President writes National Assembly

There is good news for fuel marketers. President Muhammadu Buhari has asked the National Assembly to approve the payment of their N413 billion claims, it was learnt yesterday.

The payment is believed to be the key to ending the crippling petrol scarcity in many cities.

Petrol is being sold for between N100 and N400 per litre in various parts of the country. Queues are long at filling stations where there is fuel. Many others are shut for lack of supplies.

A Presidency source said last night that “only about N140 billion was appropriated for subsidy payment in the current budget and it has been exhausted”.

“Out of respect for the parliament, the President insisted that the right thing must be done by seeking approval from the National Assembly before an additional kobo is paid in excess of what the budget makes provision for.

“This is a clear departure from the past, when extra-budgetary expenditure was the norm.”

Another source said “the Nigerian National Petroleum Corporation (NNPC) expressed the belief that with the outstanding payment due to oil marketers now assured, the marketers and other downstream players will join hands with the corporation to guarantee that the nation remains wet with petroleum products all year round,” the source said.

The Senior Special Assistant (SSA), Media, to the President, Mallam Garba Shehu, noted that the President “is desirous to end the petrol scarcity. But he insists that due process must be followed.”

Marketers are hopeful that if the N413 billion subsidy cash is disbursed, the fuel scarcity will be over.

But they also complained of lack of foreign exchange to facilitate importation of products.

A marketer last night said: “We cannot access dollar or pound sterling to import. The banks have refused to give us letters of credit because they don’t have confidence that we will pay back. It is only the NNPC that imports and what they import is grossly inadequate.

“The issue is that many independent depots and retail outlets don’t have products because the NNPC only gives product to marketers accredited as bulk buyers.

“The fuel marketing arm of the oil industry is gradually collapsing because most of the oil marketing firms currently operate at about 30 per cent capacity utilisation. Some of our depots that load around 150 trucks daily have dropped to 40 trucks daily.

“If the current supply situation is not addressed quickly, the Yuletide will be celebrated without fuel, and you know the implication.”

The NNPC’s Group General Manager, Group Public Affairs Division, Mr. Ohi Alegbe, said the Corporation trucked out 25,042,686 litres of premium motor spirit (PMS) to various parts of the country between last Saturday and Sunday..

According to the data made available by the NNPC spokesman, which showed the depots from where the fuel was loaded, companies that took delivery of the product, the number of the vehicle that lifted the product and the quantity lifted, 615 filling stations got 25,042,686 litres. They include majors, such as Total, Mobil, Oando, MRS, Conoil and Forte Oil. The NNPC Retail and independents, including NIPCO and Eterna, among many others, especially in Gombe, also got supplies.

Suleja depot loaded 7,178,613 litres for 179 stations, Kaduna depot 2,470 490 litres for 59 stations, Kano 4,930,847 litres for 107 filling stations, Minna depot 224,986 litres for six stations, Gusau 2,311 951 litres (60 stations), and Satellite depot, which feeds Lagos State, 2,164,940 (63 stations).

Others include Ilorin depot 303,000 litres (nine stations), Ore 110,989 litres (three stations), Ibadan depot, 766,007 (21 stations), Gombe area, which has the highest number of independent stations got 3,662,893 litres (78 stations) and Aba depot, 917,970 litres (30 filling stations).

Cc: lalasticlala

http://thenationonlineng.net/buhari-seeks-approval-to-pay-n413b-subsidy-claims/

The same man that claimed that there is nothing like fuel subsidy, that it was simply a scam..
I think it's either buhari is a perpetual liar or he is a serious illiterate..
Or better still he thinks that Nigerians are fools..
Darker days looming. .

DONSMITH123:

But they also complained of lack of foreign exchange to facilitate importation of products.

I believe this is a major factor in this fuel scarcity

wao....good news...even lalasticlala need fuel like kilode

Marketers are hopeful that if the N413 billion subsidy cash is disbursed, the fuel scarcity will be over.

But they also complained of lack of foreign exchange to facilitate importation of products.

A marketer last night said: “We cannot access dollar or pound sterling to import. The banks have refused to give us letters of credit because they don’t have confidence that we will pay back. It is only the NNPC that imports and what they import is grossly inadequate.


thereby making nigerian to suffer abi?

okay. we are waiting....i bought fuel yesterday N300 per liter in kubwa o

MKO4ever:

I believe this is a major factor in this fuel scarcity

my brother forget marketers, they are just like that. Apart from the subsidy claim, am sure they always look for every little opportunity to withold fuel.

good news

LastSurvivor:
[s]The same man that claimed that there is nothing like fuel subsidy, that it was simply a scam..
I think it's either buhari is a perpetual liar or he is a serious illiterate..
Or better still he thinks that Nigerians are fools..
Darker days looming. .[/s]

Must you insult your president?

one chance change(0CC)

LastSurvivor:
The same man that claimed that there is nothing like fuel subsidy, that it was simply a scam..
I think it's either buhari is a perpetual liar or he is a serious illiterate..
Or better still he thinks that Nigerians are fools..
Darker days looming. .

continue wailing all the days of thy life.

