Loading of petroleum products at the Mosinmi, Ejigbo and Ibadan depots of the Nigerian National Petroleum Corporation (NNPC) is to resume soon, as part of fresh moves to improve supply of product in Lagos, other parts of the South West region, and Kwara state.
Ahead of the planned re-opening of the depots, NNPC has recommissioned the major pipeline for the pumping of products from the Atlas Cove depot in Lagos to the depots.
The strategic pipeline was shut down since over a year ago, following attacks by militants who siphoned the products being pumped to the depots
NNPC spokesman, Ndu Ughamadu, who made this known in a statement, also said that Central Bank of Nigeria (CBN) has released foreign exchange to major petroleum products marketers for the importation of diesel, kerosene and aviation fuel.
In addition, Ughamadu explains that NNPC has in stock, one point two billion litres of petrol which is capable of meeting the local demand of the product for 34 days.