The Managing Director of Capital Oil and Gas, Dr Ifeanyi Ubah has urged Nigerians to stop hoarding fuel.
Ubah also said that the Nigerian National Petroleum Corporation (NNPC) had imported enough petrol to end the ongoing fuel scarcity.
The businessman made the disclosure on Tuesday, April 5, 2016, via a post on Facebook.
“This is to inform our valued customers and the general public that NNPC has brought enough fuel cargoes into the country.”
“Consequently, Capital Oil has commenced massive 24hours loading in a bid to meet NNPC’s target of eliminating fuel queues nationwide within the next few days.”
“We also wish to discourage Nigerians from panic buying & hoarding while calling on everyone to stop patronizing the activities of black marketers.”
Ubah had also played an important role in ending the worst fuel scarcity in Nigerian history which occurred in May 2015.
The businessman effectively solved the fuel shortage by offering to supply 13 million litres of the product to depots around the country despite a standoff between oil marketers and the Federal Government over unpaid subsidy debts.