Earlier this week, it was reported that the Federal Government is yet to pay N256.2 billion debt it is owing the
Major Marketers Association of Nigeria (MOMAN), and as a result, fuel scarcity was imminent. And now,
Vanguard is reporting that fuel scarcity has officially hit Lagos and Abuja. This development comes just one day after the three-day ultimatum that MOMAN gave the federal government to pay up the debt owed.
As a result of the fuel scarcity, many petrol stations have increased the pump rice of fuel, selling for between N100 and N130 per litre. In addition, there has been a significant hike in public transportation fare and prices of services and commodities in Lagos and Abuja.
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