L
LequteMan
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Nigeria - Minister of Finance, Mrs. Ngozi Okonjo-Iweala yesterday said the Federal government would pay oil marketers N156 billion, out of the about N256 billion the marketers claimed they are being owed.
According to Vanguard, she expressed optimism that the payment will help address the perennial fuel scarcity.
She says FG is committed to ending the fuel scarcity the shortest time and that despite the revenue challenges facing the government, the issue of fuel subsidy payments to oil marketers remain a priority.
“We have been engaging oil marketers over the scarcity issue. We paid them N350 billion and N31 billion in the foreign exchange differential in December.
“Tomorrow (today), we will be paying them N100 billion for which we had earlier given them IOUs, and interest rate differentials of N56 billion.”
#Nigeria #Fuel #Petrol
According to Vanguard, she expressed optimism that the payment will help address the perennial fuel scarcity.
She says FG is committed to ending the fuel scarcity the shortest time and that despite the revenue challenges facing the government, the issue of fuel subsidy payments to oil marketers remain a priority.
“We have been engaging oil marketers over the scarcity issue. We paid them N350 billion and N31 billion in the foreign exchange differential in December.
“Tomorrow (today), we will be paying them N100 billion for which we had earlier given them IOUs, and interest rate differentials of N56 billion.”
#Nigeria #Fuel #Petrol