The Business NG - The BusinessNG

In this issue

Editorial Focus
The return of fuel queues across Nigerian cities underscores once again the fragility of the country’s energy security and the dangers of prolonged industrial disputes in a sector that drives every facet of the economy. The collapse of negotiations between the Federal Government, Dangote Refinery, and PENGASSAN—triggered by mass sack allegations—has not only disrupted refinery operations but also paralyzed key regulatory agencies.
The ripple effects were immediate: pump prices climbed from N890 to over N920 per litre in Abuja, with similar hikes and panic buying reported in Lagos and other states. For households and businesses already stretched by inflation and weak purchasing power, this escalation deepens uncertainty and erodes confidence in the much-celebrated promise of local refining.
Government cannot afford to allow labor disputes to spiral into national crises. Both sides must urgently return to the table, prioritizing transparency, fairness, and the broader economic interest. At stake is not just industrial harmony but the credibility of Nigeria’s energy reforms and the stability of its fragile economy.
Resolving this impasse is not optional—it is imperative.