Tag Archives: Sufficient

See What Dangote Is Promising All Nigerians By 2019

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Aliko Dangote, the Chairman of Dangote Group, on Monday said Nigeria would be self-sufficient in rice, sugar and other commodities by 2019.

Dangote said this in Abuja at a meeting with the United Nations Secretary-General, Ban Ki-moon, Nigerian businessmen and some philanthropists. The billionaire businessman, who was speaking against the backdrop of his investment in the economy in the nation, added that Nigeria would soon become the largest exporter of petroleum products and fertiliser.

He said he would not want to be known as the richest man alone, but would also lend his voice and other capacity to better the lots of Nigerians; and commended the steps being taken by the President Muhammadu Buhari’s administration in addressing the challenge of corruption facing the nation.

Read More: dailytimes

NNPC To End Fuel Scarcity, Assures Of Sufficient Petrol Supplies

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The Nigerian National Petroleum Corporation (NNPC) said it had stepped up efforts to end the distribution challenges in the fuel supply system. The Corporation reiterated that it had enough stock of petrol to service the country for 27 days at a national consumption rate of 40 million litres per day.

The agency’s publicity unit said there was sufficient stock of petrol at the coastal depots in Port Harcourt, Warri, and Calabar besides the stock it holds in the national strategic reserves. “We are, however, working towards a speedy resolution of the issues to ensure a hitch-free distribution of products across the country,” NNPC stated.

It explained that the distribution hitch was due to the strike action by the National Association of Road Transport Owners (NARTO) and the Petroleum Tanker Drivers (PTD). These are said to have refused to lift petroleum products from the coastal depots in protest of the huge amounts marketers owed them.

NNPC appealed to NARTO and PTD to call off the strike in the interest of the country and not unleash unnecessary hardship on Nigerians. The distribution challenges have mainly been experienced in Abuja.

Credit: CAJ News