by Anike Jacobs
For a couple of weeks now, Nigerians have been battling with fuel scarcity.
And we have got even a sadder news for you, the fuel scarcity currently being witnessed might not improve any time soon.
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Banks have become hesitant to finance imports of petrol and kerosene and have now tagged the transactions as a “political risk”.
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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.
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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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