Although things may appear to be good at the moment with regards to fuel supply, we can’t be certain how long this may last. According to Punch, ‘16 vessels are said to have been held in the nation’s territorial waters by the Nigerian Navy and restrained from discharging their contents until “signals” are received from Abuja’.
Hon.Dayo Bush-Alebiosu last week raised the motion as a matter of urgent public importance, informing the House that on a daily basis, the government paid $4.8m as demurrage to the owners of the vessels in the last three months. He said the total amount said to have been paid out so far stood at $446.4m. Continue...
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