Capital Oil and Gas Ltd overnight commenced the loading of 13 million litres of petrol from its depot in Apapa for distribution to the various states to reduce the current scarcity.
The Chairman of the company, Ifeayin Ubah, told journalists in Lagos that more than 2,000 trucks would be loaded before May 29 to boost the country's economic activities.
He said that the company's facilities had the capacity to load 13 million litres of the product within the period.
"This comes to approximately 500 trucks of petroleum products on daily basis. With this, it is our belief that once again our citizens will begin to smile and 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," he said.
Mr. Ubah said that the company on May 16 received a message ordering the suspension of loading activities in all depots from May 18.
He said that the company realised that the directive was the result of funds owed to transporters by oil marketers who in turn are owed by the Federal Government.
The chairman said that the development had resulted in immense hardship for Nigerians.
"We believe that a better solution can be pursued to solve this problem in a way that does not adversely affect our dear citizens.
"We also call on striking bodies to call off the strike and 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 had been ordered open. 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," Mr. Ubah added
He lauded two state-owned oil firms, NNPC and PPMC, for their steadfastness in ensuring the availability of petroleum products.
He said that the current PPMC stock level in the company's storage tanks and buffer stock on vessels awaiting discharge were capable of meeting the nation's demand for 15 days.
The Capital Oil boss also spoke on the traffic caused by petroleum tankers on Apapa-Oshodi Expressway in Lagos.
"We wish to emphasise that we have a total solution to the traffic menace on the Oshodi-Apapa Expressway," he said.
"In the coming weeks, we hope to engage the Federal Government, Lagos State Government and other stakeholders in the affected area.
"This will optimally utilise our truck park which has the capacity to accommodate 1,100 trucks at a 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 the demand."
Source of News - (NAN)
Odimma. ......till I see.
ReplyDeleteGod'll bless him o
DeleteUba should be questioned by the new government come 29th May. People who act like him are normally the ones that actually started the whole problem in the first place. This looks like cheap popularity to me. Dr. Uba indeed!
DeleteThings are getting out of hand in nigeria!
DeleteNo light!
No water!
No money!
I don't trust dis Mr ubah,but we dey wait.
ReplyDeleteHeavens bless him if this is true!
Ifeanyi pls be the messiah on this matter.
God bless you Ubah! Typical igbo business man, he knows how to seize opportunity to make money and paint himself as the messiah to keep his business moving.
DeleteGod bless anon.
DeleteI hope he fulfils his promises and hope others also emulate dis heroic act.
ReplyDeleteWho has his number? I need to thank him personally!
DeleteSweet mother,I have his number...I will only give it to you if you want to thank him by kind...
DeleteSweet mother ibia kwaa. Isi number? Just thank him here e go do. Hahahahahaha. But if u get d number sha wire me make I follow u thank am too *wink*
DeleteWhen you all are the cause of this fuel scarcity. Lets see how it goes.
ReplyDeleteMarketers, Tankers it will never be well with you all for the pains you are causing to Nigerians.
TAN to GAN, it will not work, get ready for persecution.
ReplyDeleteYou and the rest oil cabals think you can hold Nigeria to ransom, GMB is here for you.
Our subsidy money still dey your hand, you were were paid to supply kerosene at #50 and you sold through backdoor for 100-120.
The statement sounds insulting for your information.
Get a life...burn off ur energy of frustration somewhere instead of talking trash about someone that is trying to help. Wr r d wale Tinubu, adenuga, otedola and dantata of Mrs?
DeleteWhat do you really want????
DeleteGerrout of here joor! Shitty shitty Prince!
DeleteDalu joor Ifeanyi Uba! Igbo amaka!
@ AE Prince: ur head dey dia! U r able to read between the lines. He is one of the major benefactors of the subsidy scam. He is not doing us a favour. We are only going to benefit a lil from the huge wealth he has gotten through defrauding this nation.
DeleteIfeanyi Ubah well done o!
ReplyDeleteBless him
ReplyDeleteAnd some yoruba people are ranting that ifeanyi ubah has ulterior motives.
ReplyDeleteI want to ask,
Biko Otedola,
How much is ulterior motives in any of your fueling stations?
inu kwa Akuko? God bless u Uba oooooooooo
DeleteThis is different from any diet plan u have ever taken that dint work.its amazing way of curbìng your appetite right after the first use is the happy step towards achieving ur desired weight loss goal combined with the meal replacement plan.u wil lose 7-10kg in 2weeks!!You advised to stay off strenous exercise till programme is completed. Its as easy as it sounds. Try it today and be forever happy!! Suitable for 18 to 60yrs.nt for people with highblood pressure, allergic to caffeine, nursing or pregnant women. Call +234809510696.check our instagram page @beebeeltd. We also sell butt lifters, different waist shapers, arm and shoulder shapers sexy pants and lingerie. .we do delivery worldwide. We also store on konga and kaymu www.konga.com/beebee-collections-ltd
ReplyDeleteMy dear no need to advertise, the trekking wey go soon befall Nigerians will do d magic.
