Tuesday 19 May 2015

Marketers insist on payment of outstanding subsidy

Oil 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).

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