Fuel shortage disrupts business activities in Nigeria – Abuja Chamber

The Abuja Chamber of Commerce and Industry (ACCI) has stated that the current fuel shortage is hampering business operations in the country.

ACCI President Emeka Obegolu expressed this concern in a statement on Thursday, urging the Federal Government to quickly address the issue.

Obegolu noted that the shortage has led some unscrupulous individuals to increase fuel prices in several regions, resulting in increased transportation and logistics costs.

He, however, expressed optimism that the soon to be operational Dangote refinery, along with other new refineries, would put an end to this negative pattern and make Nigeria self-sufficient and less dependent on imported fuel.

  • “Fuel shortages have made it more expensive for people and businesses to transport goods and conduct transactions, frustrating the ease of doing business.
  • “The current fuel shortage is hurting businesses and hampering economic activities. “We urge the government to address the root causes of this problem as a matter of priority.” he said.

The head of the Organized Private Sector in the Federal Capital Territory has called on the Nigerian National Petroleum Commission (NNPCL) to expedite the distribution of petroleum products across the country.

The news continues after this announcement.

The news continues after this announcement.

According to him, the availability of the product will ease speculation and reduce the hardship faced by Nigerians due to fuel shortage.

  • “ACCI, as the leading voice of the private sector in the FCT, will continue to be at the forefront of promoting policies and interventions that support the growth and development of businesses.” Obegolu said.

What you should know

Despite assurances from NNPCL that the fuel shortage will be resolved by Wednesday, many Nigerians are still struggling to buy fuel as long queues persist at petrol stations in the country.

Since last week, fuel shortages have continued to worsen in Lagos, Ogun State, Abuja and some other parts of the country, despite claims by NNPC Limited that all problems have been resolved.

Nairametrics, for example, observed that in Lagos, filling stations sell petrol at prices as high as N850 to N900 per liter in places like Maryland, Ikeja, Agege, Iyana Ipaja and other outskirts of Lagos.

In Abuja, Nairametrics observed long queues at filling stations along Abuja Airport Road, Lugbe and Nasarawa-Abuja Road.

Additionally, black vendors stand in the way, selling tired drivers for up to N1,500 per liter.