...towards a better life for the people
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VOL. 25: NO. 62348
N150
TUESDAY, MARCH 3, 2015
Dangote remains Africa's richest man 9
Fuel scarcity gets worse nationwide •Banks refuse marketers Letters of Credit •FG owes additional N6.5bn from pump price reduction •NNPC releases 58 million litres to Lagos •DPR identifies 3 million litres shortfall in lifting 51 •PDP accuses APC of sabotage
nside See I
INEC supports use of military for 52 elections
ONLINE | www.vanguardngr.com
By Clara Nwachukwu & Michael Eboh
A
BUJA—AS fuel scarcity bites harder nationwide, fresh facts emerged, yesterday, indicating that a combination of policies from Nigeria’s Central Bank and the high level of indebtedness of product marketers to some banks led to the low supply of Premium Motor Spirit PMS (petrol). Because of the high level of indebtedness of Continues on page 5
COLUMNISTS: Why Nigerians must reject the second coming •P.17 of Buhari
Politicking with National Security •P.35
Mr & Mrs FUEL SCARCITY— Motorists queuing for fuel in Abuja, yesterday. Inset: Group Managing Director, NNPC, Dr Joseph Dawha (R), briefing newsmen during an assessment visit to Total Filling Station, Herbert Macauley Way, Abuja. Left is the station's dealer, Mr Francis Sule. Photos: Gbemiga Olamikan.
Troops liberate Nigeria's economic growth 30 communities rate points in Yobe, kill 73 downwards —Bloomberg 9 terrorists 8 C M Y K
3,000 displaced from Ogodobiri community See Inside cry for help