7 April 2016
Fuel scarcity is on a consistent and recurring loop, and every sector of the economy is greatly affected by it. However, the Federal Government has promised that it is working hard to solve the problem of fuel scarcity as well as the issue of epileptic power supply and inflation plaguing the economy.
In a statement made by the Minister of Information and Culture, Alhaji Lai Mohammed, during a visit to the Corporate Headquarters of Daily Trust Newspapers, the Minister urged Nigerian citizens not to lose hope in President Muhammadu Buhari’s administration and further added that the government is taking steps to ensure that the situation is resolved quickly.
He ensured that plans were being made to supply enough petrol to at least five major cities of the country, Port Harcourt, Lagos, Kano, Abuja and Kaduna.
The Minister added that filing stations that are caught selling fuel at an increased price or deliberately hoarding fuel would be prosecuted with punishments ranging from a revocation of their license to forceful closure of defaulting stations. Alhaji Lai Mohammed also spoke about the government’s desire to revisit and resume certain projects abandoned in the past that could help with poverty alleviation and create jobs and employment opportunities.
However, as much as fuel scarcity is a bane to the progress of the economy, it has inadvertently helped certain businesses and business owners thrive. Petty traders and food hawkers around filing stations have seen an increase in sales since the scarcity began. Most that didn’t normally make a good living from their wares, sell more around filing stations now because the fuel queues cause people to spend hours camped outside filing stations.
While some might be eager to see the fuel scarcity end, others are taking advantage of it to make quick profit from selling their wares at exorbitant rate.