Audio By Carbonatix
Nigeria's President has apologised for the hardships caused by recent fuel shortages and the power cuts that followed this week's collapse of the national grid which left the entire country without state-supplied electricity for hours.
The West African nation already generates too little electricity to supply its population of 200 million, generally hovering at around 4,000 megawatts a day.
Nigeria may be Africa's largest oil producer, yet its oil refineries are not working to capacity, so crude oil is exported and refined products imported.
Imported fuel became scarce last month after measures were taken to quarantine millions of litres of adulterated fuel already in the market because the methanol-blended petrol had begun to damage vehicles.
The shortage is the worst since President Muhammadu Buhari came to power nearly seven years ago, and the government is being severely criticised for not doing enough to address the problem.
Mr Buhari said his government was working around the clock with the sector to increase the supply of fuel - and directed the petroleum ministry, the state-owned oil company NNPC and security agencies to take "strong actions’" against owners of petrol stations and officials at depots who are "not behaving properly" - a reference to those involved in corruption.
Petrol prices have more than tripled on the black market and only a few petrol stations are selling fuel, leading to major disruption to road, air and rail transport.
When it came to the electricity supply, the President said a number of factors were to blame - technical problems at thermal stations, gas pipelines to power stations being vandalised and a dip in hydroelectric generation because of "seasonal pressures" on dams.
Latest Stories
-
Prince-Osei Owusu nominated for MLS All-Star Game after Montreal Player of the Month award
55 minutes -
AFCON U-17: Black Starlets beat South Africa 3-1 but await CAF draw of lots to determine fate
1 hour -
Spain midfielder Fermin Lopez ruled out of World Cup
4 hours -
Major-minor nations split in World Cup qualifying
4 hours -
Players to cut short French Open interviews in pay row
4 hours -
NATARAJ Art competition inspires young creativity in Ghana
4 hours -
Empty rooms and FIFA cancellations – US hotels fear World Cup washout
4 hours -
Prince William celebrates ‘amazing night’ as Villa fans party
4 hours -
Ebola vaccine could take nine months as death toll rises further, WHO warns
4 hours -
Money can be traced in GIIF ‘Sky Train’ case – Kow Essuman fires back at Deputy AG
4 hours -
25/26 UEFA Europa League: Unai Emery leads Aston Villa to first European trophy in 44 years
4 hours -
Southampton lose appeal against play-off expulsion
5 hours -
SkySat Technologies, Konica Minolta launch VIP Experience in Accra
5 hours -
Africa’s capital must power digital innovation and infrastructure – KGL Group Chair
5 hours -
Policy rate cuts won’t spur growth without cheaper bank loans – Economist
5 hours