The Nigerian National Petroleum Corporation has alerted President Goodluck Jonathan to a looming acute fuel shortage if the Federal Government fails to pay N1.3trn subsidy owed to it (NNPC).
The NNPC top management, led by the Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, and the corporation’s Group Managing Director, Mr. Andrew Yakubu, reportedly made this known to Jonathan at a recent meeting.
The team told the President that the Minister of Finance, Mrs. Ngozi Okonjo-Iweala, had failed to pay the debt.
At the meeting, the corporation was said to have hinged its capacity to continue the importation of fuel on the payment of the debt which had accumulated over the months.
The NNPC, told the President that fuel might disappear from filling stations across the country if government failed to pay the debt. This is in addition to the fear that the N971bn subsidy provision in the 2013 budget is seen as grossly inadequate.
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http://naijaxplorer..com/2012/11/unpaid-subsidy-diezani-nnpc-report.html