It been reported that one of the products holding facility in the South West, Satelite Deport has been forced to shut down over a technical issue, during the weekend. According to Mr Alamu AYO – Chairman Independent Petroleum Marketers Association of Nigeria (IPMAN) Satelite Depot, the depot is not functional. It broke down a few days ago worsening distribution efforts of marketers.
To make matters worse, another major petroleum depot in the state, Apapa Depot has no single product. The combined capacity of the two depots were currently in no way able to serve Lagos as Marketers who used to be given 102-105 trucks in the past are now receiving 6-8 trucks daily.
He however stated that the government entered into an Memorandum of Understanding with the marketers in which Marketers were assured of product availability by first week in May.