Main PageFuel Scarcity: FG Pays N156bn Fuel Subsidy Claims To Marketers
To halt the current fuel scarcity ravaging the
country, the Federal Government yesterday as
sured it would pay Major Oil Marketers
Association of Nigeria (MOMAN) about N156
billion today.
The Coordinating Minister for the Economy and
Minister of Finance, Dr. Ngozi Okonjo-
Iweala,stated this at the World Customs Day event
held in Abuja yesterday. The Minister said the
payment of N156 billion represents the remaining
tranche of the N256.2 billion debt owed MOMAN
in subsidy claims.
Given further breakdown of the the N156 billion,
she said government has committed to pay N100
billion as IOUs as well as the interest rate differen
tial of N56 billion.
The latest move by government would bring an
end to the lingering fuel scarcity, the attendant
long queues at the filling stations and unnecessary
sufferings of Nigerians since March this year.
The payment today was in swift reaction to
President Goodluck Jonathan's order to the Fi
nance Minister to end the logjam occasioned by
the scarcity.
Okonjo- Iweala had sought for the co-operation of
the oil marketers to end the persistent fuel
scarcity across the country, saying government
was doing all it can to end the current fuel
scarcity.
"Let me tell you, on the issue with oil marketers,
we have been really working with them. We have
been dialoguing with them. We paid them N350 bil
lion in December. We paid them N31 billion as
foreign exchange differential and by tomorrow (to
day), we will be paying them the N100 billion
which we will give them as IOUs as well as their
interest rate differential of N56 billion. I am about
to sign to get that paid and I think Nigerians will
agree that the government is making good effort
to accommodate the oil marketers. They are also
Nigerians and they also need to co-operate with
us.
Meanwhile the Minister of Information, Patricia
Akwashiki,has said that the incoming
administration of Gen Muhammodu Buhari will
not inherent fuel queues as the country has
enough fuel in its reserves for the next 27 days .
"I want to assure that we have enough fuel to
supply and the problem is not that we do not have
fuel on ground. We have a problem with the
tanker drivers and that has to do with the non-
payment of fuel subsidy claims But from
tomorrow (today), the Coordinating Minister of the
economy is going to start paying off some of the
liabilities we have in that sector and it will ease
off,'' she said
Akwashiki however said that part of the problem is
logistics,especially with the transport unions in the
petroleum sector,who are equally being owed.
''We don't have to wait for Buhari
administration to fix it, we can fix it and we
have been fixing it".
http://sunnewsonline.com/new/?p=117061
country, the Federal Government yesterday as
sured it would pay Major Oil Marketers
Association of Nigeria (MOMAN) about N156
billion today.
The Coordinating Minister for the Economy and
Minister of Finance, Dr. Ngozi Okonjo-
Iweala,stated this at the World Customs Day event
held in Abuja yesterday. The Minister said the
payment of N156 billion represents the remaining
tranche of the N256.2 billion debt owed MOMAN
in subsidy claims.
Given further breakdown of the the N156 billion,
she said government has committed to pay N100
billion as IOUs as well as the interest rate differen
tial of N56 billion.
The latest move by government would bring an
end to the lingering fuel scarcity, the attendant
long queues at the filling stations and unnecessary
sufferings of Nigerians since March this year.
The payment today was in swift reaction to
President Goodluck Jonathan's order to the Fi
nance Minister to end the logjam occasioned by
the scarcity.
Okonjo- Iweala had sought for the co-operation of
the oil marketers to end the persistent fuel
scarcity across the country, saying government
was doing all it can to end the current fuel
scarcity.
"Let me tell you, on the issue with oil marketers,
we have been really working with them. We have
been dialoguing with them. We paid them N350 bil
lion in December. We paid them N31 billion as
foreign exchange differential and by tomorrow (to
day), we will be paying them the N100 billion
which we will give them as IOUs as well as their
interest rate differential of N56 billion. I am about
to sign to get that paid and I think Nigerians will
agree that the government is making good effort
to accommodate the oil marketers. They are also
Nigerians and they also need to co-operate with
us.
Meanwhile the Minister of Information, Patricia
Akwashiki,has said that the incoming
administration of Gen Muhammodu Buhari will
not inherent fuel queues as the country has
enough fuel in its reserves for the next 27 days .
"I want to assure that we have enough fuel to
supply and the problem is not that we do not have
fuel on ground. We have a problem with the
tanker drivers and that has to do with the non-
payment of fuel subsidy claims But from
tomorrow (today), the Coordinating Minister of the
economy is going to start paying off some of the
liabilities we have in that sector and it will ease
off,'' she said
Akwashiki however said that part of the problem is
logistics,especially with the transport unions in the
petroleum sector,who are equally being owed.
''We don't have to wait for Buhari
administration to fix it, we can fix it and we
have been fixing it".
http://sunnewsonline.com/new/?p=117061
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