Petrol scarcity: NARTO cancels strike

firstclassnewsline.net

Firstclass newsline gathtered that the Major Oil Marketers Association
of Nigeria on Friday reached a truce with the National Association of
Road Transport Owners to suspend their strike, according to an
official.
MOMAN Executive Secretary, Mr Femi Olawore, made this known while
speaking with newsmen on the ongoing impasse with the government over
outstanding fuel subsidy payment.
According to him, the marketers are owing members of the transport
association about N20 billion and their inability to offset the debt
prompted the suspension of the lifting of products.
However, he said, following the release of N154 billion to marketers
by the Federal Government as part payment of the subsidy, they had in
turn offset part of the debt they owed the transporters.
Olawore said government had yet to redeem N200 billion it is owing
the marketers as subsidy payment.
He said the the marketers, with the understanding of NARTO members,
had given government a grace of two weeks to settle the remaining
payments.
"We have scheduled to meet with the Coordinating Minister of the
Economy on Monday, but if the meeting fails to address the issue we
have tabled, then we will continue with the action" he warned.
According to him, some of their members have started receiving
payment, adding that the marketers will pay NARTO in proportion of
what had been received.
Olawore said the marketers were ready to cooperate with the government
but warned that unless the payment was made in two weeks, the
marketers would return to their action.
Firstclassnewsline.net