,

Fuel Scarcity Cripples Business Activities In Nigeria

fuelThis is not the first time Nigerians will be experiencing fuel scarcity. In recent times we ‘ve had threats of the same situation which were properly managed. Early this month reports of fuel scarcity had hit the media with a lot of people expressing their fears.

This is because the Major Oil Marketers Association (MOMAN) and members of the Depot and Petroleum Products Marketers Association DAPPMA have embarked on strike. The claimed it was to express their grievances towards the federal government for their unpaid subsidy debts which is to the tune of N226bn.

The fuel scarcity this time has eaten deep into the country’s economy. This has seen a lot of businesses shutting down and some cutting down their hours of operation.

Yesterday Beat Fm, a Nigerian urban radio station had tweeted from its official handle @thebeat999fm that it will be shutting down by 8:30pm to commence broadcast the next day due to fuel scarcity.

Naija Fm also had a tweet from its official handle @Naija102fm that said “we radio, our radio, go shutdown by 8pm due to scarcity of fuel/diesel. please bear with us…”

Also some telecommunication companies in the country which includes MTN and AIRTEL have apologised to its customers for the bad services the are experiencing which the also attributed to fuel scarcity. GTB Bank had tweeted yesterday with its official handle @gtbank “Our branches will close at 1pm from tomorrow. Apologies for the inconvenience. Pls tell someone and RT”

Several other institutions have followed suit in suspending their business activities

Expressions from some Nigerians about the situation yesterday on social media platforms showed that some churches had combined one service because the could’nt run their usual multiple services due to scarcity of fuel.

However Ifeanyi Uba of Capital Oil and gas had announced last night in a statement released that his company will release fuel in batches worth millions of liters to help the people deal with the challenge of scarcity.

UPDATE:

Major Oil Marketers Association of Nigeria, MOMAN, have reportedly agreed to call off their strike action over unpaid subsidy claims and commence lifting of petroleum products nationwide in the next six hours.

Written by kealdy Iboko

Kealdy Iboko, a budding writer, music critic, DeheadsUp Podcast Producer and believer of Christ. Contact: kealdy001@gmail.com, sms +2348112083988

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.