Home News Fuel Scarcity May Ease as Jonathan Approves Payment of N156billion to Marketers

Fuel Scarcity May Ease as Jonathan Approves Payment of N156billion to Marketers

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By Ibidapo Balogun

The raging fuel scarcity across the country may ease from today (Thursday) as President Goodluck Jonathan has approved the payment of the debt owed oil marketers in the country.

Fuel scarcity has hit major cities across the country particularly, Lagos, Abuja and other cities as the oil marketers have refused to lift oil until the government pays the arrears of subsidy claims owing them.

On Wednesday night, Finance Minister, Mrs. Ngozi Okonjo-Iweala, said government had approved the sum of N156 billion for the marketers and that the money would be paid to them today (Thursday).

She said the payment was approved to alleviate the suffering of the Nigerian masses.

But the oil marketers claimed they were being owed N256 billion.

Fuel scarcity has hit the major cities in the last three days resulting in long queues in few filling stations that have petrol and destroying commercial activities in the areas.

Following the development, brisk businesses have started by those who have access to the petrol.

For instance, in some parts of Lagos, a litre of petrol was selling for as high as N300 while in some other areas it is even higher.

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