The Nigerian Employers’ Consultative Association (NECA) has called for urgent coordinated action and strategic interventions to effectively address the fuel scarcity presently being faced by Nigerians. “Like a sore that has refused to heal, the recurrent issue of fuel scarcity has reared up its ugly head again, notwithstanding the removal of fuel subsidy. “The fuel subsidy removal, among other things, was supposed to liberalise the market and ensure the free flow of the product. The ongoing scarcity, with attendant loss of productive man hours as a result of endless hours spent at filling stations, defies logic,” the association stated. “Idle capacity will eventually trigger low production and profit, leading to retrenchment or layoffs of workers,” the association added.

Source: Nigerian Tribune May 06, 2024 15:17 UTC