Premium Motor Spirit (PMS) popularly known as fuel has recorded scarcity in some cities in Nigeria in the past few days.
The implication of the scarcity led to high cost of the current litre of PMS in some filling stations.
The month of May 2024 will mark one year that the new President of Nigeria took the oath of office and assumed power as the democratically elected president of the Federal Republic of Nigeria. The significance of his one year in office brings the memory of his announcement of fuel subsidy removal on 29th May 2023 during his inaugural speech.
Residents in Lagos, Abuja, Kano, Enugu and other states in Nigeria has recorded the adjustment of metre prices in filling stations due to the looming fuel scarcity.
NNPC Limited has assured Nigerians that the fuel scarcity won’t last as products will be made available but in another reported news, it was alleged that the fuel scarcity will occur for two weeks leading to the resolution of the issues causing the fuel scarcity.
In a city like Lagos which has the highest urban population in the country, many people were sighted in long queues trying to buy fuel for their vehicles, office and household use.