Thursday 23 April 2015

INDEBTEDNESS: OIL MARKETERS WARN OKONJO-IWEALA OF FUEL SCARCITY

Ngozi Okonjo-IwealaMajor oil marketers have warned that fuel scarcity may linger for a while as the federal government has not paid what it owes marketers who imported fuel into the country.

Oil marketers under the auspices of Major Oil Marketers Association of Nigeria (MOMAN) have decried the government’s inability to disburse the outstanding payments due to its members for the import of Premium Motor Spirit (PMS) under the Petroleum Subsidy Fund Scheme (the “Scheme”).

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