The management of the Nigerian National Petroleum Company Ltd. (NNPC) has attributed the insufficient supply of petroleum products to some filling stations in Lagos to an issue at one of its depots in the state.
The Chief Corporate Communications Officer of NNPC Ltd, Mr Olufemi Soneye disclosed this in a statement on Friday in Lagos.
Soneye said that NNPC Ltd.’s retail arm had resolved the issue and that starting from April 6, normalcy would return to the affected areas.
He urged motorists in Lagos to refrain from panic buying of petrol, emphasizing that efforts were underway to ensure an adequate supply of petroleum products in the region.
A resurgence of fuel queues in parts of Lagos as supply decreases.
Motorists across filling stations in various parts of the state, including Ikorodu Road, Bariga, Anthony, Mayland, Oyingbo, and Ogba encountered long queues of vehicles.
Other areas include Ikeja, Alausa, Oba Akran, Surulere, and Victoria Island.
Nigerian National Petroleum Corporation (NNPC) is a for-profit oil company in Nigeria. Formerly a government-owned corporation, it was transformed from a corporation to a limited liability company in July 2022.
NNPC Limited is the only entity licensed to operate in the country’s petroleum industry. It partners with foreign oil companies to exploit Nigeria’s fossil fuel resources.
NNPC was established on 1 April 1977 as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Petroleum and Energy Resources.
NNPC by law manages the joint venture between the Nigerian federal government and several foreign multinational corporations, which include Royal Dutch Shell, Agip, ExxonMobil, TotalEnergies, Chevron, and Texaco (now merged with Chevron).
Through collaboration with these companies, the Nigerian government conducts petroleum exploration and production.
NNPC Limited is ranked seventh (7th position) on LinkedIn’s 25 best companies to work in Nigeria in 2023.
With additional reports by NAN
