NwaAmaikpe:




I am still waiting for the year when there will be fuel scarcity during Sallah celebrations.

How come it is only during Christian holidays like Easter and Christmas that scarcity looms?

Petrol or no petrol, South Easterners must find their way back to the village for Christmas.
We have a culture.
We have the money.
Justin and his brothers have failed.

gurunlocker:
They always find a way in which they will make more money during the festive period.


Corrupt people everywhere!!!

NwaAmaikpe:


I am still waiting for the year when there will be fuel scarcity during Sallah celebrations.

How come it is only during Christian holidays like Easter and Christmas that scarcity looms?

Petrol or no petrol, South Easterners must find their way back to the village for Christmas.
We have a culture.
We have the money.
Justin and his brothers have failed.

kings09:
Oya APC goons. Come n defend ya buhari. These marketers no know say this govt can lie?

escapefromusa:


Nigeria Oil Workers Strike Over Inefficiencies, Corruption
^{December 16, 2014
https://www.voanews.com/a/nigeria-oil-workers-strike-over-inefficiencies-corruption/2560520.html}

kings09:
Oya APC goons. Come n defend ya buhari. These marketers no know say this govt can lie?

Wizdude:
The Annual Madness is here again.
Brace yourselves people, this one may take another dimension


Sharrap there!

theoldpretender:
Oil subsidy must go

The main problem is the 800million that has to be paid in subsidy claims, IE the 800million difference between the cost of fuel and the cost importing it.

There is a solution to the problem. Allow marketers sell fuel at the price they want to sell. Yes. Fuel will sell as high as 300 naira per liter. Yes, life will get hard, but there will be no scarcity, no subsidy scams, and crucially long term prices will fall.

Oil subsidy must go. Since 2006, even since 1993!

hisgrace090:
There's nothing like oil workers, if anything bring scarcity this time it may be as a deliberates attempt by the fg to suffer the Christians on this exmass season

Jason555:
Oil marketers on Sunday in Lagos gave the Federal Government seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would cease operation across the country.


The marketers, comprising Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and Independent Petroleum Products Importers (IPPIs), said failure to meet the deadline would force its members to disengage workers from depots.

Confirming the seven-day notice, Mr Patrick Etim, Legal Adviser to IPPI told the News Agency of Nigeria (NAN) that banks have taken over investments and assets of oil marketers over unpaid debts.

According to Etim, marketers have no chcice that to ask their workers to stay at home over unpaid salary arrears due to huge subsidy debts owed by the government.

“The only way to salvage the situation is for government to pay the oil marketers the outstanding debts through cash option instead of promissory note being proposed.

“As I speak, nothing has been done several months after assurances received by government saying it would pay off the outstanding debts.

“The oil marketers have requested that forex differential and interest component of government’s indebtedness to marketers be calculated up to December 2018 and be paid within next seven days from the date of the letter sent to the government,’’ he said.

Etim said that several thousand jobs were on the line in the industry, as oil marketers began cut-down of their workforce due to inability to pay salaries.

“At the inception of the current administration, marketers engaged the government with the view to secure approval for all outstanding subsidy-induced debts handed over to the current administration,’’ he said. The counsel said that the current administration paid part of the debts with a substantial portion of the subsidy interest and foreign exchange differential still pending.

The Executive Secretary of DAPPMA, Mr Olufemi Adewole, also confirmed the seven-day ultimatum notice. Adewole disclosed that the oil marketers on Nov. 28 served the ultimatum letter on the Debt Management Office (DMO), Minister of Finance, Chairman, Senate Committee on Petroleum Downstream, Department of State Services and Minister of State, Petroleum Resources.

“We urge the DMO to process and pay marketers in cash for their outstanding forex differentials and interest component claims, together with the amount already approved by the Federal Executive Council (FEC) and the National Assembly.

“Marketers are not in a position to discount payment on the subsidy-induced debt owed as proposed by DMO.

“The expected payment is made up of bank loans, outstanding admin charges due to PPPRA, outstanding bridging fund due Petroleum Equalisation Fund (Management) Board and in a few cases AMCON judgment debts.

“We urge that the Federal Executive Council (FEC) approved payment instrument, (the promissory note) be substituted with cash and paid through our bankers to stop the avoidable waste of public funds through these debts accruing interest,’’ he said.

Source : https://www.collegegist.com.ng/p/274/breaking-fuel-scarcity-looms-as-oil-marketers-give-fg-7-day

Must marketers always wait for December to frustrate people's celebrations.

valuedammy:
This country called Nigeria, I don't know why we still exist as a country.

theoldpretender:


Because selling fuel at 145 naira per liter when the cost of importing fuel is 180 per liter is profitable business?

Yeah, right. Many of you Nigerians won't agree if government did the same for your business, but you want then to do it for the fuel business

naijacentric:
u want people to die of hunger abi do u know how tins would be hard its like u are very rich man pls have mercy on the common man too

theoldpretender:
Oil subsidy must go

The main problem is the 800million that has to be paid in subsidy claims, IE the 800million difference between the cost of fuel and the cost importing it.

There is a solution to the problem. Allow marketers sell fuel at the price they want to sell. Yes. Fuel will sell as high as 300 naira per liter. Yes, life will get hard, but there will be no scarcity, no subsidy scams, and crucially long term prices will fall.

Oil subsidy must go. Since 2006, even since 1993!