FG set to pay oil marketers N156bn on Thursday, April 30, 2015, to end the on going fuel scarcity in the country.
Minister of Finance, Ngozi Okonjo-Iweala disclosed this on Wednesday, April 29, 2015 during an interview with journalists.
Okonjo said “On the issue of oil marketers, we have really been working with them and we have been dialoguing with them all along. We’ve paid N350bn in December, we paid them N31bn in foreign exchange differentials and by tomorrow (Thursday) we will be paying them N100bn for which we had earlier given them IOUs for as well as their interest rate differentials of N56bn,”
Okonjo also said “So, I am about to go and sign, to get that paid and I think that Nigerians can see that the government is making maximum effort to accommodate the oil marketers. They are also Nigerians, and they need to also cooperate with us,”