The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has directed Nigerians not to buy petrol above the government-approved price of N145 per litre. He gave this instruction few hours after an NNPC station was closed down in Abuja by the Department of Petroleum Resources (DPR), for selling petrol at N181 per litre.
Baru said that some oil marketers are living off of the public, despite bearing the NNPC logo. On the side, he spoke of the induction of the Founder/Group Managing Director, Arco Group Plc, Alfred Okoigun, as an honorary member of the Nigerian Academy of Engineering (NAE) in Lagos.
He further stated that the NNPC has cleaned up the supply and distribution of petroleum in the country.
“We have brought back sanity in the fuel supply system. We have over 2.1 billion litres of petrol in-tank at the moment and people should be calm and be sure that the right quantity is given to them at the filling station at N145 per litre that the government has approved to be the sale price of PMS.”
He pointed out that Okoigin is a noteworthy entrepreneur whose service to the market is of great value. He also guaranteed indigenous companies of the unalloyed support of the corporation. He said
“What it takes to run the economy is to have entrepreneurs who are ready to bring innovations to the market. The Nigerian market will have a lot to benefit by bringing to the market the various inventions. The fact that they are going to set up manufacturing plants and equipment and produce these inventions to be used locally will have a multiplying effect.”
Okoigun revealed that the fellowship award would help him in lending more support to the engineering profession.
“This is an encouragement for me. It is a challenge that I should do more and it also represents the excellent work that Arco is doing.”
According to the President of NAE, Mrs. Joana Maduka, the academy is doing everything possible to improve investors/inventors’ rapport.