LAGOS—The crippling strike embarked upon by oil marketers and other industry stakeholders since May 16, was called off, yesterday, as the marketers commenced full lifting of petroleum products nationwide. While the strike lasted, socio-economic activities in the country were paralysed.
By this move, the contentious outstanding subsidy claims of over N200 billion will now be inherited by the incoming administration of Gen. Muhammadu Buhari, which will form part of his briefing notes.
The development followed the intervention of the Senate, during a public hearing organised by the Joint Senate Committee on Petroleum Resources (Upstream and Downstream), held yesterday, in Abuja.
While the hearing was ongoing, Capital Oil and Gas Industries Limited, which on Sunday broke ranks with marketers and depot operators by releasing 13 million litres of fuel, also promised to release additional 19 million litres to ensure that Nigerians are completely free of the pain being experienced on account of the scarcity.
At the hearing, petroleum marketers agreed to fully mobilize their members for immediate distribution of fuel across the country within six hours, promising that any of their members who remained adamant would be sanctioned.
Legislative investigation
Recall that the Senate had last week, through a motion moved by the Deputy Senate Leader, Abdul Ningi, ordered its committees on Petroleum Resources ( Upstream and Downstream), to investigate the reasons for the lingering fuel scarcity in the country over the past one month and about two months in the Federal Capital Territory, Abuja.
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