The on-going Fuel scarcity came as a result of the dispute between government, fuel marketers and transporters over unpaid bills of $1 billion since October 2014. After all the problems caused, It seems everybody has finally come to an agreement.
According to Magnus Abe, the chairman of the senate committee on petroleum resources, informed press that a solution to fuel crisis has just been worked out during the meeting of MOMAN representatives, major stakeholders in the oil and gas sector, senate committee on petroleum resources, and Ngozi Okonjo-Iweala, minister of finance.
Also the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) have suspended their industrial strike action.
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