Marketers receive N236bn promissory notes as FG attempts to pay off subsidy debts

Petroleum products marketers on Monday confirmed they have started collecting the N236 billion promissory notes for their outstanding subsidy debts. The payment is an implementation of the federal government’s promise to pay them latest last Friday.

The Executive Secretary, Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Olufemi Adewole, said in an interview that marketers began to collect the payments on Friday.

“I can confirm to you government made good its promise to deliver promissory notes to marketers on Friday. Our members have been collecting it. We appreciate government’s gesture, especially the president, who stepped in to ensure the matter was resolved amicably speedily,” he said.

Source: Premium Times



Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...