The Nigeria National Petroleum Corporation (NNPC) Limited has moved to quell concerns of an impending fuel scarcity in Nigeria by assuring the public that it currently holds a 30-day supply of fuel.
The company also urged Nigerians to refrain from engaging in panic buying, emphasizing that the recent sporadic queues observed in some parts of Lagos and Abuja are due to specific logistical challenges that have already been addressed.
In a statement posted on its official social media handle, NNPC Retail Limited acknowledged the appearance of fuel queues in certain regions, which were primarily attributed to a temporary reduction in depot loadout in Apapa, Lagos, over a short period.
However, the company is keen to stress that there is no need for alarm as the situation is under control.
The statement from NNPC Retail Management stated, “We assure all Nigerians that there is ample supply with sufficiency of at least 30 days. Motorists are advised to desist from panic buying as distribution will normalize over the next couple of days.”
The statement became necessary to prevent unwarranted panic buying and ease the concerns of the public regarding fuel availability.
With the assurance of a 30-day fuel supply and ongoing efforts to address the supply chain challenges, the company said it is committed to maintaining a stable and reliable fuel distribution system across the nation.
