The Federal Government on Wednesday
approved the immediate payment of N407bn owed fuel importers under the subsidy
scheme.
Revealing this on Wednesday,
spokesperson of the Ministry of Finance, Marshall Gundu said the Minister of
Finance, Kemi Adeosun, has approved the payment of N407 billion for “subsidy
claims to oil marketers.”
Gundu added, “The president has
directed that payments be made immediately in order to bring to a quick end the
lingering fuel crisis.”
Fears of a fuel scarcity prompted
Nigerians to resort to panic-buying in the last few weeks, forming long queues
at petrol stations in major cities.
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