Fuel Scarcity Worsens In Ilorin As Prices Soar And Queues Resurface
Fuel scarcity has worsened in Ilorin, with queues returning to petrol stations across the city.
Prices at major filling stations have skyrocketed, ranging from N640 to N680 per litre, while independent marketers are charging exorbitant rates of between N900 and N1,000 per litre.
The scarcity has led to the closure of many fuel stations, citing a lack of supply. According to Tajudeen Balogun, a manager for an independent marketer, the sole importer of petrol, NNPC, has not imported or loaded petrol in Lagos, leading to the shortage.
He believes the situation will persist until Nigeria’s local refineries become fully operational.
A TotalEnergies official in Ilorin confirmed the unavailability of fuel for loading in Lagos, attributing the situation to broader supply issues.
The fuel scarcity has also had a ripple effect on transportation, with commercial cab drivers, Okada riders, and tricycle operators increasing their fares and expressing frustration over the situation.
The shortage has caused inconvenience and hardship for residents, who are now forced to pay higher prices for fuel and transportation.
The situation highlights the need for a sustainable solution to Nigeria’s fuel supply challenges.
Gaius Otutu is the owner of GistsNaija, which was launched in 2012.
Gaius Otutu is a prominent Nigerian businessperson who has made a name for himself in the world of entrepreneurship. Born and raised in Delta State, Nigeria, into a family of 6, with his Siblings Blessing, Favour, Henry. Gaius has always had a keen eye for business opportunities and a strong desire to make a positive impact on his community. He started his entrepreneurial journey at a young age and has since become a highly successful and well-respected figure in the Nigerian business world.
Gaius passion for business was evident from an early age, as he was always looking for ways to make money and create opportunities for himself. He started his first business while still in secondary school, and it was clear from the beginning that he had a natural talent for entrepreneurship. After completing his education, Gaius fully dedicated himself to building his career and making his mark in the business world.
One of Gaius most notable ventures is GistsNaija, a leading Nigerian entertainment and news website that he founded in 2016. GistsNaija has grown to become one of the most popular and trusted websites in Nigeria, attracting millions of visitors each month. The platform provides a wide range of content, including Movies, music, news, and entertainment, and has become a go-to source for many Nigerians seeking the latest updates and information.
In addition to GistsNaija, Gaius has also ventured into other business areas, including Tech and real estate. His keen eye for spotting emerging trends and his ability to connect with his target audience have been key to his success in these ventures. Gaius has demonstrated an impressive understanding of consumer behavior and market dynamics, allowing him to build thriving businesses that meet the needs and desires of his customers.
on 21 August, 2024 | 
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