Marketers call for release of N413bn subsidy claim

By 10:23 Thu, 12 Nov 2015 Comments

Some accredited oil subsidy marketers on

Thursday said the failure of Federal Government to

release the approved N413 billion subsidy debt was

disrupting their fuel importation schedule.

The marketers made their feelings known in an

interview with the News Agency of Nigeria (NAN) in


They said that they were concerned that the money

had not been released one week after the approval

was granted.

The marketers alleged that the delay was affecting

loading activities at depots and had led to the

shutting down of some filling stations due to non-

availability of petroleum products.

“Government, through the Central Bank of Nigeria,

has not released any subsidy claims as promised.

“As I am talking to you we have been directed by

the CBN to go and meet the Debt Management

Office for clarification.

“All our efforts to get the said money have been in

vain and to start importing has been a serious


“There is no money to back up the cheques

presented to the marketers.

“We do not even know the basis for the clarification

of the cheques, but we are aware that there is no

money in the account.

“It is like giving the marketers cheques only to

discover that there was no money in the account.

“Nothing like importing now because all marketers

are angry because of the failed promised,” one of

the marketers al

The market said; “If you go outside Lagos you know

how much they are selling fuel per litre now, it is

the last stock that we are selling now.

“It is unfortunate that the Department of Petroleum

(DPR) is saying that we are hoarding the products,

which is not the truth.

“We have not collected a single coin from the


“If not the fact that some of the marketers are

making some money from other products, how do

you think we will be able to get anything for now?

“We have been summoned by DPR for a meeting

this morning to settle the crisis, we are only

managing what we have in stock at present,” he


NAN recalls that the Federal Government, had on

Nov. 3, approved the sum of N413 billion to

petroleum products marketers as the outstanding

payment for subsidy claims.



Related Article



Please LOGIN or REGISTER To Gain Full Access To This Article