In a televised interview on Thursday, Adedapo Segun, Executive Vice President of the Nigerian National Petroleum Company Limited (NNPCL) Downstream, issued a warning to Nigerians: prepare for more fuel scarcity.
This ominous forecast comes as the country is still reeling from the recent fuel price hike, which has caused widespread hardship and disruption.
Segun emphasized the need for a perfectly competitive market to ensure stable fuel prices and supplies in Nigeria. He argued that a competitive market would help to mitigate the volatility that has characterized the fuel industry in recent times.
The NNPCL executive’s warning has raised concerns among Nigerians, who are already struggling to cope with the economic fallout of the fuel price hike. The prospect of further scarcity and price increases has raised fears of even greater hardship and social unrest.
The government and industry stakeholders must work together to create a competitive market that prioritizes the needs of consumers and ensures a stable supply of fuel. Anything less would be a betrayal of the trust of the Nigerian people.
