Do Not Panic Buy Petroleum Products During The Lockdown Period – NNPC

The Nigerian National Petroleum Corporation (NNPC) has come out to say that it has activated measures to guarantee smooth distribution of petrol across Nigeria throughout the lockdown period amid the coronavirus outbreak.

In a recent statement in Abuja, Managing Director of the Petroleum Products Marketing Company (PPMC), the NNPC’s downstream subsidiary, Mr Musa Lawan revealed that the PPMC workforce had been mobilized to offer loading services throughout the envisaged lockdown.

According to him, the assurance is key to make sure the Presidential directive on the lockdown of some states is adhered to without concerns on if petrol will be available.

He added that motorists and other consumers of petroleum products are warned against panic buying since enough product will be in circulation.

His words, “If you recall, two days ago, the Group Managing Director of NNPC, Mallam Mele Kyari, stated that we have 60 days sufficiency of Premium Motor Spirit. That is very correct. We have about 2.68 billion litres of petrol in-country and in marine storage. At the prevailing daily consumption rate of 45 million litres, that translates to roughly 60 days.”

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The Nigerian National Petroleum Corporation (NNPC) is the oil corporation through which the federal government of Nigeria regulates and participates in the country’s petroleum industry. The NNPC business operations are managed through Strategic Business and Corporate Services Units (SBUs/CSUs) in diverse locations across Nigeria. In that case; The Nigerian National Petroleum Corporation (NNPC) initiated a recruitment scheme and since then, until date the NNPC recruitment have been a yearly scheme.

NNPC was established on 1 April 1977 as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Mines and Steel. NNPC by law manages the joint venture between the Nigerian federal government and a number of foreign multinational corporations, which include Royal Dutch Shell, Agip, ExxonMobil, Total S.A, Chevron, and Texaco (now merged with Chevron). Through collaboration with these companies, the Nigerian government conducts petroleum exploration and production. In 2007, the head of the Nigerian wing of Transparency International said salaries for NNPC workers were too low to prevent graft.

President Buhari appointed Mele Kyari as the New Group Managing Director Of NNPC. Kyari replaces Maikanti Baru. The new GMD and the other appointed NNPC officials would work alongside the current officers in the same position until the 7th of July 2019.

Dr. Maikanti Baru is the former Group Managing Director (GMD). He was appointed Group Managing Director on July 4, 2016, under the presidency of Muhammadu Buhari; he succeeded Dr. Emmanuel Ibe Kachikwu, the current Nigerian Minister of State, Petroleum.