Fuel scarcity looming?

Fuel Queues

As a result of the failure of the Federal Government to pay the N200 billion subsidy money owed them, fuel Marketers in Nigeria have refused to embrace their Q3 import allocation quotas. Some weeks ago, the Coordinating Minister of the Economy, Ngozi Okonjo Iweala stopped subsidy payments pending proper investigation of suspected corrupt practices.
Because of this, the oil marketers said, they cannot access funds from banks. This information came in a jointly written letter by the marketers’ major associations to the Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Mr. Reginald Stanley.

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