Nigerian National Petroleum Corporation (NNPC) has announced that the Federal Government has approved the payment of 413 billion naira ($2.1 billion) to oil marketers as outstanding payment for fuel subsidy claims.
NNPC hoped that the payment would ginger the marketers up and help to ensure that the country “remains wet with petroleum products all year round.”
The government had not announced a payment to oil marketers in Africa’s biggest crude producer since July. [myad]
