Reasons why the fuel scarcity is not stopping soon

Bad news people :(... the fuel scarcity currently
being witnessed in Nigeria might not improve any
time soon.
An industry source who spoke to The Cable,
claims that these are the three reasons why you
will keep queuing for fuel:
1. Banks have become hesitant to finance
imports of petrol and kerosene and have now
tagged the transactions as a “political risk”.
2. Recent payments to marketers were sourced
from a loan taken by the federal government,
a development that effectively shook the
confidence of the financial system on the
immediate future of subsidy in the country.
3. Most oil marketers have decided against
importing fuel until the incoming government
of President-elect, Muhammadu Buhari settles
in and defines its direction on the deregulation
of the downstream sector.

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