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Government commences process to pay outstanding subsidy claims to oil marketers

24 March 2014, 21:36

Abuja - The Federal Ministry of Finance has started processing documents for the payment of outstanding subsidy claims to oil marketers.

The Media Adviser to the Minister of Finance, Paul Nwabuikwu, made this known in Abuja.

Nwabuikwu said the ministry often waited for Petroleum Products Pricing Regulatory Agency (PPPRA) to screen and submit documents of the subsidy claims of the marketers.

He confirmed that the last documents received from PPPRA were for claims amounting to N41 billion, adding that the money was processed and paid immediately to the marketers.

Earlier in a press conference in Abuja, President of Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Aminu Abdulkadir, claimed that the government owed the members N110 billion subsidy claims.

Abdulkadir admitted that N41 billion was recently paid to the members, but said that it was from an outstanding debt of N151 billion to the marketers.

He, however, appealed to members of the association for patience over the balance of N110 billion, saying that he was aware that the process for the payment had begun.

“Efforts from the Ministry of Finance made it possible for about N41 billion to be released and I believe that the ministry is doing everything possible to pay up the balance.

“They are processing all our documents to be able to pay the outstanding balance which cuts across board,” he said.


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