
Ifeanyi Ubah's Capital Oil and Gas released a
statement this evening saying it is releasing 13
million litres this night, which is about 400 trucks
of petroleum products to ease the fuel scarcity that
Nigeria is currently facing.
They said they will
release an additional 53 million litres in a few days.
Read the statement below... On Saturday 16th May 2015, we received an
SMS ordering the suspension of loading
activities in all depots from Monday 18th
May 2015.
We later realized that this
directive was as a result of unpaid funds
owed to transporters by oil marketers who in turn are owed by the Federal
Government.
This development has resulted in immense
hardship to our fellow country men and women.
We believe that a better solution can be pursued
towards solving this problem in a way that does
not adversely affect our dear citizens.
Capital Oil
and Gas has watched with so much pain, the suffering and hardship our citizens have been
subjected to as a result of scarcity of petrol, diesel,
aviation fuel and house hold kerosene.
We are deeply pained to hear that hospitals cannot
perform surgeries, laboratories are unable to carry
out much needed tests especially for emergency
patients leaving such patients at risk of dying,
radio stations are shutting down, communication
is being affected as MTN and other telecommunications company have announced an
impending shut down while homes, offices and
key facilities nationwide are experiencing
blackouts.
In some parts of the country, petrol is
already selling at an all-time high of N1,000 per
litre.
Our citizens have left their homes and are now
sleeping in fuel stations,facing the risk of robbery
attacks and other attendant risk.
In a few days’
time, a new government headed by General
Muhamadu Buhari will be sworn in.
Apart from our
citizens being unable to watch the handover on television and unavailability of transportation for
attendees of this historic handover, the resulting
chaos from this scarcity may shutdown the Nation
and sabotage the efforts Nigeria has made to attain
greater heights.
We are constrained at this point and have decided
that two wrongs cannot make a right.
We will not
be part of this sabotage against our fatherland.
Therefore from this minute, we shall take the risk
of opening our facilities and commence swift
loading and distribution of products Nationwide.
Our facility has the capacity to load over 13 million
litres of product before dawn.
This comes to approximately 400 trucks of
petroleum products.
With this act, it is our belief
that once again our citizens will begin to smile,
return to normal family and work life.
We call on
other petroleum marketers to follow suit and save
our Nation from this impending economic and social crisis.
This is a period that requires patriotism
and service to fatherland.
Let’s join hands to help
our fellow citizens and save Nigeria.
We also call on
striking bodies to call off the strike action.
Let us
work together for the betterment of our people.
As
we brief you this moment, our truck park, port reception facilities and our depot complex have
been ordered opened.
We are ordering and resuming discharge of
products from vessels at our berths.
We have
ordered our trucks to commence loading of
products and move overnight to every state of the
Federation.
Most importantly, we wish to use this
medium to thank NNPC and PPMC for their steadfastness in ensuring the availability of
petroleum products.
Current PPMC stock level in
our storage tanks and buffer stock on vessels
awaiting discharge at our jetty is capable of
meeting the Nation’s need for 15 days.
Furthermore, we wish to emphasis that we have a total solution to the traffic menace on the oshodi
apapaexpressway.
In the coming weeks, we hope to engage the
Federal Government (Federal Ministry of
Transport), Lagos State Government and other
stakeholders in the affected area, to optimally
utilize our truck park facilities which has the
capacity to accommodate over 1,100 trucks per time and 5,000 on a shift basis.
Capital Oil and Gas
continues to appeal to Nigerians to accept and
support deregulation as this will curb corruption,
enhance competition, lead to reduction of pump
price for petroleum products and ensure constant
supply to meet Nigeria’s demand.
Long live the Federal Republic of Nigeria.
Dr. Patrick Ifeanyi Ubah
Managing Director/CEO Capital Oil and Gas
Industries Limited Lagos,
Sunday 24th May 2015.