Finweek English Edition - - IN BRIEF -

The l ast week of t he Jonathan ad­min­is­tra­tion s aw Nige­ria i n the teeth of a fuel cri­sis so se­vere that air­lines and tele­coms couldn’t guar­an­tee ser vice, while driv­ers turned to black mar­ket petrol af­ter f i l l i ng sta­tions shut t heir doors be­cause of the sup­ply crunch. The prob­lems were blamed on a dis­pute be­tween the pre­vi­ous gov­ern­ment and fuel mar­keters.

Ex­pect Buhari to re­solve any lin­ger­ing dis­pute and make longert­erm moves to en­sure t his can’t hap­pen again, though given Nige­ria’s dwin­dling cash re­serves, this may i nvolve chang­ing t he countr y ’s bor­row­ing agree­ments for the year. and the depart­ment of petroleum re­sources are es­pe­cially cru­cial.

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