Deleteawwwww.....bless your soul man,SDK BV's need am badly to comment....make una demonstrate una no go gree,after Yvonne Nelson led demonstration my lights have been on,no "dum' again ooo...you guys should give it a shot maybe aboki will listen...hehehehehe
ReplyDeleteIsorite
ReplyDeleteHmm.
ReplyDeleteLet us stop seeing con men as saints. This guy is strategizing, good for him at this point that Nigerians are groaning. The tankers are not loading at controlled price, cheapest is 130 naira per litre and the station will sell at 200 naira, all the same, lets have the product, we will surely buy. Subsidy must be removed, some cabals can not continue to hold Nigerians to ransome.
ReplyDeletea.k.a EDWIN CHINEDU AZUBUKO said..
ReplyDelete.
Am sure many gals will be dying to date this man ryt nw.....
.
.
***CURRENTLY IN JUPITER***
Eg: Your Sisters. Nuisance
DeleteNice man,God bless him
ReplyDeleteIfeanyi Ubah my crush for life *wink*
ReplyDeleteU try 2 hard 2 sound tush but ur razness shines thru @zizi
DeleteNPDC is on strike.
ReplyDeleteotedola and co follow suit pls
ReplyDeleteI pray Nupeng would allow the tanker drivers , because they are also part of the problem .
ReplyDeleteIfeanyi baaying aaammam dat gininnwa ready to sacrifice anything to be in the good books of GMB n nod waannne madu , the thought of a reserved accommodation in Kebbi prison is not a joke .
Bought at 87naira from one of his stations, one man one 25litres keg.....he was arranging the lines himself...God bless you Ifeanyi Ubah
ReplyDeleteAnd they had to wait for the situation to get out of hand before they do something?
ReplyDeleteBut all this striking bodies,who do they think gets affected when they go on strike?anytime I hear that word STRIKE,I feel like killing somebody..they say they go on strike to fight for the masses..not knowing that they're fighting with the masses..who gets affected? Doctors go strike,the poor masses go suffer,marketers n transporters go strike,na we go suffer..abegi I no wan vex dis morning
ReplyDeleteBless him
ReplyDeleteWell done!
ReplyDeleteGod bless him for this.
ReplyDeleteGod will see us 2ru
ReplyDeleteBabanla strategist! Ubah d "hero"
ReplyDeleteMechie gi onu there.... mkpi
DeleteHmmmm,hw true is this statement cause for naija words and action re on two diiferent levels but if he backs his words with action then God will bless u!
ReplyDeleteHEADLINE
ReplyDeleteIFEANYI UBA ROMANCES BUHARI
yeye dey smell
He has done well, all those ( especially lagosians) that carried foam to occupy Nigeria when iweala wanted to remove subsidy, how market? Una don see am now
ReplyDeleteThank you!!!!!
ReplyDeleteI don't even know what to make of this. It actually seems hypocritical to me but then, what do I know? Maybe Ifeanyi Ubah is trying to win favours from the incoming govt. Anyway, whatever, sha. We thank him for the gesture-at least our suffering can reduce till the incoming government brings a more lasting solution (hopefully)
ReplyDeleteIfeanyi Ubah is very very generous...he sometimes gives fuel for free at Nnewi...
DeleteHe has once dashed me $7k for lunch...
Somebori save da situation puleaze... everything is @ stake
ReplyDeleteAna enwe obodo enwe.....
ReplyDeleteNnukwu Muonwu aputago n' ogbo
Obodo edelugo jiiiiiii.......
The Queen,translation pls!
Hahahhabahahaha
I hear and read people criticising him, reading meaning into his intentions...please, whatever his motivations are, allow him to release the fuel, we have suffered enough.
ReplyDeleteGod bless u Ifeanyi for trying to save d situation @ hand. Surely d fear of Buhari is d beginning of ur kind gesture, Ify bros..... Ur case will be now diff.
ReplyDeleteCon men
ReplyDeleteDejavu ... and then some politiking moves
ReplyDeleteIts xo impossible to smile buh God i tank u 4 evrytin
ReplyDeleteOga tnx alot although have not seen the fuel
ReplyDelete