Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,089 members, 7,957,082 topics. Date: Tuesday, 24 September 2024 at 06:40 AM |
Nairaland Forum / Nairaland / General / Politics / Oil Marketers Threaten To Stop Importation (4932 Views)
FG Approves Immediate Payment Of 413 Billion Naira To Oil Marketers / Unpaid Subsidy: Oil Marketers Threaten To Stop Importation / Petroleum Marketers Threaten To Shut Operations In Two Days (2) (3) (4)
Oil Marketers Threaten To Stop Importation by lekanolas: 6:25pm On Jun 10, 2013 |
Petroleum products marketers may soon stop fuel importation, raising the prospects of another scarcity as unpaid subsidy arrears hits about N170bn. The unpaid subsidies have piled up due to stringent verification process after a legislative audit last year uncovered a widespread fraud in the fuel subsidy regime. A breakdown of the current figures showed that while subsidy arrears to be paid to major marketers, including Total Nigeria Limited, Oando Nigeria Plc, Mobil Oil Nigeria Plc and Conoil Nigeria Plc amounted to N100bn, that of independent marketers amounted to N70bn. The Executive Secretary, Major Markers Association, Mr. Thomas Olawore, who confirmed the development in a telephone interview, said that the huge indebtedness had impacted negatively on their operations. He said: “Our capacity to import has greatly reduced, meaning that it could get to a point where we can no more be able to do so. “Some banks have started to complain about nonpayment. But many of them are busy calculating their interests, which the marketers are expected to pay.” He said it was in the best interest of the nation for the government to pay the subsidy, stressing that it would enable marketers to import more fuel for domestic consumption. Olawore said: “Marketers have in the past five months tried to sustain importation in order to ensure there was adequate fuel supply in all parts of the nation because of patriotism. But it could get to a point where we may not be able to import anymore.” http://nationalmirroronline.net/new/unpaid-fuel-subsidy-hits-n170bn/ |
Re: Oil Marketers Threaten To Stop Importation by konami001: 2:32pm On Jun 11, 2013 |
Backward people! |
Re: Oil Marketers Threaten To Stop Importation by Nobody: 2:33pm On Jun 11, 2013 |
What happened to subsidy probe? |
Re: Oil Marketers Threaten To Stop Importation by Nobody: 2:34pm On Jun 11, 2013 |
God abeg let them stop importing so we can be forced to refine our own oil. Shameless oil producing nation proudly importing fuel.mtcheew 4 Likes |
Re: Oil Marketers Threaten To Stop Importation by buoye1(m): 2:35pm On Jun 11, 2013 |
N ;Da dem sabi jawe............#sipping ma zobo#anyway 4th |
Re: Oil Marketers Threaten To Stop Importation by Policewoman(f): 2:36pm On Jun 11, 2013 |
lekanolas: Petroleum products marketers may soon stop fuel importation, raising the prospects of another scarcity as unpaid subsidy arrears hits about N170bn.OK. |
Re: Oil Marketers Threaten To Stop Importation by oloriooko(m): 2:36pm On Jun 11, 2013 |
kaa kool fun won |
Re: Oil Marketers Threaten To Stop Importation by kufzy: 2:38pm On Jun 11, 2013 |
Na the masses they want make dem suffer be dat. 3rd to comment...*dancing azonto* |
Re: Oil Marketers Threaten To Stop Importation by tedd(m): 2:45pm On Jun 11, 2013 |
Let the senate pass a bill to ban importation of petroleum products and also pass a bill for new refinery Construction in all the major geopolitical zones and all oil producing states. 2 Likes |
Re: Oil Marketers Threaten To Stop Importation by Nobody: 2:47pm On Jun 11, 2013 |
kufzy: Na the masses they want make dem suffer be dat. Mods are sleeping. |
Re: Oil Marketers Threaten To Stop Importation by john650(m): 2:47pm On Jun 11, 2013 |
This country Nigeria is so badly run. The simplest of processes seem like a herculean task to the government. 1 Like |
Re: Oil Marketers Threaten To Stop Importation by dedons: 2:52pm On Jun 11, 2013 |
Abeg make dem go sleep jare i get better refinery for my backyard i'm nw in buzinezz |
Re: Oil Marketers Threaten To Stop Importation by dedons: 2:53pm On Jun 11, 2013 |
daz_york:na ITK go killl you |
Re: Oil Marketers Threaten To Stop Importation by kenny1911: 2:53pm On Jun 11, 2013 |
Let them even stop so that we ll put our houses together by fire by force. |
Re: Oil Marketers Threaten To Stop Importation by Omen100(m): 2:54pm On Jun 11, 2013 |
OK, WILL BE RIGHT BACK |
