Kyari allays fear of fuel scarcity: The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, has allayed fears of any hitches in petroleum products supply following reports of resurgence of queues in some parts of the country.
The GMD also explained why Nigeria is demanding for energy justice at the the ongoing United Nations Climate Change Conference (COP26) in Glasgow, Scotland amidst the global push for energy transition.
Kyari spoke on Tuesday at the Association of Energy Correspondents of Nigeria (NAEC) 2021 Strategic International Conference in Lagos.
The conference had as its theme: ‘Petroleum Industry Act: Energy Transition and the Future of Nigeria’s Oil and Gas.’
Kyari said NNPC’s objective was to provide energy security for Nigeria and ensure availability of petroleum products in the country.
He said: “As we speak now, there is speculation of fuel scarcity within the media but we have over 1.7 billion litres of Premium Motor Spirit in the country.
“We have another 2.3 billion litres coming in so there is no shortage in supply as being speculated. Of course there are issues about pricing at some depots but government has no plan to revise the pricing structure.”
Kyari noted that the COP26 again highlight the challenges faced by Nigeria and other African countries in the global energy transition.
He said President Muhammadu Buhari in his speech before the world leaders had demanded for energy justice for the continent and the need to exploit the available resources as a pathway to attain the net-zero carbon objective by 2050.
The NNPC boss noted that though Africa accounted for only about three per cent of the global carbon emission, the continent still had the responsibility to join the world in combating climate change.
According to him, Nigeria has identified its abundant gas resources as its fuel for energy transition which informed the declaration of the Year 2021 to Year 2030 as the Decade of Gas by the government.