#10:. FUEL CRISIS AS GOOD BUSINESS TIME FOR SOME NIGERIANS
Fuel crisis, like break out of war, is the perfect time for good business for some Nigerians, who thrive in crisis situations, and would do everything to sustain the crisis.
The belief of such people is that if they do not create a desperate situation through fuel scarcity, they might be deprived the opportunity to make extra profits from the crisis that would ensue.
In the recent past, there were some Nigerians who amassed stupendous wealth from the murky waters of the fuel subsidy scam.
Most of those marketers who have tasted the allure of the subsidy wealth have reinvested their loots in strategic downstream oil industry facilities like tank farms, depots and transportation facilities, and developed capacities to dictate to even the NNPC the direction the fuel supply issue should go.
At will, such corrupt private individuals are the ones holding the government to ransom by cutting deals that are inimical to the collective interest of Nigerians.
#11:. PAY BACK TIME BY MARKETERS
The bulk of the marketers that enjoyed the subsidy fraud find the present administration’s determination to stop that arrangement an affront to their selfish interest.
For refusing to pay arrears of their subsidy claims, as was usually the case under the immediate past administration, the marketers would stop at nothing to frustrate government efforts, and have found the current fuel crisis the best time to get back at government.
In the face of foreign exchange scarcity, the NNPC was made to become the sole importer of petroleum products, to the exclusion of the independent marketers, which have the bulk of the fuel storage and distribution facilities.
Even when government negotiated with the upstream multinational companies for a $200 million foreign exchange buffer for their downstream affiliates over the next one year, the independent marketers were not involved.
That is why the recently invitation by the minister for the independent marketers to join hands with the government and other marketers to ensure adequate fuel supply has not been attractive to some operators.
Some of the marketers who responded are said to be cutting deals with some fuel importers on the high seas by delaying their import schedules to bring in products beyond the normal time, in a bid to attract costs that would make payment of subsidy inevitable.