{"id":75844,"date":"2022-11-06T16:29:59","date_gmt":"2022-11-06T15:29:59","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/subsidy-regime-distribution-method-reasons-for-lingering-fuel-shortage-expert"},"modified":"2022-11-06T17:49:33","modified_gmt":"2022-11-06T16:49:33","slug":"subsidy-regime-distribution-method-reasons-for-lingering-fuel-shortage-expert","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/subsidy-regime-distribution-method-reasons-for-lingering-fuel-shortage-expert","title":{"rendered":"Subsidy regime, distribution method reasons for lingering fuel shortage \u2013 Expert"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>An oil and gas expert has disclosed that subsidy regime, opaque method of distribution, insecurity, oil theft and point of distribution challenges are the reasons for the lingering fuel shortage in Nigeria.<\/p>\n<p>Gbenga Adeoye, an oil and gas expert 2ho doubles as a chartered accountant, said this in a ChannelsTV interview monitored on Saturday.<\/p>\n<p>Adeoye said the Organisation of Petroleum Exporting Countries, OPEC, also contributes to the challenges facing Nigeria\u2019s oil and gas industry.<\/p>\n<p>He says, \u201cOPEC determining the crude oil we export is a problem. I am advocating that we can\u2019t allow OPEC to decide what we produce and buy in the international and domestic markets. We may have to go the way of Gaddafi in Libya. You can\u2019t allow OPEC to decide how much you sell crude to your people for domestic consumption. Government needs to do marginal costing by determining the break-even price.<\/p>\n<p>\u201cMethod of Distribution, it is only in Nigeria you see tankers loaded with fuel moving around the country; Also Point of Distribution, should be in the six geopolitical zones rather than through a pipeline or rail linked to these locations\u201d, he said.<\/p>\n<p>He added that \u201csubsidy, insecurity, theft of crude and finished product are part of the problem of fuel scarcity\u201d.<\/p>\n<p>\u201cThe major challenge we have with pricing is that we are importing the finished product; Also, the issue of exporting to Neighbouring countries\u2019 subsidized fuel products\u201d, he stated.<\/p>\n<p>Over six weeks, major cities in Nigeria, including Abuja, Lagos, Ogun, Kwara and other states, have suffered fuel shortage.<\/p>\n<p>Recall that at the climax of the flooding in Kogi State, the Federal Government attributed the shortfall in fuel supply to the flooded Lokoja road; however, weeks after a decrease in the situation, the scarcity still lingers in Abuja and its environs.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. An oil and gas expert has disclosed that subsidy regime, opaque method of distribution, insecurity, oil theft and point of distribution challenges are the reasons for the lingering fuel shortage in Nigeria. Gbenga Adeoye, an oil and gas expert 2ho doubles as a chartered accountant, said this in a ChannelsTV interview monitored [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":75843,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,1437],"tags":[1570,2140,772,254],"class_list":["post-75844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-nigeria-2","tag-fuel","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Subsidy regime, distribution method reasons for lingering fuel shortage \u2013 Expert - Nigeria<\/title>\n<meta name=\"description\" content=\"An oil and gas expert has disclosed that subsidy regime, opaque method of distribution, insecurity, oil theft and point ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/subsidy-regime-distribution-method-reasons-for-lingering-fuel-shortage-expert\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Subsidy regime, distribution method reasons for lingering fuel shortage \u2013 Expert\" \/>\n<meta property=\"og:description\" content=\"An oil and gas expert has disclosed that subsidy regime, opaque method of distribution, insecurity, oil theft and point ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/all-news\/subsidy-regime-distribution-method-reasons-for-lingering-fuel-shortage-expert\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-06T15:29:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-06T16:49:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/11\/postQueueImg_15-6367e58866a57.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"766\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/subsidy-regime-distribution-method-reasons-for-lingering-fuel-shortage-expert#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/subsidy-regime-distribution-method-reasons-for-lingering-fuel-shortage-expert\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Subsidy regime, distribution method reasons for lingering fuel shortage \u2013 Expert\",\"datePublished\":\"2022-11-06T15:29:59+00:00\",\"dateModified\":\"2022-11-06T16:49:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/subsidy-regime-distribution-method-reasons-for-lingering-fuel-shortage-expert\"},\"wordCount\":321,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/subsidy-regime-distribution-method-reasons-for-lingering-fuel-shortage-expert#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2022\/11\/postQueueImg_15-6367e58866a57.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"fuel\",\"Nigeria\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/all-news\/subsidy-regime-distribution-method-reasons-for-lingering-fuel-shortage-expert#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/subsidy-regime-distribution-method-reasons-for-lingering-fuel-shortage-expert\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/all-news\/subsidy-regime-distribution-method-reasons-for-lingering-fuel-shortage-expert\",\"name\":\"Subsidy regime, distribution method reasons for lingering fuel shortage \u2013 Expert - 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