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Home Economy

NACCIMA Seeks End to Fuel Queues, Implementation of PIA

Business 360 by Business 360
February 28, 2022
in Economy
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NACCIMA’s new president calls for increased momentum for economic recovery

The Nigerian Association of Chambers of Commerce Industries Mine and Agriculture (NACCIMA) has called on the federal government and other stakeholders to find a definitive solution to the lingering fuel queues.

NACCIMA also called for the full implementation of the Petroleum Industry Act as passed recently. The group made the calls at its first quarter executive and council meetings in Abuja and presided over by the NACCIMA National President, Ide John Udeagbala.  

According to a statement by the group, the recent fuel crisis occasioned by importation of off specification premium motor spirit(PMS), which led to queues across the country with serious implications on life and the economy, was discussed.

The council observed that the situation was a reflection of the fact that the oil and gas sector is still plagued by various problems coupled with the non-functionality of the PIA as envisioned to resolve the issue of the oil and gas sector.

It urged the federal government to stop the importation of petroleum products and take immediate steps at ensuring that all refineries are working in full capacity for a definitive end to importation of petroleum products.

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