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Africa

Nigeria in crisis as presidential handover looms: Opposition

– Shutdown, strikes –

OPEC-member Nigeria produces some two million barrels of oil per day but has no functioning refineries and is forced to import crude products such as petrol and diesel.

The government keeps fuel at below market price at the pumps, paying the difference to importers in a system the government says is riddled with corruption.

Fuel importers and marketers claim they are owed 200 billion naira ($1 billion, 910 million euros) in outstanding subsidies and have shut depots pending full payment of the arrears.

Petrol tanker drivers and oil and gas workers are also on strike.

The government, which relies on oil revenue for 90 percent of its foreign earnings but has been squeezed by the global slump in crude prices, says just 1,327 megawatts of power is currently being produced.

The APC, which has vowed to tackle rampant corruption and insecurity, attacked Jonathan and the PDP for keeping silent on the crisis.

“The outgoing administration has shown neither the capacity nor the willingness to resolve any of the crises it has contrived and foisted on the nation,” it said.

It added: “This is the most vivid manifestation of the old saying that literally translates to a departing office holder defecating on the chair he is vacating.”

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