Nigeria’s fuel shortage and a month-long power blackout have converged into a perfect storm scenario, paralysing the economy of Africa’s most populous country, causing social anxiety and raising questions about the country’s self-sufficiency in a resource it produces.
As the sixth world crude oil producer, with significant chunk of gas reserves, Nigeria has been struggling to provide sufficient and affordable energy to citizens for almost two decades now. And with international oil market reaction to the Russian invasion of Ukraine, images of fuel stations with long queues facing empty pumps have become the order of the day.
