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Nairametrics

Alert: N100Billion Subsidy Debt May Cause Another Scarcity Of Petrol

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 7, 2013
in Uncategorized
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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.

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Tags: debtNews Reviewsubsidy
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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