Nigeria will probably be hit by fuel shortages in three weeks as the
government doesn’t have enough money to pay for gasoline subsidies,
according to the head of Seplat Petroleum Development Co Plc.
“In three weeks we will be back to scarcity because we simply don’t have
the money to pay for the subsidy,” Austin Avuru, chief executive officer
of Lagos-based Seplat, said on Thursday at a Bloomberg conference at the
Nigerian Stock Exchange.
Nigeria almost ground to a halt last month during the country’s worst fuel
shortage in a decade due to a dispute between oil-product marketers and
the outgoing government. The shortage left service stations closed,
aircraft grounded, and businesses unable to operate.
A lack of oil refining capacity means Nigeria subsidizes gasoline imports
and suffers frequent fuel shortages even though it’s Africa’s biggest
crude producer of about 2 million barrels a day. President Muhammadu
Buhari, who took office on May 29, said this week his government is facing
severe financial strain from a Treasury that’s “virtually empty” and
billions of dollars in debt.
EdemAya, a community so rich in mineral resources, and one of the five clans that make up the present day Ikot Abasi Local Government Area of Akwa Ibom State, Nigeria is hosting the world on the 29 th of March 2013. As we gathered from the head of the organizing group, Miss Precious Dominic Akpan, the event is scheduled to take place at the Cooperative Hall, Ikot Ubo Akama, Edemaya in Ikot Abasi, Akwa Ibom State. Three beauties are to emerge from the event which promises to be the first ever organized pageant. The Eligibility Form which are currently on sale for a token of N 2,000 will qualify the contestants to struggle for Miss EdemAya, Miss Democracy of EdemAya and Miss Culture & Tourism of EdemAya. The screening and training of the contestants commences on 25 th through 28 th of March 2013. We have been reliably informed that the event will parade ‘who is who’ in the music industry in Akwa Ibom State and a popular reggae artist from Delta State. Imagine the sque...
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