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Published On: Fri, Nov 14th, 2014

Diezani to intervene on outstanding payments to oil marketers

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diezani-allison-maduekeBy Etuka Sunday

  • Reschedules Gas Revolution Industrial Park ground breaking

The Minister of Petroleum Resources, Mrs Diezani Alison-Madueke has pledged to wade into an unresolved issue of outstanding arrears of fuel subvention owed petroleum marketers by ensuring that they are paid by November end.

A statement by the Group General Manager, Group Public Affairs Division, NNPC, Ohi Alegbe quoted the minister to have given the assurance at a meeting with members of the Depot Owners and Petroleum

Products Marketers Association (DAPPMA) and Major Oil Marketers Association of Nigeria (MOMAN) in Abuja yesterday.

Diezani disclosed to the members that she was already in consultation with the Minister of Finance on the issue.

She also disclosed that she has already briefed President Goodluck Jonathan on the implications of the continued delay in the payment of subsidy to the marketers, adding that she has also scheduled a meeting with the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emiefele, to work out ways of getting the banks from making good their threats to withdraw facility lines from the marketers on account of the debts arising from the delay in settling petroleum subsidy arrears.

Speaking earlier, the Chairman of DAPPMA, Mr Dapo Abiodun, urged the Minister to intervene to sort out the issue before it degenerates into another bout of fuel scarcity in the country.

The Executive Secretary of MOMAN, Obafemi Olawore, on his part stated that already stocks of petrol in the various depots in Apapa, Lagos, are fast getting depleted, urging the Minister not to allow the nation get to the point where products dry up from the depots first before intervening as such a situation will not augur well for the country, especially at this time of approaching end of year festivities.

The petroleum products marketers expressed their gratitude to the Minister, adding that they felt reassured by her promise to ensure that the subsidy arrears are settled by the end of the month.

Meanwhile, the minister following consultations with the Executive Governor of Delta State, Dr. Emmanuel Eweta Uduaghan has announced the rescheduling of the Ground Breaking Ceremony of the Gas Revolution Industrial Park earlier billed for Friday, November 14th, 2014 at the GRIP Project site, Warri South West LGA of Delta State, due to unresolved community issues.

A statement by the Permanent Secretary, Ministry of Petroleum Resources, Dr. Jamila Shu’ara said, while expressing regret for the inconveniences the postponement may pose to various stakeholders, the

Honourable Minister assured that the GRIP project is still on course and that a new date would be communicated to investors and the general public as soon as possible.

 

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