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Monday, May 6
This ongoing crisis highlights the complexities and challenges in the country’s fuel supply chain, despite earlier government promises of improved market competition and efficiency.
According to a report from LEADERSHIP, in similarly dire regions like Kaduna and Maiduguri, Filling stations frequently close or hoard fuel, hoping to sell at higher prices amid the uncertainty.
Naija Newsunderstands that President Bola Tinubu’s elimination of the subsidy on May 29, 2023, aimed to decentralize fuel imports under the Petroleum Industry Act 2021, shifting control from the Nigerian National Petroleum Company Limited (NNPCL) to the private sector.
As the country faces challenges, there is a growing call for stable and equitable fuel supply systems, highlighting the need for effective reforms in the petroleum sector.
Despite the NNPCL’s assurances of a steady fuel supply, the reality on the ground tells a different story.
This situation has been worsened by logistical issues such as sporadic supply and operational shutdowns at various filling stations, caused by increased haulage costs demanded by tanker drivers..
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