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Marketers insist on payment of outstanding subsidy

By Lucky Orioha
19 May 2015   |   1:23 am
Oil Marketers Association of Nigeria and Depot Petroleum Products Marketers Association have called on the Federal Government to offset the outstanding subsidy claims to enable them import pertrol.

FUELOil Marketers Association of Nigeria (MOMAN), and Depot Petroleum Products Marketers Association (DPPMA), have called on the Federal Government to offset the outstanding subsidy claims to enable them import Premium Motor Spirit (PMS).

Specifically, the association said that the current fuel scarcity in the country might persist till the end of the month, if the Federal Government failed to pay their outstanding claims on subsidy.

The Executive Secretary MOMAN, Obafemi Olawore, said at a media briefing in Lagos last week that the outstanding payment on subsidy and interest remained unpaid by government and this had led to its members’ inability to import petroleum products in the last few days.

According to him, the scarcity may also persist beyond the hand over date that will usher in a new political administration of Gen Muhammadu Buhari (rtd).

“Because of the huge outstanding that we have; because we have not been able to pay back the loan we have taken, because our suppliers are not too confident, we are unable to bring fresh import.
“Whatever we have now is what we have received from NNPC and it is the small quantity that we have from NNPC, that is why you see all the trucks in Lagos scrambling for them.

The Executive Secretary DAPPMA, Olufemi Adewole, also said the Federal Government owed its members more than N200 billion.

He said that out of its 40 members, only 24 participate in the subsidy programme, adding that all its members had been paid subsidy while only six out of 24 had been paid their interest.