News
We Are In Talks With Niger Republic to Establishing Filling Stations In the Country – NNPC GMD, Kyari
The Nigerian National Petroleum Corporation is making plans to build filling stations in Niger Republic.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari has stated that the corporation is planning to setup filling station in the Republic of Niger..
The GMD disclosed this on Wednesday at the interactive session on the Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP).
It would be recalled that the Controller General of Customs, Hammed Ali had informed the committee that he suggested the idea of setting up retail outlets in neighbouring countries to end smuggling.
At the hearing, the Chairman of the Committee, James Faleke had referred to the statement made by the CGC.
“The Comptroller-General (CG) of Customs was here and he said that at different fora he had suggested that possibly to curb smuggling, NNPC should liaise with, and establish filling stations across our border countries, and possibly sell at a higher margin to cover the cost.
Kyari responded that “As a matter of fact, we have thought of this, we are already engaging the national oil company of Niger, in particular, to establish NNPC retail fuel stations in the country but we are also cautious of the very fact that it can be bad business because you are going to compete with the people who are going to come—but will be good business to do. Otherwise, we do not think that establishing fuel stations is the solution to containing smuggling.”
“I have also seen the recommendation by the elder brother, the CG of customs that we should go and establish fuel stations across our borders to contain smuggling.
“The people who are smuggling are not looking for the official price for petroleum product, unfortunately. So when you go ahead across the countries and establish fuel stations, except you are going to sell it at 162, then everybody will come to you. So as long as you are going to sell it at the market — It is the same reason that is bringing them here to smuggle.”
“The quality of a woman isn’t measured by the hair on her head but by her brain” – Yul Edochie cautions ladies against killing themselves over expensive hair this Christmas
President Tinubu cancels Lagos engagements in honor of food stampede victims
Moment stage collapses on Odumodublvck during concert performance (Video)
Goods worth millions of naira destroyed as fire guts spare parts market in Ibadan
Farmer k!lled, three siblings and one other severely injured as bomb explosions rock Niger state community
Video trends as Nigerian lady transforms face into Jesus Christ with makeup (Watch)
Lady swaps old woman’s ATM card while pretending to help, steals N2M
“The money wey dem pay me don expire” – Moment Burna Boy stops his performance at the Oando PLC end of the year party (Video)
-
Celebrity Gossip & Gist2 days ago“The money wey dem pay me don expire” – Moment Burna Boy stops his performance at the Oando PLC end of the year party (Video)
-
Economy2 days agoGoods worth millions of naira destroyed as fire guts spare parts market in Ibadan
-
Celebrity Gossip & Gist18 hours agoMoment stage collapses on Odumodublvck during concert performance (Video)
-
Economy17 hours agoPresident Tinubu cancels Lagos engagements in honor of food stampede victims