Access to Forex Will Solve Oil Scarcity – Oil Marketers

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has announced that NNPC/CBN assistance in sourcing foreign exchange for oil marketers would solve the lingering fuel scarcity.

The South-West Chairman of the union, Alhaji Tokunbo Korodo, said that NNPC as sole importer of petrol could not distribute the product nationwide. He added that most oil marketers cannot import petrol into the country because they could not access foreign exchange.

“The only solution to the present scarcity of fuel is for the CBN to assist the oil marketers in accessing forex to commence importation of petrol.

“NNPC, which at present, is the sole importer cannot distribute nationwide but private depots through their depots can do it better.

“Getting the Forex for oil marketers will go a long way to maintain steady supply,’’ he said.
Korodo said that the nation would need regular supply of petrol to filling stations to eliminate the present fuel scarcity.

He urged the NNPC to urgently source for foreign exchange for the oil marketers so that they could commerce steady importation of petrol.

#BizWatchNigeria

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