Implications of lingering fuel scarcity on Nigerian economy - Punch Newspapers

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“Alleged corruption and mismanagement in the oil sector, the importation and distribution of dirty fuel, and protracted fuel scarcity amount to a fundamental breach of constitutional and international human rights obligations, depriving Nigerians of economic opportunities and subjecting them to cruel and degrading treatment”

The first sign of fuel scarcity was noticed in Abuja about January 24, 2022 ahead of the planned nationwide protests by the Nigerian labour unions to prevent the Federal Government from removing fuel subsidy by July 2022.

However, one of those indicted to have ferried in the adulterated fuel has lashed back at NNPC. MRS in a statement said “Due to the current subsidy regime, NNPC is the sole supplier of all PMS in Nigeria. Consequently, the NNPC through their trading arm Duke Oil, supplied a cargo of PMS purchased from international trader Litasco and delivered it with Motor Tanker Nord Gainer. This vessel discharged in Apapa between the 24th and 30th of January, 2022.

Section 14 of the Nigerian 1999 Constitution says security and welfare of the citizens shall be the primary purpose of government. The security situation is already deplorable, now welfare is virtually non-existent for Nigerians. Since this round of fuel scarcity started, no government official has resigned or been sacked for putting Nigerians through this untold hardship. Yet, the president also doubles as the substantive Minister of Petroleum Resources.

Source: Financial Digest (financialdigest.net)

 

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