FG Approves N407b Fuel Subsidy Claims

The Federal Government has officially approved the payment of the N407 billion owed to fuel marketers, Reuters reports. Federal Minister of Finance, Kemi Adeosun, in a statement, cited that the payment was being made following a directive from President Muhammadu Buhari on immediate payment. The payment notably includes arrears in payment from 2014 as well as the current fiscal year, with marketers expected to ensure an end to the lingering long queues caused by panic-buying at fuel stations nationwide. This is hoped to bring an end to the country’s fuel crisis that has lasted for a month.     Source: Reuters (Yahoo)    

---

You might also like:

• The CBN’s Plan To Redesign The Naira: 6 Facts You Should Know
• BREAKING: CBN To Redesign the Naira Notes
• Buhari Signs Startup Bill: What It Means
• Nigerian-Born Kemi Badenoch Nominated To Succeed Boris Johnson As UK’s Prime Minister

This article was first published on 10th December 2015

---

---

Comments (0)