Nigeria In One Minute

Marketers threaten depots’ shutdown over oil subsidies

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has petitioned President Muhammadu Buhari and Minister of State for Petroleum Resources Ibe Kachikwu over the non-payment of their outstanding subsidy in excess of N650 billion.

The marketers issued a fresh 14-day ultimatum to the Federal Government to pay up, failing which they would shut down their depots and embark on a massive sack of workers.

The development could set back government’s efforts at easing the scarcity of petroleum products.

The Guardian gathered that the demand became inevitable as a result of buck-passing between the executive, represented by the Ministry of Finance, and legislators. While the ministry insisted the sum had been forwarded for legislative approval, the lawmakers denied receiving any notification.

The Guardian, February 22, 2018



RipplesNigeria… without borders, without fears

Click here to join the Ripples Nigeria WhatsApp group for latest updates.

Join the conversation


About the author

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.

Do NOT follow this link or you will be banned from the site!