Fuel scarcity looms over N256.2bn debt

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Nigeria may be heading for another fuel scarcity as the Major Marketers Association of Nigeria, MOMAN, has threatened to stop importation due to government’s inability to pay N256.2 billion debt.
The Executive Secretary of MOMAN, Obafemi Olawore, while briefing journalists in Lagos said that the Association may not be able to import petroleum products again as a result of the debt.
“MOMAN is finding it difficult to continue its operations. The debts are rising. MOMAN is fed up with stock today, no product tomorrow. Soon we may have to rely on NNPC for supplies. This could be a problem because NNPC …Read More

Source:: New Mail