Lingering queues in petrol stations nationwide, coupled with arbitrary increase in the price of fuel, are symptoms of the abnormality in the Nigerian downstream sector.
Evidently, the threat of sanctions by the government regulatory agencies, or even the sanctions reportedly meted to some fuel marketers, are unlikely to resolve the problem. And it does appear that a workable solution to the subsidy issue may not materialise quickly, due to obvious official difficulty in taking such fundamental decisions. While there is a consensus that government should sooner than later take a position, there is no doubt that immediate, short-term and long-term measures are required to end the impasse.
Nigeria Gists 