Oil Marketers have insisted that the government should liquidate the remaining subsidy balance of N200.2bn; the government had earlier released N154.2bn to settle a part of the subsidy arrears owed petrol marketers.
The Marketers insisted that they are giving the government an ultimatum of two weeks to liquidate the remaining N200b balance.
While addressing newsmen in Lagos on Friday, the Executive Secretary, Major Oil Marketers of Nigeria, Mr. Thomas Olawore, said “This is not a threat. It is, however, a legitimate demand from us to our debtors. Although the strike action is being called off by the transporters, we still have a N200.2bn outstanding. With the calling off of the action, lifting of products will commence in collaboration with the transporters.
“But the transporters are insisting that if they wait for some days without their balance being paid, they will cancel the suspension of the strike action and return to status quo.”
Dr. Ngozi Okonjo-Iweala, has agreed to a meet with the marketers on Monday to discuss how the current government intends to liquidate the N200.2bn balance of subsidy arrears.
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