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Okonjo-Iweala, marketers strike deal, Buhari may pay debt

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As part of efforts to end fuel scarcity in the country, Minister of Finance, and Coordinating Minister for the Economy, Dr Ngozi Omonjo-Iweala and Major Oil Marketers Association of Nigeria (MOMAN) held a meeting Monday, and agreed that outstanding subsidy claims would be paid even after a new government takes over power.

The meeting which held at the headquarters of the Ministry of Finance in Abuja, had in attendance representatives of MOMAN and some senior officials in the finance ministry.

Okonjo-Iweala, who briefed journalists in company of the Executive Secretary, MOMAN, Mr. Thomas Olawore, at the end of the meeting, said the issues that led to the scarcity had been resolved.

She said “On our own side, we have discussed the issues they have put on the table and we are looking into them, government is a continuum and you find out that whatever the issues are, they would be resolved so that Nigerians will not suffer.”

When asked how the controversy surrounding the actual outstanding subsidy arrears, being owed the marketers was resolved, the minister said it would be difficult to get the exact debt owing to what she described as the “rolling” nature of the business.

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  1. Don Lucassi

    May 22, 2015 at 9:15 am

    I dont mind the country going on a standstill for a bit, if it will mean reseting this mess, and put us on a new path, where we never enter this kind of mess again. If not because of the repression done by the MofFinance( which might backfire badly in the future), our economy would be in a great depression. We need to do something really strategic very soon else, we might still get there…

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