This President is a bast@rd and a stup1d liar. This is not what he said 2 weeks ago
http://www.vanguardngr.com/2015/11/fg-to-pay-oil-marketers-n413bn-subsidy-debts-as/
http://www.thisdaylive.com/articles/fg-approves-immediate-payment-of-n413bn-subsidy-claims/224745/
If he knows he doesn't want to pay them, why not just come out and tell Nigerians you don't trust the marketers and you would like them to go to hell. Grow some balls and act like a man, for once in your miserable life. But instead of taking a stand, the fool, decided to do nothing, while allowing the situation to denigrate to this state. Now the ediot wants to use this his Mr Integrity bullshit to deceive his sheepish followers. God will punish him, his wife, his family and the entire APC. Rubbish

Tunami:
one chance change(0CC)

Tunami my friend who claimed of being APC Supporter is back ...i just dey observe you bro

nice move. Sai Baba

hinwazaka:
This President is a bast@rd and a stup1d liar. This is not what he said 2 weeks ago
http://www.vanguardngr.com/2015/11/fg-to-pay-oil-marketers-n413bn-subsidy-debts-as/
http://www.thisdaylive.com/articles/fg-approves-immediate-payment-of-n413bn-subsidy-claims/224745/
If he knows he doesn't want to pay them, why not just come out and tell Nigerians you don't trust the marketers and you would like them to go to hell. Grow some balls and act like a man, for once in your miserable life. But instead of taking a stand, the fool, decided to do nothing, while allowing the situation to denigrate to this state. Now the ediot wants to use this his Mr Integrity bullshit to deceive his sheepish followers. God will punish him, his wife, his family and the entire APC. Rubbish

my guy, all i want for now is to resolve the lingering fuel crisis. Nigerians are suffering.

hinwazaka:
This President is a bast@rd and a stup1d liar. This is not what he said 2 weeks ago
http://www.vanguardngr.com/2015/11/fg-to-pay-oil-marketers-n413bn-subsidy-debts-as/
http://www.thisdaylive.com/articles/fg-approves-immediate-payment-of-n413bn-subsidy-claims/224745/
If he knows he doesn't want to pay them, why not just come out and tell Nigerians you don't trust the marketers and you would like them to go to hell. Grow some balls and act like a man, for once in your miserable life. But instead of taking a stand, the fool, decided to do nothing, while allowing the situation to denigrate to this state. Now the ediot wants to use this his Mr Integrity bullshit to deceive his sheepish followers. God will punish him, his wife, his family and the entire APC. Rubbish

May God have mercy on your generation. Give respect to your elders and parent in order to live long.

oluwaSmith1:
okay. we are waiting....i bought fuel yesterday N300 per liter in kubwa o

pele

OnankpaBa:





Tunami my friend who claimed of being APC Supporter is back ...i just dey observe you bro

hahaha my guy hafa na, this government is not helping matters the way i expected, all am just hearing is (we are fighting corruption) but no single person has been sent to jail for stealing of public funds

LastSurvivor:
The same man that claimed that there is nothing like fuel subsidy, that it was simply a scam..
I think it's either buhari is a perpetual liar or he is a serious illiterate..
Or better still he thinks that Nigerians are fools..
Darker days looming. .

You are just a daft frustrated and misguided youth. Despite subsidy claims hitting trillions last year...your useless god was still owing marketers from August last year. Now we have a president following due process and cleaning up the mess and clearing up all the bobby traps set by the past administration, all u can do is to open your gutter mouth and spill thrash like you dknt have a father at home. Senseless fool!

OnankpaBa:


pele

Tunami:
hahaha my guy hafa na, this government is not helping matters the way i expected, all am just hearing is (we are fighting corruption) but no single person has been sent to jail for stealing of public funds

PMB and APC will do well. All they need is our support.

koboko69:


You are just a daft frustrated and misguided youth

forget that guy abeg....i pray God dash him little sense.

OnankpaBa:



May God have mercy on your generation. Give respect to your elders and parent in order to live long.

Shut up your mouth and commence your morning "SAI BABA" zombie chorus singing

hinwazaka:

Shut up your mouth and commence your morning "SAI BABA" zombie chorus singing

your brain need reset.

koboko69:


You are just a daft frustrated and misguided youth. Despite subsidy claims hitting trillions last year...you useless god was still owing marketers from August last year. Now we have a president following due process and cleaning up the mess and clearing up all the bobby traps set by the past administration, all u can do is to open your gutter mouth and spill thrash like you dknt have a father at home. Senseless fool!

U have this mentality of suffering n smiling.
Useless idiot..

LastSurvivor:


U have this mentality of suffering n smiling.
Useless idiot..

wake up

Any thing u do them go talk

LastSurvivor:


U have this mentality of suffering n smiling.
Useless idiot..

Lol...what brings suffering and smiling talk here now. Misguided youth....face your studies and stop being an online lazy warrior....who cant even think properly. Lol

bewla:
Any thing u do them go talk

my brother, dats naija for you.

President Buhari is not foolish, he is just not informed. God help us.

hinwazaka:
This President is a bast@rd and a stup1d liar. This is not what he said 2 weeks ago
http://www.vanguardngr.com/2015/11/fg-to-pay-oil-marketers-n413bn-subsidy-debts-as/
http://www.thisdaylive.com/articles/fg-approves-immediate-payment-of-n413bn-subsidy-claims/224745/
If he knows he doesn't want to pay them, why not just come out and tell Nigerians you don't trust the marketers and you would like them to go to hell. Grow some balls and act like a man, for once in your miserable life. But instead of taking a stand, the fool, decided to do nothing, while allowing the situation to denigrate to this state. Now the ediot wants to use this his Mr Integrity bullshit to deceive his sheepish followers. God will punish him, his wife, his family and the entire APC. Rubbish

your Generation is cursed.nothing good will ever come out of your linage...i hope u make good use of this period because the highest u'll attain in life is typing this same VERBATIM over and over again until u die of PERSISTENT DEPRESSIVE DISORDER....