World

Nigerian govt paying $800 million to oil suppliers to end fuel crisis crippling economy

  • Drives queue 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)

    Drives queue 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)  (The Associated Press)

  • Cars queue in front of the Nigerian National Petroleum Corporation headquarters to buy fuel in Abuja, Nigeria, Tuesday, May 26, 2015. Oil suppliers say Nigeria's outgoing government has agreed to pay $800 million to end a fuel crisis crippling the economy just days before the inauguration of a new president Friday in Africa's biggest oil producer. Chaos reigned Tuesday at Nigerian airports, where most flights were canceled due to the shortages. Cars and other vehicles formed queues of more than 2 kilometers (1 mile) outside of gas stations. (AP Photo/Sunday Alamba)

    Cars queue in front of the Nigerian National Petroleum Corporation headquarters to buy fuel in Abuja, Nigeria, Tuesday, May 26, 2015. Oil suppliers say Nigeria's outgoing government has agreed to pay $800 million to end a fuel crisis crippling the economy just days before the inauguration of a new president Friday in Africa's biggest oil producer. Chaos reigned Tuesday at Nigerian airports, where most flights were canceled due to the shortages. Cars and other vehicles formed queues of more than 2 kilometers (1 mile) outside of gas stations. (AP Photo/Sunday Alamba)  (The Associated Press)

  • 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)  (The Associated Press)

Oil suppliers say Nigeria's outgoing government has agreed to pay $800 million to end a fuel crisis crippling the economy just days before the inauguration of a new president Friday in Africa's biggest oil producer.

Chaos reigned Tuesday at Nigerian airports, where most flights were cancelled due to the shortages. Cars and other vehicles formed queues of more than 2 kilometers (1 mile) outside of gas stations.

Banks closed at lunchtime and cellphone companies warned they would be forced to shut down service countrywide for a lack of diesel to fuel generators.

The Independent Petroleum Marketers Association of Nigeria said the finance minister agreed Monday to pay a debt of $800 million to oil suppliers. It said companies started pumping oil again Tuesday and unpaid tanker drivers stopped striking.