To stem the tide of recurring fuel crises in the country, a leading downstream sector player and Chairman of Depot and Petroleum Products Marketers Association of Nigeria, DAPPMAN, Dame Winifred Akpani, has proffered some far reaching solutions.
Dame Akpani, who is also the Founder and Chief Executive Officer of North-West Petroleum and Gas Company Limited, spoke during a panel session at the KPMG Alumni Ignite event with the theme, Reviving the Economy : Be A Change Agent.
Dame Akpani who was a member of the panel was responding to a question by a member of the audience on how to end the persistent fuel scarcity in Nigeria.
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According to her, the way to effectively put an end to the lingering issue of fuel scarcity is through a free market. She explained that ” the easiest way to ensure uninterrupted supply of fuel is through a free market…a free market economy. This will be achieved with a full deregulation of the petroleum downstream sector “, she added.
She also stressed the need for Nigeria to increase her crude oil production saying it is the major source of revenue to the federal government.
In her final word, she called on all stakeholders to cooperate with the federal government in finding solutions to the economic challenges facing the country. ” Let us stop complaining, let’s join hands, bring our skills, competencies and time. This way we can find solution our problems together. Government can’t do it alone “.
