The major oil marketers association of Nigeria (MOMAN) has finally reached an agreement with the government to begin supplying country with much needed petroleum products “in six hours”
Fuel scarcity hits Nigeria’s economy hard.
Magnus Abe, the chairman of the senate committee on petroleum resources, informed press that a solution to fuel crisis has just been worked out during the meeting of MOMAN representatives, major stakeholders in the oil and gas sector, senate committee on petroleum resources, and Ngozi Okonjo-Iweala, minister of finance.
According to that decision, petroleum products will be delivered across the country “in six hours”.
At the same time the Nigeria union of petroleum and natural gas workers (NUPENG) and the petroleum and natural gas senior staff association (PENGASSAN), which had suspended their activities previously, have also decided to call off their ongoing strike to end fuel crisis hitting Nigeria’s economy.
The scarcity comes as the result of dispute between government and fuel marketers and transporters over unpaid bills of $1 billion. Since October 2014 they were unpaid the difference between real cost of products and fuel price subsidised by outgoing Goodluck Jonathan’s government.
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