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FG, petroleum entrepreneurs agree on agreement of unpaid claims


The Federal Government and petroleum entrepreneurs have agreed at the agreement of remarkable claims and confident that operations in any respect depots and gross sales will proceed till additional realize.

This is contained in a commentary via Mr Paul Abechi, Special Assistant on Media and Communications to the Minister of Finance, Mrs Zainab Ahmed, on Thursday in Abuja.

He mentioned it was once contained in a commentary collectively signed via officials of the Federal Government and representatives of the petroleum entrepreneurs after a joint assembly on Thursday.

According to him, the petroleum entrepreneurs expressed pleasure over the association being made via the Federal Government to settle their claims and confident the contributors of the general public of availability of petroleum merchandise.

He mentioned that the assembly which was once held on the Ministry of Finance in Abuja, had in attendance senior government officials from the Ministry of Finance, the Debt Management Office (DMO), the Nigerian National Petroleum Corporation (NNPC) and the Central Bank of Nigeria (CBN).

Others provide had been officials from the Budget Office of the Federation, the Office of the Accountant-General of the Federation and the Petroleum Products Pricing Regulatory Agency (PPRA).

Also in attendance at the a part of the petroleum entrepreneurs had been representatives from the Depot and Petroleum Products Marketers Association (DAPPMA), Major Oil Marketers Association of Nigeria (MOMAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN).

Abechi mentioned, “the DAPPMA, MOMAN and IPMAN with the Federal Government delegation assembly held on the Ministry of Finance in Abuja on Thursday, agreed that operations in any respect depots and gross sales will proceed till additional realize.

“After a gathering held these days with senior government officials from the Ministry of Finance, the DMO, NNPC, CBN, the Budget Office of the Federation, the Office of the Accountant-General of the Federation and the PPPRA, we’re happy with the preparations being made via the government to settle the claims of petroleum entrepreneurs.

“The discussions confirmed that the government has considered the troubles and is reviewing the preliminary procedure licensed via it for the agreement.

“We imagine that this displays the government’s responsiveness to the desire for the claims to be settled in a well timed way.

“We hereby need to reassure the contributors of the general public at the availability of Petroleum Motor Spirit (PMS), and we urge the general public to not panic, as there shall be no gasoline shortage.

“The engagement of the two sides will continue on Monday”, he mentioned.

                   ALSO READ: Ore depot: entrepreneurs urge NNPC to mend depot after 8yrs overlook

The News Agency of Nigeria (NAN), reviews that the Federal Government commenced the speeded up implementation of agreement of government arrears thru promissory notes to grease entrepreneurs.

The duties because of the oil entrepreneurs constitute hobby accruals and foreign currency echange differentials and the  implementation is in step with the method licensed via the Federal Executive Council (FEC).

After the approval via FEC, President Muhammadu Buhari offered a request to NASS, as required via the Fiscal Responsibility Act, 2007.

The current management as one among its methods to handle inherited arrears to more than a few contractors, licensed the issuance of promissory notes to more than a few classes of collectors.

The classes of collectors for whom the agreement of arrears was once licensed via FEC come with pensioners and group of workers, contractors, development companies, exporters, DisCos, GenCos, State Governments, Judgement Debts and the petroleum entrepreneurs. (NAN)

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