BREAKING NEWs:FG, oil marketers resolve subsidy debt controversy....Assures Nigerians of fuel scarcity elimination

firstclassnewsline.net

Firstclass newsline learnt that the meeting, presided over by the
Minister of Finance, Dr Ngozi Omonjo-Iweala, was held at the
headquarters of the Ministry of Finance in Abuja.
It was also resolved at the meeting, which was attended by
representatives of MOMAN and some senior officials in the finance
ministry, that outstanding subsidy claims would be paid even after a
new government takes over power.
At the end of the meeting, which lasted over four hours,
Okonjo-Iweala, who briefed journalists in company with the Executive
Secretary, MOMAN, Mr. Thomas Olawore, said the issues that led to the
scarcity had been resolved.
She said based on the discussions at the meeting, the Federal
Government and the oil marketers had both agreed to bring an end to
the fuel scarcity problem.
The minister added, "We have appealed to them (oil marketers) and you
have heard them saying, following the payment of the N154bn, things
will ease off.
"We ve spent a considerable time talking about this and we welcome the
news that have been announced by the marketers and we thank them.
"On our own side, we have discussed the issues they have put on the
table and we are looking into them, government is a continuum and you
find out that whatever the issues are, they would be resolved so that
Nigerians will not suffer."
When asked how the controversy surrounding the actual outstanding
subsidy arrears, being owed the marketers was resolved, the minister
said it would be difficult to get the exact debt owing to what she
described as the "rolling"nature of the business.
She, however, said with the understanding reached with the marketers,
all the outstanding debts owed would be paid based on claims processed
by Petroleum Pricing Products Regulatory Agency
The minister said, "What I want you to understand is that this is a
rolling business and there is no one definitive figure."
Firstclassnewsline.net