Petrol Marketers Gives FG 14-Day-Ultimatum To Pay N650bn Debt

Petrol Marketers Gives FG 14-Day-Ultimatum To Pay N650bn Debt

The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has given the Federal Government a 14-day-ultimatum to pay its debt of N650 billion or else it will down tools.

 

The Executive Secretary of the Association, Mr Olufemi Adewole, said this in a statement issued by DAPPMAN, a copy of which was made available to our correspondent.

 

He said that the government still owed his members N650 billion, which is the outstanding subsidy inherited by the present administration from the previous regimes.

 

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

 

Adewole said that most of the DAPPMAN members had been borrowing to settle their workers’ wages and that they could not continue to incur debt when they have substantial sums owed them by the Federal Government.

 

He said that DAPPMAN would need to lay off some of the workers so that he could pay the remaining ones and as things are now, the association is short of manpower and could shut down anytime after the 14 days deadline.

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