Oil Marketers, under the aegis of Major Oil Marketers Association of Nigeria,MOMAN, and Depot and Petroleum Products Marketers Association, DAPPMA, have appealed to the Federal Government for prompt payment of over N800 billion outstanding subsidy debt to save them from total shut down.
This came on the heels of the directive by Senate Committee on Petroleum (Downstream) to the Ministry of Finance and Debt Management Office, DMO, to hold a meeting with the oil marketers and other stakeholders to agree on the grey areas.
Speaking during an interactive session with
journalists in Lagos, Executive Secretary, MOMAN, Mr. Clement Isong, appealed
to the government to hasten the payment of the outstanding debts as the
continued non-payment has severely limited their access to credit facilities
and negatively impacted their working capital leading to their inability to pay
their banks and service providers.”