Even if they paid all the N470 billion, it will still not be enough to
pay off our foreign suppliers because the dollar value of what we
require to offset matured debts is over $2 billion.
Reports say oil marketers are not happy, because the Federal Government has not fulfilled their promise of offsetting their outstanding October and November claims.
An oil market who spoke to Punch Newspapers said “We
had another meeting with the Vice President (Yemi Osinbajo) two weeks
ago and he promised that they would pay us. Right now I can tell you
that no marketer has any money or line of credit to import even one
litre of fuel.
“The last time any
marketer was paid claims was July 31, 2014. Since August 1, 2014, no
marketer has received anything. The total outstanding claims between
August 1 and now are about N470 billion.”
The marketer also said “Even
if they paid all the N470 billion, it will still not be enough to pay
off our foreign suppliers because the dollar value of what we require to
offset matured debts is over $2 billion. The CBN Governor promised to
help us, but nothing has happened.”
Punch Newspapers also reports that the Central Bank of Nigeria (CBN) has also not fulfilled its promise to help the oil marketers, get foreign currency (dollars), to pay their foreign suppliers.
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