Stand in those long lines daily trying to buy some fuel? Find out why Nigeria is experiencing such a crisis... again and what they are going to do to end it.
Seems like this year the last year’s scenario is replayed in Lagos and other large Nigerian cities again. Fuel scarcity in Nigeria is a bit cyclical. Will the situation be carried out into the beginning of the next 2016 year? Some experts predict the fuel deficiency to keep on occurring all the way till February 2016.
What causes fuel scarcity in Nigeria?
Seems like we get different reports and reasons from different sources. Let’s review several versions.
Version #1: president Goodluck is to blame for the present day fuel scarcity
Such claim was made by the Federal Government and by Lai Mohammed in particular. He states the Jonathan’s government did not make the provisions and did not care to stock up enough fuel and use fuel subsidies. So, the present day government of Buhari has got a bad heritage from the predecessors.
Of course, he managed to own up some problems related to the logistics. However, they seem to play only a minor part in the present day fuel crisis. Current government plans to use additional 600+ billion naira to cope with the problem. That is the solution they see. They plan to renew the importing of fuel by various companies, which has not been done during the last few months.
Version #2: president Buhari blames the petroleum industry stakeholders
He has made such a claim during the presentation of the 2016 budget and apologized for the inconveniences people are forced to deal with during this festive season. The president believes those key people in the industry are unwilling to accept the change. He has also made provisions to end the crisis as quickly as possible.
READ ALSO: What does fuel subsidy mean in Nigeria?
He also supports the idea that his administration carries the burden of the mistakes made in the past by president Goodluck. He admits that the stopping of payments towards the fuel subsidy has played a bad trick with him.
So, will the fuel scarcity in Nigeria continue into the beginning of 2016? It is quite possible. Presently companies have received over 400+ billion naira to cover up for the fuel subsidy costs, they are not in the rush to restore the import of the fuel. The situation may require more negotiations and this means Nigerians might keep on standing in the long fuel lines all the way till February 2016.