N650bn Subsidy Debt: House Urges FG to Pay Oil Marketers to Avert Mass Sack

N650bn Subsidy Debt: House Urges FG to Pay Oil Marketers to Avert Mass Sack

The House of Representatives On Tuesday passed a motion urging the federal government to respond positively to the demand of the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and avert the planned shut down by their members’ depot nationwide as well as avert the mass sack of their workers.
It further directed its Committee on Legislative Compliance to ensure implementation.

The resolution followed a motion moved under matter of public importance by Hon. Bolaji Ayinka.
He said if the association is allowed to carry out its threat, it would have multiplier effect on nationwide supply and distribution of petroleum products as the Nigerian National Petroleum Corporation (NNPC) utilises the private depots owned by members of the association to stock most of its imported products for a fee. Due to shortage in facilities in the country.
DAPPMAN had on February 22 issued a 14-day ultimatum to government to pay the outstanding subsidy debts or risk a shutdown.

He recalled that Vice President Yemi Osinbajo had last year directed the Minister of Finance, Mrs. Kemi Adeosun to pay oil marketers an outstanding claims of $2 billion after verification but the debt has remained.
Expectedly, the oil marketers had raised concern over the development as they are heavily indebted to banks.

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