The Federal government said oil marketers would be paid N236 billion out of N348 billion approved by the National Assembly as outstanding subsidy claims on Friday Dec. 14th.

The Chief Operating officer, Nigerian National Petroleum Corporation (NNPC) Downstream, Mr Henry Ikem-Obih disclosed this to newsmen in Abuja on Saturday.

“The Debt Management Office (DMO) will by next week, precisely on Dec. 14th, pay oil marketers first part of the subsidy arrears of N236 billion as agreed by both parties.

“We agreed that after the first tranche is paid, the marketers will form committee to work on details of how the next tranche will be paid in 2019 and the last paid in 2020.

“Government is fully committed to pay the first tranche as promised and will be paid through promissory note that will be issued by the DMO,’’ he said.

Ikem-Obih said that oil marketers equally owed government some debt which would not be deducted from the first tranche of payment.

He said that it was unfortunate that Depot and Petroleum Product Marketers Association of Nigeria (DAPPMAN) had issued a counter statement from what was agreed at the meeting held with all stakeholders on Thursday.

It will be recalled that stakeholders in the oil sector held a meeting at the ministry of Finance on Thursday and reached an agreement on how to pay outstanding subsidy claims to marketers.

DAPPMAN on Friday issued a counter statement saying that there was no agreement reached with government because it failed to reach legitimate demands of the association which was that the claims should be paid in cash instead of through the promissory notes.

He said that Independent Marketers Association, DAPPMAN, Major Oil Marketers (MOMAN), CBN, PPPRA, among others were part of the meeting.

“Government is committed to doing what we agreed on and that is why they get the first tranche by next week.

“We have told marketers that what government is doing now is honest and highly transparent,’’ he added.

Ikem-Obih urged Nigerians not to panic as the NNPC and all other stakeholders will ensure that there was no scarcity of the product throughout the yuletide season.

“Currently, we have 55 days of Premium Motor Spirit (PMS) storage in the country which translates to 2.8 million litres in volume and 90,000 metric tonnes of diesel.

“The 90,000 metric tonnes is supplied by NNPC and it’s subsidiary PPMC and we will continue to import,’’ he added

He said that apart from imported products, the Warri refinery had on Thursday started refining products and the Port Harcourt Refinery would soon kick off refining.

This, he said would continue to boost the quantity of product in the country.

In an interview, some marketers who spoke to News Agency of Nigeria (NAN) commended government and assured that they would support efforts towards ensuring smooth supply and distribution of petroleum products in the country.

Alhaji Aliyu Sa’id, Managing Director of AA Rano filling station said that national interest must be upheld and it would be wise for DAPMAN to give government a chance.

“We have enough products and we will not shut down for any reason, we do not want Nigerians to suffer during this period and that is why we are supporting government effort,’’ he said

Also, managing Director of AYM Shafa filling station, said that they would work to ensure that there was not scarcity of products in the country during the yuletide season.

“We will support government efforts to ensure smooth supply and distribution of products especially during the Christmas season,’’ he added.

NAN reports that other marketers who promised to ensure free flow of the product in the country include Obat oil PLC, ED Tonimas Nigeria Limited, among other. (NAN)

http://thenationonlineng.net/oil-marketers-get-n236bn-subsidy-claims-dec-14th-fg/

But Buhari said there is nothing like subsidy. He even said it is corruption.

You met fuel at 87 naira . You increased it to 145 naira and you are still paying subsidy.

Isn't that deception and grand corruption??

Misplaced priority

Subsidy claim abi subsidy scam.

All I see is desperation by FG

I fear oh

This government has truly shown education isn't part of her top priority, imagine,ASUU has been on strike for months now and nothing has been done to remedy the situation.

So subsidy didn’t end as Buhari promised? Isn’t Buhari a scam and serial promise breaker?

Yet Buhari increased the price of fuel after telling us all subsidy payments would be stopped

Buhari is a corrupt liar and a thief

APC is fraud

But during GEJ's time, Jubrin and his cohorts said that fuel subsidy was a scam.
Useless govt

Jubril again


Well 2019 is around the corner




Someone must go



But that doesn't warrant a fugitive to take over asorock







Oby ezekwesili is a better choice



But first she must let me bleep her pussy for 2 hours

Buhari is working

The presidency has been proactive lately.

Govt still pay subsidy despite the present pump price?
The more you look into Federal government dealings, the less you see.

Decayed institutions.

Subsidy is a scam. But NNPC still pays subsidy that cannot be quantified smh

Jubril sef
??


Mtcheww

This is part of the baggage the useless Pdp left behind.

Pdp should come forward and tell us which agency froze Obi's accounts.Afterall, ICPC & EFCC have come out to debunk the claims. That was how they lied Adeleke's accounts alongside even Davido's were frozen just to gain the electorates sympathy.

Is this also part of the #DubaiStrategy?

Useless party!

And for the morons above who have been programmed to act like headless chickens, this is part of the 800bn debt your ogogoro lord and saviour left behind. You're quick to say the projects being completed were started by Pdp but have selective amnesia on issues like this.

Dolts!

So we still paying subsidy..

And this scam of a government called Buhari said what is subsidy? Imagine the amount of money paid to marketers in one fell swoop. This money that can build school and hospital in every state of the country.

#BackTODaura is a goal

The FG should just do anything because people will travel for Xmas.

Oh my God I thought the APC say subsidy is a scam and they are not paying

While the Lifeless Jubril and his gang of ECONOMIC RAPISTS and PLUNDERERS once told us he has removed subsidy while increasing fuel pump price from N87 to N145!!

Lia Buhari

Hmmm
"Subsidy payment is a scam" - APC

Please FG should make the payment as promised because this is the period most people get the opportunity to travel & mingle with their families. These oil marketers are on the look to make money in this festive season as they normally do.

It was a demeaning situation last year as I spent my Christmas in filling station through out the day. What a bitter experience.

K

Enigmaticprof:
This government has truly shown education isn't part of her top priority, imagine,ASUU has been on strike for months now and nothing has been done to remedy the situation.

in Nigeria, fuel scarcity is worse than ASUU strike

But the Daura animal said he is not aware of anything subsidy

Christmas is around the corner, they want to make petrol scarce again.

Well, i have 100 litres in my bunker already


Buhari initially claimed he doesn't know about subsidy. So what is he paying? Buhari didn't know being a spectator is different from being a player

sotall:
But Buhari said there is nothing like subsidy. He even said it is corruption.

You met fuel at 87 naira . You increased it to 145 naira and you are still paying subsidy.

Isn't that deception and grand corruption??

1.He said there was nothing like substance when he was campaigning and during the subsidy scams of the last admin

2.The money being paid is subsidy claims from the last administration.

3.Fuel is not going to go back to. 87 naira. And when Bubu increased it it cost 132naira to import one liter of fuel. Selling it at 87 was why we had fuel crisis.

4.If Bubu removes subsidy completely as he should, fuel will cost. 250 and above. And you Nigerians will complain just as you complained under GEJ and forced him to keep a subsidy that was unsustainable and led to the debt that Bubu is only paying off now.

Oil subsidy must go

why every December

In Buhari's voice "what is subsidy?" Jubril of Sudan is now paying subsidy against Buhari's position.

..