Nigeria’s Fuel Crisis: ‘Deal Reached with Government’

Nigeria’s Fuel Crisis: ‘Deal Reached with Government’

A man carries empty containers to buy fuel at a petrol station in Abuja, Nigeria, Tuesday, May 26, 2015. Nigeria's outgoing government has agreed to pay a debt of $800 million to resolve a months-long fuel crisis crippling the economy days before the inauguration of a new president in the country, oil suppliers said Wednesday. (AP Photo/Sunday Alamba)
A man carries empty containers to buy fuel at a petrol station in Abuja, Nigeria, Tuesday, May 26, 2015. Nigeria’s outgoing government has agreed to pay a debt of $800 million to resolve a months-long fuel crisis crippling the economy days before the inauguration of a new president in the country, oil suppliers said Wednesday. (AP Photo/Sunday Alamba)

(BBC) – Nigeria’s fuel wholesalers say they have reached a deal with the government that should soon see the end of the crippling fuel crisis.

The agreement was reached after talks with the finance minister, Danladi Fasali from the Independent Petroleum Marketers Association told the BBC.

The wholesalers had stopped distributing fuel after alleging the government owed them $1bn (£625m).

The shortage has had an impact on the country’s aviation and banking sectors.

The party of President-elect Muhammadu Buhari, who is due to take office on Friday, had accused the outgoing government of “sabotage” for failing to deal with the crisis.

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