Despite the billions of naira paid by the federal government to oil marketers, the president of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), Comrade Igwe Achese, has disclosed that scarcity of fuel would persist if the refineries are not put in proper shape.
This comes as the coordinating minister of the economy and minister of finance, Dr Ngozi Okonjo-Iweala, said yesterday that the federal government had released N156 billion for payment to oil
marketers, leaving a balance of N98 billion certified by PPPRA as the amount owed them.
The N156 billion is the latest in a series of significant payments made to the oil marketers within the last five months. These include over N300 billion in two instalments in December last year and N31 billion in interest differentials recently. In all, oil marketers have received over N500 billion within the past five months.
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