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How to avert fuel crisis this yuletide by Atayero


Oil and gas expert and the Atayero of Aramoko Ekiti, Omo’ba Olusegun Aderemi, has advised the Federal Government to take proactive steps now to ensure that the nation does not go through the yearly fuel scarcity this yuletide season.

Aderemi, an entrepreneur and Managing Director of Autofit and Energy, said the government should make move now that there is no agitation over fuel yet and flood the country with surplus supply of premium motor spirit (PMS) otherwise known as petrol.

The community leader, who spoke while celebrating an annual festival at his Aramoko Ekiti hometown, also advised the new governor of Ekiti State, Dr Kayode Fayemi, to work on how the state could be taken to an entrepreneurial level.

He urged Fayemi to identify and encourage Ekiti professionals and businessmen outside the state to invest in the state through creation of the necessary enabling environment.

This, he said, would create employment opportunities and wealth for Ekiti people and the state.

Aderemi said there was no need making Nigerians go through the needless yearly fuel scarcity and the accompanying pains and suffering every festive season, hence the need for the government to be proactive.

He said: “Now that there is no agitation for fuel, the Federal Government should flood country with petrol. Government should be very proactive and come out with holistic plan. Surplus supply can take care of the needs of Nigerians and make hoarding and panic-buying unreasonable.

However, Aderemi, who said local production of fuel remained the best bet, advised the Federal Government to concentrate efforts on building of modular refineries in the country instead of importation and subsidising of petroleum products.

According to him, the design for modular refineries, which is against the nation’s needs, has made it unattractive to investors.

The oil and gas expert said: “The design is in such a way that 70 per cent is for after product while 30 per cent is for fuel. But the challenge in Nigeria is fuel and that is why the Federal Government wants investors to bring in modular refineries. The Federal Government will jump at any investor willing to design it in a way 70 per cent will be for fuel and 30 per cent for after product,” he said.

Aderemi advised Nigeria to innovate strategically, saying: “Strategically in the sense that all advanced countries are doing away with fuel. Why can’t we have our vehicles use gas?  Why can’t we have our vehicles use electricity and then use our crude oil for other by products and petrochemicals and get money to develop our country?”

.For a better society

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