Fuel Scarcity: FG Pays N41bn To 27 Oil Marketers.



Federal Government has paid N41.074billion to 27 oil marketers as fuel subsidy.
This was confirmed by the Special Adviser on Communications to the Minister of Finance, Mr Paul Nwabuikwu, yesterday, adding that the government had successfully verified the claim made by the oil marketers before payment was effected.
He noted that the ministry would continue to ensure transparency and accountability in the management of the fuel subsidy regime.
Paul Nwabuike listed some of the marketers who benefitted from the payment to include: A-Z Petroleum Products Ltd, AcornPetroleum Plc, Aiteo Energy Resource Ltd, Ascon Oil and Gas Company Ltd, and Avidor Oil and Gas Company, others are Conoil Plc, Dee Jones Petroleum and Gas Ltd, Dozzy Oil and Gas Ltd, Folawiyo Energy Ltd, Gulf Treasures Ltd, Hudson Petroleum Ltd, Hyde Energy Nigeria Ltd, Ibafon Oil Ltd and Masters Energy Oil and Gas Ltd.
Others are: Matrix Energy Ltd, Mobil Oil Nigeria Plc, MRS Oil and Gas Company Ltd, Nepal Oil and Gas Ltd, NIPCO Plc, NorthWest Petroluem and Gas Ltd Oando Plc, Obat Oil and Gas, Rainoil Ltd, Shorelink Oil and Gas Ltd, Techno Oil Ltd, Tempogate Oil and Energy Ltd and Total Nigeria Plc.
It will be recall that Independent Petroleum Marketers Association of Nigeria had earlier attributed the fuel shortage in the country to the inability of the Federal Government to pay their outstanding subsidy claims.
IPMAN had said that over six months subsidy arrears were yet to be paid by the government, stressing that  the prevailing shortage of fuel supply across the country may linger as marketers would no longer import petroleum products unless government clear the arrears.
The association’s National President, Mr Aminu Abdulkardir, said that with the present situation, Nigeria currently relied only on the 450,000 barrel of crude allocated to the Nigerian National Petroleum Corporation.
This, he said, amounted to 50 per cent of the country’s consumption per quarter for its fuel supply needs.
Abdulkardir noted that Nigerians would have to go through the difficulties of fuel scarcity this time due to none payment of accumulated fuel subsidy claims owed marketers in the past nine months.
He said, “The current contraction in the supply of the product is a result of none payment of marketers subsidy. Quarter four has not been paid completely and we are now in quarter one. Our national consumption today is being supplied by the NNPC. And it is only that 50 per cent of NNPC product that is in circulation.
“They have stepped up their supply trying to make what every stakeholder is supposed to be doing, but it is evidently clear that they alone cannot do it. I therefore use this medium to appeal to the Ministry of Finance, to as a matter of urgency, intervene and pay marketers accordingly so that the argumentation of this shortfall can be achieved in a short while and this scarcity will be a thing of the past.”


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