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

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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