Resources, Mr Timipre Sylva, will be the alternate chairman.
The committee’s job is to address the challenges in the downstream sector of the petroleum industry, causing petrol scarcity in Nigeria.
It will also track petroleum products, especially petrol to ascertain daily national consumption and eliminate smuggling.
In October 2022, Sylva said Nigeria was losing at least 700,000 barrels of crude oil to thieves daily.
The minister said this through the Permanent Secretary in the petroleum resources ministry, Ambassador Gabriel Aduda, who represented him at the 2002 graduation of students of the Petroleum Training Institute (PTI).
According to the Sun, a statement issued by Sylva issued on Tuesday said the government won’t “allow misguided elements to bring untold hardship upon the citizenry and attempt to discredit government’s efforts in consolidating the gains made thus far in the oil and gas sector of the economy”.
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