The Managing Director, Federal Airports Authority of Nigeria, Saleh Dunoma, has said that the Federal Government is working on a permanent solution to the recurring issue of aviation fuel shortage.
Dunoma allayed fears of the current scarcity persisting for too long, saying that the Ministry of Aviation was already looking at the importation of the right quantity, local production to cut cost, and resumption of production of JetA1 at both the Port Harcourt and Kaduna refineries.
He made the disclosure on Wednesday as aviation stakeholders called on the Federal Government to urgently address the challenge of low supply of aviation fuel in the industry.
Experts, who spoke at a stakeholders’ meeting on jet fuel supply in Lagos, expressed worry that if the problem was not addressed, the industry would continue to record losses with the attendant ripple effect on businesses and other sectors of the economy.
The participants observed that the supply capacity had steadily declined in the last three years since the deregulation of aviation fuel.
They added that because aviation fuel was being imported, its supply had become worse in recent time because of the current state of the Nigerian economy and scarcity of foreign exchange.
The scarcity of aviation fuel in the industry is estimated to have led to 50 per cent reduction in supply to local airlines.
The various speakers were of the consensus that the shortfall had now left operators with no option than to ration supply at the ramp, thereby leading to delays and cancellation of flights by airlines.
According to the Managing Director, CITA Petroleum Limited, Thomas Ogungbangbe, organisers of the forum, about two million litres of aviation fuel is required daily but only half that size now gets to the operators.