FG pays oil marketers N156bn, but fuel scarcity persists

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*Marketers get N500 billion cumulatively since December, wait for bank alerts before importing fuel

Ngozi Okonjo-Iweala, Finance Minister
Nigeria’s Federal Government on Thursday said it had paid N156 billion debt to oil marketers in line with its commitment to prioritise payments in spite of revenue constraints, as fuel scarcity continues to bite in the major cities in the country.
Special Adviser to the Minister of Finance, Mr Paul Nwabuikwu, said in Abuja on Thursday that the payment had two components, comprising `I owe you’ (IOU), given in March and interest on payment.
“The first consists of the cash backing of the N100 billion …Read More

Source:: PM Newspaper