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Nigeria loses over N200 billion annually to adultrated Lubricants
Lagos — Nigeria loses N200 billion annually to sales and circulation of adulterated lubricants, Ayobami Odetola a member of
lubricants sector stakeholders has said.
According to Mr. Ay-obami Odetola, Lube Operations Manager, MRS Oil Nigeria Plc, “Nigeria ’s economy loses over N200 billion
annually due to influx of adulterated lubricants and the fact that most people patronise road side engine oil dealers.”
He said this while briefing newsmen on the initiative by stakeholders in the downstream sector to begin a nationwide public
enlightenment campaign on lubricants market sanitisation.
He said: “The economy also records a huge cost of over $250 million as outflow that is not necessary to import base oil yearly.
Nigeria is the largest importer of used cars and about N100 billion is incurred as unnecessary spending on adulterated
lubricants, while over N30 billion goes into treatment of respiratory infections cause by environmental hazards of fake engine
oil, while , across the country.
Also speaking, the Gas Manager, Petroleum Products Pricing Regulatory Agency (PPPRA), Mr. Olasupo Agbaje, explained that the
campaign became necessary following a ministerial directive to the Agency by the Federal Ministry of Petroleum Resources, to
coordinate the regulation of base oil and sale of lubricants in the country.
He said, “We are working with the Department of Petroleum Resources (DPR) and Standards Organisation of Nigeria (SON) to
stamp out the scourge of lubricants adulteration and illegal trading of base oil in Nigeria .
The mechanism to sustain the campaign has been put in place and severe sanctions would be given to offenders in the sector.
The campaign is aimed at educating Nigerians on dangers of adulterated base oil being used as lubricants and need to procure
lubricants through authourised sources.
He added, “Procurement, distribution and retailing of base oil and adulteration or improperly packaged lubricants by
unlicensed vendors over the years resulted in such hazards like, malfunctioning and damage to engines and machinery,
adulteration of edible oil with hazardous health implications, environmental pollution and destruction of the source of livelihood
of genuine practitioners in the industry”.
Culled from Vanguard on line news.
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