Nigerians may soon breath a sign of relief over the scarcity of petrol that has plagued some parts of the country, with Abuja and Lagos worst hit, as the Major Oil Marketers Association of Nigeria (MOWAN) on Friday reached an agreement with the National Association of Road Transport Owners to suspend their strike.
MOMAN Executive Secretary, Mr Femi Olawore, made this known while speaking with newsmen on the ongoing impasse with the government over outstanding fuel subsidy payment.
According to him, the marketers are owing members of the transport association about N20 billion and their inability to offset the debt prompted the suspension of the lifting of products.
However, he said, following the release of N154 billion to marketers by the Federal Government as part payment of the subsidy, they had in turn offset part of the debt they owed the transporters. He said the marketers, with the understanding of NARTO members, had given government a grace of two weeks to settle the remaining payments.
“We have scheduled to meet with the Coordinating Minister of the Economy on Monday, but if the meeting fails to address the issue we have tabled, then we will continue with the action” he warned.
According to him, some of their members have started receiving payment, adding that the marketers will pay NARTO in proportion of what had been received.
Olawore said the marketers were ready to cooperate with the government but warned that unless the payment was made in two weeks, the marketers would return to their action.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look...
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...
SPECIAL REPORT: Illegal miners degrade Ekiti community, engage in child labour
The activities of illegal miners in a community in Ekiti State have caused degradation of the environment, as miners engage...
SPECIAL REPORT: Inside the illegal trading of forest woods in Cross River community
“With a N20,000 bribe, an external buyer can influence the youth in host communities , Cross River State, to cut...