Nigeria to Pay $2.1 Billion in Subsidies to End Fuel Shortages
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Nigeria’s government will immediately pay overdue subsidies of 407 billion naira ($2.06 billion) to fuel marketers to end shortages at gasoline pumps, the finance ministry said.
President Muhammadu Buhari directed Finance Minister Kemi Adeosun to pay the subsidies “to bring to a quick end to the lingering fuel crisis which has caused great suffering to Nigerian families and businesses,” Marshall Gundu, an Abuja-based spokesman for the ministry, said in an e-mailed statement on Wednesday.