How naira scarcity affects supply of fuel – IPMAN

The Secretary of the Independent Petroleum Marketers Association of Nigeria, IPMAN Abuja-Suleja, Mohammed Shuaibu, has disclosed that the National currency crisis affected its members.

Shuaibu on Wednesday spoke on the recurring decimal of fuel scarcity in most parts of the country.

He explained that petrol marketers are worse hit by the cash crunch because they can’t access the naira, just like many other Nigerians.

Shuaibu stated that the federal government’s promise to supply fuel marketers with 140 million litres is yet to stabilize the product availability nationwide.

READ ALSO: Fuel Scarcity: Kano needs 500 trucks of fuel daily but we receive only 26 – IPMAN

“However, I’ll say that this naira scarcity could also be a factor because people hardly get money to go to the market and are really going through hell right now.

“The cash crunch is affecting both the oil marketer and the customers of our products. There is no cash; you can’t travel to perfect some transactions and even the Internet services need to be fixed as expected. You encounter difficulties when trying to make transfers.”

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