Federal Govt, MOMAN disagree on N413b fuel subsidy

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Federal Govt, MOMAN disagree on N413b fuel subsidy


THE last may not have been heard on the fuel
subsidy claims by members of the Major Oil
Marketers Association of Nigeria (MOMAN).

A whopping N413 billion was last week approved
by the Federal Government for the immediate
payment oil marketers’ outstanding claims.

The approval came in the wake of a brewing fuel
shortage and stave off another harrowing
experience of fuel scarcity.

Barely a week after the approval, the Federal
Government and MOMAN are not on the same
page over the gesture.

MOMAN, through its Executive Secretary, Mr.
Obafemi Olawore, told The Nation on telephone,
that foreign exchange differentials and interests on
the loans they obtained from banks were not
captured in the N413 billion.

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Posted By Bobricky On 09:38 Wed, 11 Nov 2015

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