FG to pay Oil marketers N156billion oil Subsidy Claims

                                     

To help ease the Nationwide  fuel shortage,the Coordinating Minister of Economy and Finance Dr Ngozi Iweala said on Wednesday that the Federal Government will disburse N156 billion to oil marketers

Speaking to Journalist in Abuja,she said the amount due to Oil marketers includes N100 billion in IOU's a document acknowledging that government own them,which was at the moment due and as well as  interest rate differentials of N56 billion

 “On the issue of oil marketers, we have really been working with them and we have been dialoguing with them all along. We paid them N350 billion in December, we paid them N31 billion for foreign exchange differentials; and by tomorrow, we will be paying them N100 billion which we gave them as IOUs as well as their interest rate differentials of N56 billion.

“So I am about to go and sign to get that paid and I think Nigerians would agree that government is making maximum efforts to accommodate the oil marketers. They are also Nigerians and they also need to cooperate with us…

“In this very difficult environment where revenues are constrained, we are doing our maximum, we have prioritised them because we don't want Nigerians to suffer. But they (marketers) too need to cooperate with Nigerians and also be good and patriotic citizens.”