Fuel scarcity/shortage in Nigeria increases by the day.

Nigeria faces fuel scarcity  because of some unpaid bills. Nigeria, Africa’s largest economy, is on the verge of total shutdown due to a widespread and worsening scarcity of petroleum products. The scarcity,a result of strikes by fuel marketers and transporters, has intensified in the last two weeks as black market prices across the country have sky rocketed past the government-approved N87 ($0.44) per litre price. Even though Nigeria is Africa’s largest oil producer, it has to import refined petroleum products due to a lack of local refineries. The scarcity has resulted in a number of high profile companies shutting down or curtailing operations as radio stations, telecommunications companies e.t.c.
      We did not want to create the impression of conflict with the incoming administration and people. We will take up issue with the new government when they arrive. Nigeria is an oil-producing nation but has to import fuel because it doesn't have the capacity to refine enough of its own fuel to serve the population.