Lagos - The inability of the federal government to pay a backlog of subsidy payments to oil marketers put at almost N250 billion is threatening importation of fuel for the second quarter.
The marketers have threatened not to bring in their cargoes if the current outstanding fuel subsidy payments are not paid, reports Peoples Daily.
They have already expressed worries, noting that if the claims are not settled, it may result in another round of fuel scarcity in the country
The inability of government to pay the marketers has also denied them access to fresh loans as banks are reluctant to give them fresh loans due to their failure to settle outstanding debts.
Read more at Peoples Daily.
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