Federal Government orders immediate payment of N150billion to oil marketers

 

 
   The federal government has ordered the payment of 150 billion naira to Independent oil marketers across the country.

    A move by the government to disregard threats of abridging  steady supply of petroleum products within the nation.
   Chief of Staff to President Muhammadu Buhari, Abba Kyari gave the order at a meeting he had with key players in the downstream sector of the petroleum industry yesterday in Abuja.
   According to reports, The national secretary of the Independent Petroleum Marketers Association of Nigeria, Zarma Mustapha who spoke to  journalists after the meeting, clarified that the gathering was not about fuel increase but on the disbursement of the N150 billion which is accrued to the marketers as bridging costs.
   Mustapha, who urged marketers to return to work based on the assurances from government on the immediate payment of the fund.
   He also disregarded fears over anticipated increase in pump prices of Premium Motor Spirit, PMS,  promising that as soon the payment is made to them the pump price for PMS could reduce to N140 per litter.