“In three weeks we will be back to scarcity because we simply don’t have the money to pay for the subsidy,” Austin Avuru, chief executive officer of Lagos-based Seplat, said last week at a Bloomberg conference at the Nigerian Stock Exchange.
Nigeria's economic activities was almost grounded to a halt last month during the country’s worst fuel shortage in a decade due to a dispute between oil-product marketers and the outgoing government.
However, the nation's refineries are scheduled to commence operations before the end of next month.
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