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See How People Struggled To Buy Petrol In 1975 Due To Fuel Scarcity (Throwback Video, Photos)
Fuel scarcity is not new to Nigerians, we are used to it as a child knows his/her toys. Fuel scarcity happens when maybe when the fuel marketers decided to go on a strike, increase in pump price, non-availability or shortage of PMS among others.
According to a viral video that was trending on the social, it predates as far as 1975 even during the military regime.
The video shows a long queue in the city of Lagos where people are struggling to buy fuel for the cars, motorcycles and also into their jerry cans. The reason for the scarcity was due to the fact that the former head of state, Yakubu Gowon increase the fuel price 6 kobo to 8.45 kobo that is 2.45 kobo increase.
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With a maximum crude oil production capacity of 2.5 million barrels per day, Nigeria ranks has Africa’s largest producer of oil and the sixth-largest oil-producing country in the world. Nigeria appears to have a greater potential for gas than oil. Nigeria’s gas production in the year 2000 was approximately 1,681.66 billion scf, 1,3715 billion scf was associated with gas and the rest 310.16 billion was non associated gas.
NNPC through its subsidiary the Nigerian Petroleum Development Company (NPDC) is directly responsible for four oil and gas fields with a total production of 15,000 bpd.
See some of the visuals and below…
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