FG Suspends Payment On Fuel Subsidy

[This Day]

Barely two weeks after the Debt Management Office (DMO) commenced the release of N17 billion in Sovereign Debt Notes to oil marketers for the payment of 2012 fuel subsidy claims from the Petroleum Support Fund, the Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, has suspended all further payments.