Fuel Subsidy Debt: Marketers receive
N236bn promissory notes
Tankers at a NNPC depot
Petroleum products marketers on
Monday confirmed they have started collecting the N236 billion promissory notes
for their outstanding subsidy debts. The payment is an implementation of the
federal government’s promise to pay them latest last Friday.
The Executive Secretary, Depot and
Petroleum Products Marketers Association of Nigeria (DAPPMAN), Olufemi Adewole,
told Nigeria newsman in an interview
that marketers began to collect the payments on Friday.
“I can confirm to you government
made good its promise to deliver promissory notes to marketers on Friday. Our
members have been collecting it. We appreciate government’s gesture, especially
the president, who stepped in to ensure the matter was resolved amicably
speedily,” he said.
After last Thursday’s meeting
convened by the Debt Management Office (DMO) to address issues raised in a
letter by DAPPMA and other marketers on December 2 ended in controversy, the
government offered to pay about N236 billion latest by December 14.
On the basis of the offer, the oil
marketers withdrew that threat to shut down fuel depots and distribution
outlets and plunge the country into another round of fuel crisis.
…More to come
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