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From: Walter Ukaegbu, Abuja
Abuja Chamber of Commerce and Industry (ACCI) has made it clear to the government that the issue of unavailability of petroleum products and its importation portrays our country in bad light. It shows us up as an incompetent manager of our resources.
“NNPC from the comments of it’s officials may have given up. We may seriously need to divest our refineries. Businesses and our economy are being battered from all sides. Forex, energy supply, infrastructure, security concerns. The list is endless.” He said
Businesses especially MSME’s have lost over N30B through inadequate supply of petroleum products. Labour productivity is low as employees have stayed off work since the hike of fares by providers and when they come, they are always late. NNPC banned the use of containers to buy petrol without considering that most households and small businesses run on petrol generating sets. This has forced them to close shops. Buying with kegs is not the cause of scarcity but inadequate supply of products.
According to Tony Ejinkeonye, NNPC over the years has not proffered any meaningful solution. They are fond of treating symptoms instead of addressing the issue, he concluded.
