BREAKING: Senate gives FG 2 weeks to pay fuel subsidy to marketers to avoid scarcity

BREAKING: Senate gives FG 2 weeks to pay fuel subsidy to marketers to avoid scarcity

- During its plenary on Thursday, December 6, the Senate gave the federal government a period of two weeks to pay fuel subsidy to marketers to avoid scarcity

- The motion that led to the resolve was moved by Senator Kabir Marafa representing Zamfara central senatorial district

- The Senate appealed to the marketers to extend their initial one week grace to two weeks in order to give the federal government more time

The Senate on Thursday, December 6, gave the federal government a period of two weeks to pay fuel subsidy to oil marketers in order to avoid the already looming scarcity.

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The motion was moved by Senator Kabir Marafa who cited Orders 42 and 52. Marafa said that there is an urgent need by the presidency to avert the crisis that seems around the corner.

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Earlier, Legit.ng reported that oil marketers in Nigeria on Sunday, December 2, in Lagos issued the federal government a seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would cease operation across the country.

Legit.ng gathered that the oil marketers comprises of Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and Independent Petroleum Products Importers (IPPIs).

The coalition threatened that failure to meet the deadline would force its members to disengage workers from depots.

The report quoted Patrick Etim, the legal adviser to IPPI as confirming their resolution adding that banks had taken over investments and assets of oil marketers over unpaid debts.

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Source: Legit.ng

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