May 25, 2018

Petrol scarcity to linger over N650b debt (Nation)

Petrol scarcity to linger over N650b debt (Nation)

Respite will not come the way of motorists soon as Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) warms up for a strike that will compound the present petrol crisis.

The Association has given the federal government a 14-day ultimatum to settle a N650 billion debt owed its members.

The money is the outstanding subsidy claims inherited by the government from the previous administration.

The association warned that it would be forced to shut all its depots and disengage workers if the government failed to settle the debt within the period given.

The Executive Secretary of the Association, Olufemi Adewole, gave the 14-day ultimatum in a statement issued in Lagos.

Adewole said members did not have any other option to solve the problem of increasing debt burdens of borrowing to pay staff than to immediately commence massive staff disengagement.

“The unfortunate primary fallout of this step is the likely shut down of all DAPPMAN depots nationwide due to lack of manpower to operate same pending the time the Federal Government will pay off its indebtedness to petroleum marketers. Read more

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