Estimated Reading Time: <1
Mr Obafemi Olawore, the Executive Secretary, Major Oil Marketers Association of Nigeria, has pleaded with the Federal Government to pay marketers’ subsidy claims to avoid fuel scarcity.
Olawore made the plea in an interview with the News Agency of Nigeria (NAN) in Lagos on Monday, claiming that the outstanding subsidy claims stood at N53.6 billion.
“As at April 1, we were still owed an outstanding of over N53.6 billion by government on subsidy which makes it extremely difficult for marketers to import products into the country.
“Most major and independent marketers who received Sovereign Debt Note from Debt Management Office last time never had it translated to cash from banks.
“We appealed to the Ministry of Finance to approve payment of our subsidy claims because this had made it difficult for some marketers to get loans from banks,’’ he said.
Olawore also advised the Petroleum Products Pricing Regulatory Agency (PPPRA) to start importation of second quarter allocation of petroleum to avoid fuel crisis.
“Delay on allocation of importation might cause product scarcity in the country if not managed carefully,’’ he said.
He alleged that the N41 billion that was recently paid to marketers did not reflect total arrears owed marketers to date.
He promised that the association would ensure total support for government in ensuring a robust petroleum distribution across the country if the association’s plea was taken seriously.
NAN reports that in spite of 77,000 metric tonnes of petrol distributed by the association during the Easter break, some major oil marketers’ retail outlets in Lagos still sell petrol at N100 per litre.
- Nigerian Airforce arrests officers in a viral video flogging Osun residents
- Ngozi Okonjo-Iweala Emerges WTO DG
- Just In: Civil defence sacks officer for looting COVID-19 palliatives
- WAEC announces new date to release result
- Media sanction over #EndSARS coverage is draconian – Group writes NBC DG
- Just In: Amnesty release a new timeline investigating the Toll Gate massacre #EndSARS
- I will sign executive order to recover looted property – Adamawa Governor
- Lagos State Government says there’s nothing wrong in asking the military to intervene
- I was detained for 47 days by SARS; man narrates as Judicial panel of inquiry begins sitting in Lagos
- Nigerian Army says Lagos state government invited it to intervene in #EndSARS protest