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Oil Marketers suspend strike in Nigeria

This is good news.The major oil marketers have suspended their strike.For days now, Nigerians have had it so rough getting fuel from filling stations. 

Here is how Punch reported the story

Major Oil Marketers Association of Nigeria on Friday reached an agreement with the National Association of Road Transport Owners to suspend their strike,
according to an official.

MOMAN Executive Secretary, Mr Femi Olawore,
made this known while speaking with newsmen on
the ongoing impasse with the government over
outstanding fuel subsidy
payment.

According to him, the marketers are owing
members of the transport association about N20
billion and their inability to offset the debt prompted
the suspension of the lifting of products.

However, he said, following the release of N154
billion to marketers by the Federal Government as
part payment of the subsidy, they had in turn offset
part of the debt they owed the transporters.

Olawore said government had yet to redeem N200
billion it is owing the marketers as subsidy
payment.

He said the the marketers, with the understanding
of NARTO members, had given government a grace of two weeks to settle the remaining payments.

“We have scheduled to meet with the Coordinating
Minister of the Economy on Monday, but if the
meeting fails to address the issue we have tabled,
then we will continue with the action” he warned.

According to him, some of their members have
started receiving payment, adding that the
marketers will pay NARTO in proportion of what had been received.

Olawore said the marketers were ready to
cooperate with the government but warned that
unless the payment was made in two weeks, the
marketers would return to their action.

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