Oil marketers in Nigeria have
said that the fuel scarcity being experienced in the country will
continue until the Federal Government pays the remaining N200 billion
subsidy debt it owes them.
The marketers also said that fuel is coming into the country but it’s not adequate enough to meet demand.
This was disclosed on Friday, May 15, 2015, by the 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 154 [billion Naira] out of out of 354 [billion Naira] you are left with 200 [billion Naira]. 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.
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’s not adequate enough to meet demand.
This was disclosed on Friday, May 15, 2015, by the 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 154 [billion Naira] out of out of 354 [billion Naira] you are left with 200 [billion Naira]. 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.
The government had earlier paid the marketers N156 billion as part of the subsidy debt owed.
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