Re: Oil Marketers Threaten To Stop Importation by bknight: 2:56pm On Jun 11, 2013 |
lekanolas: ... Since when? Patriotic oil marketers 2 Likes |
Re: Oil Marketers Threaten To Stop Importation by 3ace(m): 2:59pm On Jun 11, 2013 |
I have a dream that one day, all our refineries will be working at full capacity so that we won't need to import fuel again. Ha! Another hardship looming. Jona, abeg talk to your boys and girls o. |
Re: Oil Marketers Threaten To Stop Importation by onyxo76(m): 3:01pm On Jun 11, 2013 |
if there is one thing that gives me nightmares, its this thing called fuel scarcity. Not only does it drain my finances,it also gives drains me physically having to look, queue and struggle at filling stations to get the product. i hope it doesn't occur again as a lot of lives revolve around fuel.. |
Re: Oil Marketers Threaten To Stop Importation by Dreal1247: 3:03pm On Jun 11, 2013 |
Paying for subsidy where we have multiple refineries with workers paid to refine petroleum products. Let then stop importing. Our refineries will be forced to wake up. |
Re: Oil Marketers Threaten To Stop Importation by talk2s(m): 3:04pm On Jun 11, 2013 |
They don't want to be sincere to themselves. Is it becuase the Govt. of the day has decided to curtail their excesses and reduce their fraud. It can't always be business as usual. ENOUGH IS ENOUGH. Nigeria must move forward. My candid advice to them all is to tighten their belt and be set for a drastis reduction in their 'awuf' I so move! Any seconder? 1 Like |
Re: Oil Marketers Threaten To Stop Importation by excondido(m): 3:13pm On Jun 11, 2013 |
Logically speaking, the number one contra-ban should be petroleum products. but na they aint gonna do that cause the benefit directly from importation. |
Re: Oil Marketers Threaten To Stop Importation by legendsilver(m): 3:13pm On Jun 11, 2013 |
[quote author=tedd]Let the senate pass a bill to ban importation of petroleum products and also pass a bill for new refinery Construction in all the major geopolitical zones and all oil producing states. Easier said dan done, u b JJc abi? Ds na naija in case u nor knw |
Re: Oil Marketers Threaten To Stop Importation by chadef: 3:16pm On Jun 11, 2013 |
BILLIONS OF NAIRA ARE PAID TO SUBSIDIZED FUEL. HOW MUCH IS IT TO BUILD TEN REFINERY IN NIGERIA. WE ARE JUST SELLING SUGAR CANE TO BUY SUGAR, COCOA TO BUY BOURNVITA. SHAMELESS LEADERS WITH NO VISION. AND THEY COME TO TELL US THEY ARE PATRIOTIC. |
Re: Oil Marketers Threaten To Stop Importation by blackky100(m): 3:18pm On Jun 11, 2013 |
that is why they wont allow the refinery to work. yeye people. |
Re: Oil Marketers Threaten To Stop Importation by browncool(m): 3:55pm On Jun 11, 2013 |
I am sure this said amount would have gone a long way refining our own crude oil instead of importing. |
Re: Oil Marketers Threaten To Stop Importation by Gbawe: 3:56pm On Jun 11, 2013 |
john650: This country Nigeria is so badly run. The simplest of processes seem like a herculean task to the government. No comment |
Re: Oil Marketers Threaten To Stop Importation by Capnd143(m): 4:43pm On Jun 11, 2013 |
truthfully, it will be better if the stop importing and get ready to start another business, When oga Dangote comes onboard with his mult-billion naira refinery project surd their days will be numbered! In dangote i await! 2 Likes |
Re: Oil Marketers Threaten To Stop Importation by emamos: 5:07pm On Jun 11, 2013 |
john650: This country Nigeria is so badly run. The simplest of processes seem like a herculean task to the government.good point |
Re: Oil Marketers Threaten To Stop Importation by habayommy: 5:51pm On Jun 11, 2013 |
Signs of |
Re: Oil Marketers Threaten To Stop Importation by chrisdoller(m): 7:14pm On Jun 11, 2013 |
Hmm tank God i ve a donkey and a horse 4 my movement. Stupid con3 wit backslide leaders.GEJ IS WORKING. |
Re: Oil Marketers Threaten To Stop Importation by chukemmang(m): 8:22pm On Jun 11, 2013 |
If refineries are built how will these oil thieves make money? So therefore Nigerians should forget about having refineries and manage to enjoy the oil slavery we have been subjected to by our past and present government and these oil thieves. |
(1) (Reply)
Life Of Ethnic Minority: A Peep Into The Adara Ethic Group / Ait Destroying Fashola's Govt / Clash Between Ijaw And Security Operatives Around Ikorodu.
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 24 |