Nigerians may be in for
a round of fuel scarcity this new year, as marketers have stopped importation
of the product.
Marketers under the aegis of Depot and Petroleum Products
Marketers Association (DAPPMA) said that the N660 billion debt owed them
by the Federal Government for products already imported, coupled with interest
on bank loans had been their major hindrance to petroleum importation.
According to the Executive Secretary, Mr Olufemi Adewole, most marketers had stopped importing fuel due to government’s refusal to pay outstanding debt owed. “The inability to pay or service the loans has not only stalled further importation of fuel but is threatening the operation of the affected banks and the nation’s financial industry at large.
According to the Executive Secretary, Mr Olufemi Adewole, most marketers had stopped importing fuel due to government’s refusal to pay outstanding debt owed. “The inability to pay or service the loans has not only stalled further importation of fuel but is threatening the operation of the affected banks and the nation’s financial industry at large.
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