Nigeria In One Minute
Oil marketers want payment of subsidy debts
Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria and the Depot and Petroleum Products Marketers Association have called for the payment of the outstanding debts owed them by the Federal Government.
The associations, in separate interviews with The PUNCH correspondent, said the delay in the payment of the debts had taken a toll on the business of their members.
The Chief Executive Officer/Executive Secretary, MOMAN, Mr Clement Isong, said the outstanding subsidy debts owed marketers by the government remained the primary problem in the downstream sector.
He stated, “The debt creates serious working capital constraints for all marketers, not just MOMAN, and makes it difficult to run our business. Any business that is owed so much will struggle obviously.”
The PUNCH, October 12, 2018
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