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Alert: N100Billion Subsidy Debt May Cause Another Scarcity Of Petrol

  The country may soon be thrown into another round of petrol scarcity if the Federal Government does not pay the N100bn subsidy arrears it owes major and independent marketers responsible for 67 per cent of fuel imports into the country. As a result, the oil marketers have cried out about their inability to continue […]

 

The country may soon be thrown into another round of petrol scarcity if the Federal Government does not pay the N100bn subsidy arrears it owes major and independent marketers responsible for 67 per cent of fuel imports into the country.

As a result, the oil marketers have cried out about their inability to continue to import petrol into the country due to non-payment of the N100bn subsidy claims meant for the first and second quarters of this year.

N100bn subsidy debt threatens petrol supply





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