Thursday, July 9, 2026

Fuel scarcity hampering businesses in Nigeria: ACCI

The leader of the Organised Private Sector in Abuja called on NNPCL to expedite the distribution of petroleum products across the country.

• May 2, 2024
Queue at filling station
Queue at filling station used to illustrate the story

The Abuja Chamber of Commerce and Industry (ACCI) says the persistent fuel scarcity is hampering the ease of doing business in the country.

The ACCI president, Emeka Obegolu, stated this in a statement on Thursday, calling on the federal government to resolve the challenge urgently.

“The fuel shortage has made it more expensive for people and businesses to transport goods and conduct transactions, frustrating the ease of doing business. The current fuel scarcity is hurting businesses and hampering economic activities. We urge the government to address the root causes of this problem as a matter of priority,” Mr Obegolu said.

Mr Obegolu said the scarcity caused unpatriotic citizens to increase fuel prices in some parts of the country, consequently increasing transportation fares and logistics costs.

He hoped the upcoming Dangote refinery and other new refineries would help eliminate this ugly trend and make Nigeria self-sufficient and less reliant on fuel imports.

The leader of the Organised Private Sector in Abuja called on NNPCL to expedite the distribution of petroleum products across the country.

According to him, the product’s availability will ease speculations and reduce the hardship Nigerians are facing due to the fuel shortage.

“ACCI, as the leading voice of the private sector in FCT, will continue to be at the forefront of advocating for policies and interventions that support the growth and development of businesses,” Mr Obegolu said.

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Defence minister Christopher Musa

Hot news Home top

Officers who wait for orders to kill terrorists will be treated as bandits: Defence Minister

Defence Minister Christopher Musa says security personnel do not need to wait for an order before engaging armed bandits or terrorists.

House of Representatives,

Heading 3

Reps urge Tinubu to act as Nigerians paid N2.23 trillion ransom to kidnappers

The House emphasised the need to strengthen financial intelligence and collaboration among relevant security.

Nigerian Upstream Petroleum Regulatory Commission [NUPRC]

NationWide

2024 Bid Round: NUPRC hands petroleum prospecting licences to 12 firms

NUPRC said the exercise marked another milestone in efforts to attract fresh investment into the upstream petroleum industry.

African Democratic Party (ADC)

Hot news Home top

ADC bars state chapters from receiving court processes, engaging lawyers

Mr Abdullahi said the party received reports that court processes relating to the ADC were being served on state chapters across the country.

Rainfall

Heading 4

NiMet predicts three-day cloudy, rainy atmosphere from Thursday

According to NiMet, strong winds may precede rain in areas where thunderstorms are likely.

Census

Heading 1

Stop guessing Nigeria’s population, UN tells FG

Ms Mafico reaffirmed UNFPA’s support for Nigeria’s next population and housing census.