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The federal government has approved the immediate payment of N407 billion subsidy money to fuel importers, Marshall Gundu, a spokesman for the Ministry of Finance said on Wednesday.
He added:“The president has directed that payments be made immediately in order to bring to a quick end the lingering fuel crisis,” said Gundu.
Despite the fact that the NNPC claimed that it had enough fuel in the country, there had been fuel scarcity in the country for weeks with long queues in filling stations all over the country and some of them selling at prices far above the official N87 per litre.
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