In order to prevent current fuel scarcity, The Federal Government, yesterday, said it would pay MOWAN N156 billion, out of the about N256.2 billion the marketers claim is owed to them in subsidy claims.
Minister of Finance, Mrs. Ngozi Okonjo-Iweala made this statement at the World Customs Day event held in Abuja yesterday, expressed optimism that the payment, which is expected to be made today, will help address the current fuel scarcity plaguing the country. According to her, the Federal Government is committed to ending the fuel scarcity within the shortest time and that despite the revenue challenges facing the government, the issue of fuel subsidy payments to oil marketers remain a huge priority.