President of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, Comrade Festus Osifo, today attributed the persistent fuel queues across the country to a weak distribution chain within the downstream sector of the oil and gas industry. Speaking on the second day at the 3rd edition of the PENGASSAN Energy and Labour Summit in Abuja, Osifo called for urgent reforms to address the issue.
He said that Nigeria’s distribution chain using trucks on the nation’s bad roads is outdated and insufficient to meet the demands of its large population. Osifo said, there is no country in the world as big as Nigeria, with our population, that relies on a single point of product importation and uses trucks to distribute across the nation.”
The PENGASSAN boss, who is the President of Trade Union Congress, TUC, explained that the method is vulnerable to disruptions, including bad roads and flooding, which can lead to fuel scarcity he emphasized the need for the government to develop and strengthen the country’s value chain to ensure a more efficient and reliable distribution system, warning that without these improvements, the country would continue to face recurring fuel shortages.
Osifo also addressed other critical issues facing the oil and gas industry where he noted that the high cost of production in Nigeria, which is 15 to 20 percent higher than in other parts of the world, is partly due to the burden of security on oil and gas companies.
He called on the government to take over security responsibilities from investors, which would significantly reduce production costs.
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