- The Federal Government has agreed to pay outstanding subsidy-related debt to oil product importers, Reuters reports.
- “They agreed to pay the remaining balance last week. Nothing has come yet but maybe this or next week. It’s 159 billion naira” ($800 million), Yakubu Suleiman, spokesman for the Independent Petroleum Marketers Association of Nigeria, said.
- He said he was present at a meeting last Thursday with the permanent secretaries of finance, oil and the state agency regulating the costly subsidy scheme for gasoline and diesel.
- The presidency did not immediately respond to a request for comment.
- Source Reuters
