As the scarcity of petroleum products worsens in Nigeria, many businesses have been crippled while residents have resigned to fate.
The lingering crisis in the supply of all petroleum products is fueled by the uncertain political climate to be ushered in by the General Muhammadu Buhari-led administration set to be inaugurated on Friday, May 29, 2015 .
One of the biggest banks in the country, Guarantee Trust Bank, GTB, has announced that all their branches would close by 1pm which becomes effective as from Monday, May 25, 2015 against the usual 5pm closing hour.
The bank took to their official Twitter page on Sunday, May 24, 2015 to announce the development which they attributed to a failure to obtain and supply diesel to their various branches spread across the nation.
Our branches will close at 1pm from tomorrow. Apologies for the inconvenience. Pls tell someone and RT. pic.twitter.com/O0Edkpqqr2
— Guaranty Trust (@gtbank) May 24, 2015
This is coming just a day after multinational telecommunications company, MTN, announced that it would shut down operations across the nation if they failed to get diesel withing 24 hours.
Most fuel stations in Lagos State have been under lock and key ever since the inception of the crisis while the few that sold the product sold it four times higher than the normal pump price of N87 which the federal government ordered few months ago.
As part of proactive measure to calm the situation, the Chief Executive Officer of Capital Oil and Gas Limited, Ifeanyi Ubah, who was also the president of the Transformation Ambassadors of Nigeria, TAN, has promised to provide 13 million liters of the product.
