The Minister of Finance, Mrs Kemi Adeosun, on Tuesday said the Federal Government has paid the N48.2 billion outstanding subsidy arrears owed oil marketers in 2015.

This is contained in a statement by the ministry’s Director of Information, Mr Salisu Dambatta, in Abuja on Tuesday.

The statement said the payment was made recently to enable the oil marketers to import petroleum products and meet up their other financial needs.

“The gross total outstanding subsidy claims accruable to the oil marketers for 2015 stood at N48.2 billion, while deductable tax liabilities payable to the Federal Inland Revenue Service (FIRS) stood at N5.2 billion only. “

It also said that the minister directed the Debt Management Office (DMO) to pay the claims less tax liability of N5.2 billion, which was computed by the Federal Inland Revenue Service (FIRS).

It said that oil marketers without tax liabilities were paid in full, while oil marketers with net subsidy claims and FIRS liabilities were paid net claim after deduction of tax liabilities.

“Oil marketers that were indebted to FIRS and the seven oil marketers that are indebted to the Asset Management Company (AMCON) were not paid until they settled their debts with the two agencies. “



http://www.pmnewsnigeria.com/2016/05/17/fg-pays-oil-marketers-outstanding-n48-2b-subsidy-arrears/?

Sai Buhari

Great...

Cleaning Jonathan mess is not easy but keep trying baba we are behind u

But I thought minister of state for petroleum said APC inherited 600 billion debt base on subsidy payment.

"Federal Government has paid the N48.2 billion outstanding subsidy arrears owed oil marketers in 2015' .

PMB, please do not stop to clear the mess left behind by the Ineffectual Buffon and his gang who had put Nigerians into trouble despite the fact that they recorded the highest PMS price in Nigeria's history.

God bless Kemi Adeosun: God bless PMB: God bless Nigeria.

evy1:
But I thought minister of state for petroleum said APC inherited 600 billion debt base on subsidy payment.

They already paid part last year with the supplementary budget.

http://www.vanguardngr.com/2015/12/nass-approves-n575bn-supplementary-budget/

theV0ice:


They already paid part last year with the supplementary budget.

http://www.vanguardngr.com/2015/12/nass-approves-n575bn-supplementary-budget/

Okay thanks.

evy1:
Okay thanks.

You're welcome

Let the money flow...

Cc: lalasticlala, dominique, Mynd44

Only the wicked in heart, and the useless tribalistic bigots, plus the unrepentant mentally deluded wailers will pretend like the economy today is not as a result of the dwindling oil price, and the ineffectual rulling, and endemic corruption by the ineffectual buffon.

Baba clearing PDP's mess since 1900.!!!!

yet no fuel

hmmmm

OK...

m very sure twas d wan that was owed by GEJ administration.

evy1:
But I thought minister of state for petroleum said APC inherited 600 billion debt base on subsidy payment.

They paid back a large chunk of it at the end of last year. cynic.

The picture below represent Nig and Buhari ...

mrvitalis:
Cleaning Jonathan mess is not easy but keep trying baba we are behind u

Jonathan that left in May 2015? You Zombies are clowns

Hmmmm

GEJ poo is Jxt Lyk a cancer on Nigeria which refuses to respond to treatment

end time subsidy

dey shud start importing day and night now oo

mrvitalis:
Cleaning Jonathan mess is not easy but keep trying baba we are behind u

Jonathan's mess for a year

Pay us the balance of salary cut since December and I'll be okay. It's a crazy world out here

Pay us the balance of salary cut since December and I'll be okay. It's a craz.y world out here

see this yeye people, na me suppose to pay?

A responsible government makes sure it pays its debts.


Nice one, but we need garri to sell at 20 naira per milk cup again.

HIGHESTPOPORI:
Jonathan that left in May 2015? You Zombies are clowns

Lol they'll clean till 2019 and still blame the guy.

All these are gimmicks to divert the Mind of the people,

Ive come to find out some people here are Hypocrites

They domt condemn the FG when they do wrong but are First to praise them when they do something they should have done