Petrol Scarcity To End When FG Pays Us N200b –Marketers | Independent Newspapers Limited
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Petrol Scarcity To End When FG Pays Us N200b –Marketers

Posted: May 16, 2015 at 4:36 pm   /   by   /   comments (0)

NIGERIA’S oil marketers have said that the current fuel scarcity in the country will continue until the Federal Government pays the remaining N200 billion subsidy debt it owes them.

The government had earlier paid the marketers N156 billion as part of the subsidy debt owed.

The marketers also said that fuel is coming into the country, but it is not adequate enough to meet demand.

This was disclosed to newsmen on Friday, May 15, 2015 by Executive Secretary of the Major Oil Marketers Association (MOMAN), Obafemi Olawore.

“It is not that we are not bringing in fuel. The problem is that we are not bringing enough and the reason we are not bringing enough is simple. If you pay N154 billion out of out of N354 billion you are left with N200 billion. That is not up to 50 per cent,” Olawore said.

“What we are saying is that we should make attempt to pay. Banks should agree to open their lines of credit so that we can access funds and bring in more products while the government talks to us. “As we speak, nobody is talking. So, we do not know the thinking of anybody. There is no crime in asking for the money. They are owing us some money and we want the money,” he added.