FG approves payment of N413bn subsidy claim to oil marketers


Buhari with an APC flag beside him.

The Federal Government on Wednesday approved the immediate payment of N413 billion to oil marketers as outstanding payment for subsidy claims.

This is contained in a statement on Wednesday in Abuja by Mr Ohi Alegbe, Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Corporation (NNPC).

It stated that the initiative was to ensure that zero fuel queues bolstered.

It expressed the belief that with the payment, the marketers and other downstream players would cooperate with the NNPC to guarantee that the nation remained wet with petroleum products all year round.

It also stated that NNPC had stepped up measures to eliminate the noticeable fuel queues in some petrol stations across some major cities in the country.

NNPC also assured public of adequate fuel supply as it injected additional volumes of premium motor spirit to enrich product availability in the affected areas.

It stated that the corporation was working assiduously with stakeholders in line with its drive to ensure zero fuel queues ahead of the forthcoming yuletide and beyond.

It stated that NNPC was working with the Pipelines and Products Marketing Company (PPMC) and other downstream players to consolidate the prevailing stability in the supply and distribution of fuel nationwide.

It stated that inspection team from the PPMC had also been commissioned to go round operational areas to ensure compliance with laid down rules regarding operations.

It stated that the team would ensure conformity with rules on loading and product evacuation across board to eliminate hoarding and other vices detrimental to the free flow of products.

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  • emmanuel kalu

    So what is the difference between this administration and the last in terms of fuel subsidy. we would continue to waste, better yet, they would continue to loot Nigerians until we put a stop to useless leaders. where is the change?

    • Harry Preye Eteimo

      There is no change @ all. Just being anxious to get into power.

    • share Idea

      I have been asking this question, who authorised this payment and under which appropriation is the deduction going to be made? Oshiomhole was accusing Okonjo Iweala for paying subsidy authorised by GEJ and now, NNPC is paying over 400 billion Naira without any discussion by FEC or Oshiomhole’s NEC

      • emmanuel kalu

        It is what we get when we elect the same people. Every reasonable person have said subsidy is madness. Yet we continue to do it.

  • amador kester

    And so govt cannot tactically lay this unscrouplous ghost and grand mother of private sector corruption to rest?