FG pays N407bn subsidy claims to end fuel crisis.

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President Muhammadu Buhari has approved payment of N407,076,805,386.30 subsidy claims to oil marketers to end the lingering fuel crisis.
Minister of Finance, Kemi Adeosun stated that the President directed immediate payments and assured that despite dwindling revenues, the government is committed to ensuring continuous availability of fuel to Nigerians.
The payments include arrears from the 2014 financial year as well as payments for the current year. It is expected that the recipients would ensure adequate supply of fuel to end the persistent fuel shortage in the nation.
With this action which shows that government is fully committed to meeting its financial obligations in respect of fuel subsidy, the Minister further implored the major oil marketers to reciprocate the action by doing all they can to bring the fuel scarcity to an end.

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