FG approves N407 Billion for Fuel Subsidy

It appears the lingering fuel scarcity will soon come to an end as the Federal government has approved the release of N407.07 billion as subsidy payment to oil marketers. A statement from the Minister of Finance Kemi Adeosun released today, states that the money will be used to pay up subsidy arrears as well as pay up subsidy for the year 2015.