Long Queues Are Back! Why Fuel Scarcity May Persist In Lagos And Abuja – Markters Reveal
As feul scarcity looms across Nigeria, investigation has
revealed that oil marketers were no longer interested in importing the
product mainly because of the rising exchange rate of the dollar to the
Naira.
The other factors responsible for the marketers’ action
are delayed subsidy payments and rising interests on loans from banks.
An official of a major marketing firm, who declined to
have his name in print, said, “I am afraid that we cannot continue to
import petrol because it costs more now to do so ow... more »
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