Nigeria: Deal Reached to End Fuel Crisis

by on May 26, 2015

Agreement was reached on Monday to end a crippling fuel crisis in Nigeria that had left the country at a virtual standstill just days before a new government is installed.

Banks had begun to close early and telecoms firms warned their mobile phone networks could be shut down because of fuel shortages, which left domestic airlines grounded and saw petrol stations run dry, hitting businesses and homes.

But an end to the crisis was reached after the main unions and industrial groups responsible for supplying and distributing the majority of petrol and diesel in Nigeria met the government for talks.

Afterwards, the executive secretary of the Major Oil Marketers Association of Nigeria (MOMAN), Babafemi Olawore, said: “We have agreed… (to) commence lifting of products from all available depots within the next six hours.”

Kassim Bataiya, of the National Association of Road Transport Owners (NARTO), said his body “fully endorsed” the statement.

It was not immediately clear what, if any, deal was offered to help end the stalemate.

Source: AFP

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