A Review of the Nigerian Energy Industry

Fuel scarcity may worsen next week

Kunle Kalejaye 25 April 2015, Sweetcrude, Lagos – Strong indications have emerged that the current fuel scarcity in many parts of Nigeria may worsen as from next week.
Femi Olawore
Femi Olawore, MOMAN Executive Secretary

SweetcrudeReports learnt that this would arise from Federal Government’s inability to fulfil an agreement with oil marketers to settle their outstanding N256.2 billion subsidy payments for part of 2014 and this year.

This, the marketers, said has truncated their  ability to import fuel into the country.
The Executive Secretary of Major Oil Marketers Association of Nigeria, MOMAN, Mr. Obafemi Olawore, stated in Lagos on Friday that the full impact of the scarcity would begin to show as from Monday when its members’ current stock at Apapa depot in Lagos depletes.
Olawore stressed that the current fuel stock can sustain the country for only three and half  days, starting from today, Friday April 24, 2015.
With this development, the MOMAN secretary stated that the nation would then have to rely heavily on the Nigerian National Petroleum Corporation, NNPC, to supply products to the entire country but added that there is always a problem when supply is left entirely with NNPC.


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