Subsidy: FG agrees to pay N650billion to marketers
The Federal Government might have subtly renegade on its earlier position that is not paying subsidy to oil marketers as it can be confirmed that a whooping N650billion is set to paid the marketers.
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMA), jointly signed by Mr Dapo Abiodun, Chairman and Olufemi Adewole, executive secretary, in Lagos in a statement released yesterday said the Federal Government has already made the request known to the National Assembly.
“Following the 14-day ultimatum to commence staff disengagement given to the federal government by DAPPMA, in the light of over N650 billion owed to petroleum marketers, a series of constructive engagements and meetings were held with the Nigerian National Petroleum Corporation (NNPC), Ministry of Labour, the Presidency and DAPPMA/Major Oil Marketers Association of Nigeria (MOMAN), marketers have been reassured about the federal government’s commitment to make payment as evidenced by the request for approval for appropriation of same to the National Assembly,” it read.
The associations which had been gearing up for industrial action directed its members to shelve the planned strike action and maintain status quo, while the process of appropriating the money was ongoing.
“Consequently, DAPPMA/MOMAN, hereby suspend the issued 14-day ultimatum and we plead with our staff under the various umbrella unions, NARTO, PENGASSAN, NUPENG, PTD to please whilst this approval for appropriation by the National Assembly is being deliberated on and processed, which we believe will not exceed two weeks in adverse implications of any delay,” it said.