To sustain the supply of PMS in the country, the Nigerian Midstream and Downstream Petroleum Regulatory Authority have stated that it has paid over N22 billion as part of the backlog owed to petroleum products transporters in the country.
According to the Authority Chief Executive, NMDPRA, Farouk Ahmed, there are plans to pay another N30 billion this week to the petroleum products transporters.
The debt to petroleum product marketers had skyrocketed in the past three months following the scrapping of the Petroleum Equalisation Fund Board,
– The Guardian