petrol station

The Federal Government has once again assured Nigerians that the on-going scarcity of petrol across the country will ease-off by the end of the week.

This follows the release of N100bn to the Petroleum Marketers leaving a balance of N85bn.

The Minister of finance and Co-ordinating Minister of the Economy, Ngozi Okonjo-Iweala made this known during a meeting with the marketers, the Central Bank of Nigeria, the Petroleum Pricing and Marketing Company and the Debt Management Office.

Early this week, the NNPC Group Managing Director, Joseph Dawha said the corporation plans to import One billion liters of the product this month.

Scarcity of petrol hit many cities in the country last week raising several questions as to the likely cause.  While the free fall of the naira against the dollar has been identified as one of reasons, non-payment of outstanding subsidy to marketers was adduced as another.

The most striking excuse came from the National Chairman of the PDP, Adamu Muazu. He said the opposition  APC has infiltrated the petrol marketers and should be held responsible for the scarcity. This, many Nigerians find ridiculous and an indirect indictment on the Federal Government and its agencies.  

 

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