Nigeria's finance minister and coordinator of the economy, Dr Ngozi Okonjo-Iweala says over a billion litres of petrol are currently being supplied, to ease the fuel scarcity being experienced across the country.
Speaking to the press at a joint briefing with Petroleum markers, NNPC, DMO and the Central bank of Nigeria Governor, in Abuja, Okonjo-Iweala said efforts have been intensified by the concern parties to ensure that before the weekend Nigerians will have enough supply of fuel. She however debunked the claims that scarcity was as a result of the unpaid subsidy as being speculated in some quarters.
Speaking further the Executive Secretaries of the Major oil marketers association of Nigeria, Obafemi Olowore, and Olufemi Adewole of the Depot and Petroleum Products Marketers Association, assured Nigerians of the availability of the product before Friday as the scarcity is already easing off in Lagos.
The Debt Management Office (DMO) had been instructed to issue Sovereign Debt Notes (SDNs) to cover N100 billion out of the N185 billion agreed upon as balance for the next payments and that the CBN had also given approvals for the banks to issue letters of credit.
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