President Muhammadu Buhari on Tuesday approved the constitution of a 14-member steering committee to address the supply and distribution of petroleum products across the country.
The steering committee will be chaired by the President, with the Minister of State for Petroleum Resources, Timipre Sylva, acting as the alternate chairman.
The ministry said the move was to find lasting solution to the disruptions in the supply and distribution of petroleum products across the country.
It also said the national strategic stocks would help in addressing the recurring fuel scarcity in Nigeria.
The Executive Director, Distribution Systems, Storage and Retailing Infrastructure, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Ogbugo Ukoha, disclosed this in Abuja on Tuesday at the ongoing stakeholders’ consultation forum on midstream and downstream petroleum regulations.
Speaking on the sidelines of the event, he explained that the NMDPRA and stakeholders were going through the eight draft regulations, which were the third batch, put together by the authority, adding that the National Strategic Stock Regulations was one of them.