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

 

 

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