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The Government on 14th August 2000 set up a 34 member
Special Committee on the review of Petroleum Products Supply and
Distribution (SCRPPSD) drawn from various Stakeholders and other
interest groups to look into the problems of the downstream
petroleum sector.
Prior to the setting up of the Committee, the downstream sector
was characterized by the following problems:
- Scarcity of petroleum products leading to long
queues at the service stations
- Low capacity utilization and refining activities at the
nation's refineries (poor state of the refineries)
- Rampant fire accidents as a result of mishandling of
products- products adulteration
- Pipelines vandalisation
- Large scale smuggling due to unfavourable economic products
borders' prices with the neighbouring countries
- Low investment opportunities in the sector.
In October 2000, the Committee submitted its reports and the
Government meticulously studied the recommendations and made its
views as published in the Government white paper.
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Mission
To reposition Nigeria's downstream sub-sector for improved
efficiency and transparency.
Vision
To attain a strong, vibrant downstream sub-sector
of the petroleum industry, where refining, supply, and
distribution of petroleum products are self-financing and
self-sustaining.
Goals and
Objectives
Functions
- To determine the pricing policy of petroleum products;
- To regulate the supply and distribution of petroleum
products;
- To create an information databank through liaison with all
relevant agencies to facilitate the making of informed and
realistic decisions on pricing policies;
- To oversee the implementation of the relevant recommendations
and programmes of the Federal Government as contained in the
White Paper on the Report of the Special Committee on the Review
of the Petroleum Products Supply and Distribution, taking
cognizance of the phasing of specific proposals;
- To moderate volatility in petroleum products prices, while
ensuring reasonable returns to operators.
- To establish parameters and codes of conduct for all operators
in the downstream petroleum sector;
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