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Despite Osinbajo’s Directive, Petrol Marketers Yet to be Paid $2bn Subsidy Claims



Petroleum products marketers and depot owners have said that despite the directive by Acting President Yemi Osinbajo to the Ministry of Finance to pay the marketers their outstanding subsidy claims, which they estimated at about $2 billion, none of them was paid as at close of work on Friday.

THISDAY had reported that Osinbajo summoned a meeting of the Major Oil Marketers Association of Nigeria (MOMAN) and the Depot and Petroleum Products Marketers Association (DAPPMA) on May 22, which had the Minister of Finance, Mrs. Kemi Adeosun; Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; and the Central Bank Governor, Mr. Godwin Emefiele, in attendance.

It was gathered that at the end of the meeting, the Acting President was said to have directed the Finance Ministry to pay the marketers all verified claims so that they could resume importation of petrol.

However, a presidential source last night said there was no formal order in the real sense of it. The source who did not want to be named said the marketers would be paid in no distant time, explaining that the current delay is as a result of shortage of funds.

Thisday, July 2, 2017


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