Wednesday 29 April 2015

FG to pay oil marketers N156bn on Thursday

The Federal Government on Wednesday expressed concern over the fuel scarcity being witnessed in some parts of the country, stating that oil marketers would on Thursday receive the sum of N156bn as payment for fuel subsidy.

The Minister of Finance, Dr Ngozi Okonjo-Iweala, stated this while speaking during an interview with journalists shortly after declaring open the 20th conference of Directors General of Customs of the World Customs Organisation.
The minister while sympathising with Nigerians whose lives are being disrupted by queues, said the government is working hard to end the scarcity within the shortest time possible.
She said despite the revenue challenges facing the government, the issue of fuel subsidy payments to oil marketers had always been prioritised by the Federal Government.

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