An end to the fuel scarcity that has hit parts of the country may be in sight as the Major Oil Marketers Association of Nigeria on Friday struck an agreement with the National Association of Road Transport Owners to suspend their strike, an official told the News Agency of Nigeria, NAN.

MOMAN Executive Secretary, Femi Olawore, made this known when he addressed journalists in Abuja over the disagreement with the government over outstanding fuel subsidy payment.

He said N20 billion owed the transporters and their inability to offset the debt prompted the suspension of the lifting of products in the first place.

He said that however with the recent release of N154 billion to the marketers by the Ministry of Finance, as part payment of the subsidy, they had also been able to pay part of the monies owed the transporters.

Olawore said the marketers were still at loggerheads with the government over the N200 billion it owes the marketers as subsidy payment.

“With the understanding of NARTO members, we have given the government a grace of two weeks to settle the remaining payments.

We have scheduled to meet with the Coordinating Minister of the Economy on Monday, but if the meeting fails to address the issue we have tabled, then we will continue with the action​,​” Olawore said.

He also said some of their members have started receiving alerts of payment adding that the marketers will pay the transporters in proportion of what has been received.

Mr. Olawore said the marketers were ready to cooperate with the government but warned that unless the payment was made in two weeks, the marketers would return to their action.

Major cities across the nations have been hit by the fuel crisis for over three months over claims of unpaid entitlements by the marketers and transporters.

The minister of finance, Ngozi Okonjo-Iweala had indicated the government’s willingness to pay part of the outstanding payments while calling on the marketers to exhibit patriotism in the face of the challenges faced by the government over dwindling oil revenue.