(MENAFN- The Journal Of Turkish Weekly) Nigeria's major oil marketers have struck a deal with the government to begin releasing fuel within the "next six hours" € a measure that could ease biting fuel scarcity across Africa's largest oil exporter.
"The major oil marketers association of Nigeria (MOMAN) has agreed to begin lifting fuel in the next six hours," Magnus Abe, a spokesman for the Nigerian Senate € which recently met with various stakeholders in the oil sector € told reporters in Abuja.
Abe said the meeting had resolved to open fuel depots € that had been shut earlier € for immediate supplying and distribution of fuel.
The government's department of petroleum resources, meanwhile, has been given a mandate to shut down any depot that refuses to comply.
"The Nigerian National Petroleum Corporation (NNPC) had also directed all relevant staff working in the various depots across the country to work 24 hours, including Saturday and Sunday, for the next two weeks until normalcy returns to the sector," he added.
Abe said that various striking unions in the oil sector had also announced the immediate suspension of activity with a view to easing the crisis, which has seen many big businesses € including banks and telecoms firms € shut down within the last 48 hours.
Several businesses have gone under recently due to the chronic lack of fuel, with a liter of oil now going for as much as 500 naira on the black market instead of the official price of 87 naira per liter.
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