The Jonathan presidency has positively transformed the Nigerian oil sector through series of innovative initiatives and policies in the oil and gas sub- sectors, Managing Director of Petroleum Products Marketing Company (PPMC), Haruna Mommoh has disclosed.
Speaking on development in the oil sector, Mommoh said the President through the Minister of Petroleum Resources has reformed the energy sector in term of new infrastructures, policies and programmes such as the local content initiative, new gas field development, the pending Petroleum Industry bill among others.
“When we came on board, more than two third of the petroleum depots were out of operation. As I am talking today, we have put more than two third of the depots back into operation. We rehabilitated them and make them functional. This has enhanced the capacity of the administration to make petroleum products available nationwide.
“I am happy to tell you that we are providing petroleum products to Nigerians regularly and without interruption. We have not had fuel supply crisis because of the upgrade of depot infrastructures and unbending determination of the administration to avoid any hardship fuel scarcity may put on Nigerians”, Mommoh said.
He said regular availability of petroleum product is a major achievement of the administration, explaining that few cases of scarcity was always due to labour action. According to him, “a day of scarcity disrupts socio economic life of the nation. It is no mean feat to have sustained product availability despite the state of the economy”.
While reassuring Nigerians of sufficient product availability for the yuletide season, Mommoh noted that the petroleum sector under the minister of petroleum resources is committed to continuous reform of the energy sector to meet the needs and aspirations of Nigerians.
