Saturday, 21 November 2015



Many Nigerians have expressed anger and disappointment over scarcity of fuel and sliding economy. The present administration made a lot of promises when it came onboard, that it would improve the economy by creating enabling environment for businesses to thrive, and for more jobs to be created.

The people are disappointed that APC government led by President Mohammadu has not been able to fix numerous economic issues. Fuel is scarce and the price has increased above the normal pump price (N87) for more than four weeks. They complained that fuel scarcity and erratic electricity have compounded the sliding economy. Some companies have sacked workers, thus increasing employment.

Findings by Saturday PUNCH show that the product sells for between N100 and N150 per litre in most fuel stations across the country, with the product going for as high as N400 per litre in the black market. And that long queues of vehicles and customers with kegs characterise the few stations that sell the product at the official pump price.

Meanwhile, the Northern Elders’ Council Chairman, Tanko Yakasai, has blamed Buhari for failing in his promise to Nigerians to revive the oil sector, saying his tenure as Minister of Petroleum was kicked off on a bad note.

He said, “I’m buying from the black market. The start does not show a good signal for the new minister of petroleum resources. Buhari came to power on the strength of the change slogan. He promised to change what was happening in the country, so what we expected was change and not this.

“But look at what is happening under Buhari as the minister of petroleum resources. He came to power on the platform of change but there has been no change. If the same situation we used to experience has continued, so where is the change? What has he done better? We still have queues at fuel stations all over the country. He has been in power for many months and we are still grappling with fuel scarcity in the country. Is that change? Where is the change?”


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