The federal government has said it would not ask oil marketers who are indebted to some government agencies to immediately offset their debts.
Some of the oil marketers owed billions of naira as subsidy claims, in turn owe various agencies of government such as the Federal Inland Revenue Services (FIRS) and the Asset Management Company of Nigeria (AMCON), different forms of debts. However, the government said it has decided to give the oil marketers more time to settle their debts to the affected agencies, adding that if it pushed for the debts repayment now, most of the marketers would have nothing to take from the N236 billion it planned to pay them as first tranche of the subsidy claims.
The Chief Operating Officer (COO) Downstream of the Nigerian National Petroleum Corporation (NNPC), Mr. Henry Ikem-Obih, explained this after a recent meeting with the marketers in Abuja. He also disclosed that the NNPC has set out an alternative plan to ensure petrol supply across Nigeria would not be disrupted by the strike threat issued by the oil marketers over their demands to be paid the subsidy claims.