The major oil marketers association of Nigeria (MOMAN)
has finally reached an agreement with the government to
begin supplying country with much needed petroleum
products.
Fuel scarcity hits Nigeria’s economy hard.
Magnus Abe, the chairman of the senate committee on
petroleum resources, informed press that a solution to fuel
crisis has just been worked out during the meeting of
MOMAN representatives, major stakeholders in the oil and
gas sector, senate committee on petroleum resources, and
Ngozi Okonjo-Iweala, minister of finance.
“ We have agreed on the following: first is that the minister of
finance will give an undertaking to the Major Marketers and
Depot Managers that the work of the committee being headed
by CBN and PPPR, on the outstanding claims, would be
concluded and be reflected in the hand over notes to the
incoming administration ”, told senator Magnus Abe.
The senator also stated that MOMAN officials had agreed to
begin lifting of petroleum products nationwide within the
next six hours. Besides that the transport cost would be
determined by the National Association of Road Transport
Owners.
He added that the Depot Managers had agreed to open all
their depots nationwide. According to that decision,
petroleum products delivery across the country will be
restarted “ in six hours ”
At the same time the Nigeria union of petroleum and natural
gas workers (NUPENG) and the petroleum and natural gas
senior staff association (PENGASSAN), which had
suspended their activities previously, have also decided to
call off their ongoing strike to end fuel crisis hitting Nigeria’s
economy.
During the meeting, it was agreed that the department of
petroleum resources has the right to revoke the license of
those oil marketers which refuse to lift petroleum products
across Nigeria.
Earlier on Sunday Ifeayin Ubah, the chairman of Capital Oil
and Gas Ltd issued a statement, declaring intention to curb
fuel crisis causing heavy negative impact on Nigerian
economy.
“ We call on other petroleum marketers to follow suit and save
our nation from this impending economic and social crisis, ’’
was told in his statement.
“ Our facility has the capacity to load over 13 million litres of
product before dawn. This comes to approximately 400 trucks
of petroleum products. With this act, it is our belief that once
again our citizens will begin to smile, return to normal family
and work life” assured Nigerians Ifeayin Ubah.
The scarcity comes as the result of dispute between
government and fuel marketers and transporters over
unpaid bills of $1 billion.
Since October 2014 they were unpaid the difference between
real cost of products and fuel price subsidised by outgoing
Goodluck Jonathan’s government.

Jonathan will solve dis problem
Transformation agenda is real
"Change" is fake

OREMUSSANCTUS:
Jonathan will solve dis problem
Transformation agenda is real
"Change" is fake

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na people like the guy wey dey above the guy wey dey above me no dey let naija move forward...

Amen to this