OIL & GAS
The NNPC’s Economic Anomaly: A Short Take By Ikeddy ISIGUZO
The distance by road between Abakiliki and Lagos is 628 kilometres. The distance from Aba to Lagos is 606 kilometres. These are the two most distant major cities from Lagos in the South East. Fuel will be sold in the South East for N940.
Another surprise is that Rivers and Akwa Ibom are included with the South East. Their respective capitals are Port Harcourt (606km) and Uyo (671km) from Lagos.
Fuel has never been sold at the official rate in these areas for decades.
The rates are, at most, arbitrary. Calabar, which is N747 kilometres from Lagos, will receive fuel at N933, N7 less than the South East.
The majority of imported goods, including petroleum products, arrive in Lagos.
What makes Kaduna (831km) and Kano (992.5km) from Lagos buy fuel at N939 per litre? The South East, which is closer to Lagos, pays more than Kaduna and others. There is no mention of oil-producing Bayelsa. Only the NNPC knows.
The issue of making life more difficult for South East residents becomes more obvious by the day. Those who plan these events always have explanations, or they ignore us.
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