NOTWITHSTANDING agreements with oil marketers to distribute fuel brought in by the Nigerian National Petroleum Company, NNPC, Oando Plc said it will continue to import Premium Motor Spirit, PMS, also known as petrol despite the huge debt owed marketers.
The oil company also said that it had put in place measures to ensure tranquillity in the system, since marketers have been promised that they will be paid.
Recall that a couple of months ago, Oando and other Major Oil Marketers Association of Nigeria, MOMAN, had threatened to discontinue the importation of petrol due to outstanding debts of over N40.6billion in subsidy claims owed by the Federal Government.
They are not the only oil marketers being owed. Nigeria has a fund for subsidy.
So why is the government still owing them?
Where is the subsidy fund?
Change!!!
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