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Marketers call for release of N413bn subsidy claim

Some accredited oil subsidy marketers on
Thursday said the failure of Federal Government to
release the approved N413 billion subsidy debt was
disrupting their fuel importation schedule.

The marketers made their feelings known in an
interview with the News Agency of Nigeria (NAN) in

They said that they were concerned that the money
had not been released one week after the approval
was granted.

The marketers alleged that the delay was affecting
loading activities at depots and had led to the
shutting down of some filling stations due to non-
availability of petroleum products.

“Government, through the Central Bank of Nigeria,
has not released any subsidy claims as promised.

“As I am talking to you we have been directed by
the CBN to go and meet the Debt Management
Office for clarification.

“All our efforts to get the said money have been in
vain and to start importing has been a serious

“There is no money to back up the cheques
presented to the marketers.

“We do not even know the basis for the clarification
of the cheques, but we are aware that there is no
money in the account.

“It is like giving the marketers cheques only to
discover that there was no money in the account.

“Nothing like importing now because all marketers
are angry because of the failed promised,” one of
the marketers al

The market said; “If you go outside Lagos you know
how much they are selling fuel per litre now, it is
the last stock that we are selling now.

“It is unfortunate that the Department of Petroleum
(DPR) is saying that we are hoarding the products,
which is not the truth.

“We have not collected a single coin from the

“If not the fact that some of the marketers are
making some money from other products, how do
you think we will be able to get anything for now?

“We have been summoned by DPR for a meeting
this morning to settle the crisis, we are only
managing what we have in stock at present,” he

NAN recalls that the Federal Government, had on
Nov. 3, approved the sum of N413 billion to
petroleum products marketers as the outstanding
payment for subsidy claims.

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