Nigeria’s petrol supply at risk due to $6bn debt and high forex rates, IPMAN warns of a potential extended shortage

The outlook for resolving Nigeria's petrol shortage is growing increasingly grim due to mounting difficulties faced by the Federal Government. A massive $6 billion debt to petrol suppliers and a severe liquidity crisis are severely limiting the government's ability to import petrol. Compounding the issue, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has reported ...