NNPC engages DMO, finance ministry to forestall depots shutdown

The Nigerian National Petroleum Corporation (NNPC), yesterday began engagement with the Federal Ministry of Finance, Debt Management Office (DMO), Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA and Independent Petroleum Products Importers (IPPI) to avert the shutdown of petrol depots across the country.

It was learnt from the Group General Manager, Group Public Affairs Division of the corporation, Ndu Ughamadu that there is assurance the issues will be resolved amicably soon. The NNPC spokesman, in a text message, also said there was no cause for alarm, saying the corporation has sufficient stock levels.

The marketers had on Sunday in Lagos given the government a seven-day ultimatum to pay them the outstanding N800billion debt of fuel subsidy claim. They warned the government that its failure to settle the debt would result in the withdrawal of their staff and closure of their depots.

Source: The Nation

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