Views: 445 Posts: 0 Started By: Lil_Prince Last Poster: Lil_Prince Last Post Date: Nov 03, 2015
November 3, 2015 ( Post 1 )

We met with the Vice- President and the Group Managing Director of NNPC on this matter and they
promised to be pay us between October and November but we have yet to receive any payment from government.


Some Independent Petroleum Marketers in Lagos have said that fuell scarcity would resurface in the country if Federal Government failed to pay their outstanding subsidy of N 500 billion.

The marketers who preferred anonymity told the
News Agency of Nigeria (NAN) on Tuesday that
government had not paid any marketer’s subsidy
claim since August 2014 to date.

We met with the Vice- President and the Group
Managing Director of NNPC on this matter and they
promised to be pay us between October and November but we have yet to receive any payment from government.

"We will be happy if the government can pay the outstanding because we are
worried over the lingering fuel scarcity that will resurface in the country.

"Most of those who are selling petrol currently are
few major marketers who received allocation directly
on credit from Pipelines Products Marketing
Company (PPMC). "None of the independent marketers, depot owners and some majors are selling the products,’’
they claimed.

The marketers claimed that about 1, 700 oil workers
were laid-off due to inability to meet up with their
salaries. They said that the non-payment of the subsidy
claims and inability to get products allocations from
government also contributed to the mass
retrenchment.

A NAN correspondent who monitored the situation
reports that fuel queues reappeared in some parts of
Lagos as some stations had closed for business.
NAN observed that the situation was already taking
a negative toll in the petroleum business supply
chain because from Egbeda to Lagos- Abeokuta
Expressway, fuel stations are not dispensing.
Motorists were seen queuing in anticipation that they
would resume sales.

The situation was chaotic at the Conoil Station at
National Bus Stop, close to the local Airport; long
queues of vehicles compounded the traffic situation,
extending to Ikeja under the bridge.

At Epe, none of the petrol stations there opened for
sales, while those engaging in black market
operations returned to the road to make brisk
business out of the situation.

One of the station managers, who pleaded not to be
named, told NAN that the situation might take a
turn for the worse in few days.

He said that for now, only the NNPC was importing
because major marketers had been forced to down
tools as a result of the huge subsidy debt.

"At my depot, we only got about 10,000 metric tons last week and that is just about 400 trucks. "That cannot last for this week, the same with other depots that got last week. Unless government fulfils its obligations to marketers, the situation will not get better,’’ he said.
The Executive Secretary of Major Oil Marketers
Association of Nigeria (MOMAN), Mr Obafemi
Olawore, had in June raised alarm over the inability
of Federal Government to offset over N300 billion subsidy claims.


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