Following the payment of a total of N48.2 billion as arrears of outstanding 2015 subsidy claims to oil marketers, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has asked the government to make foreign exchange available so they can import fuel.
The marketers made their request in a meeting which was chaired by the Minister of Finance, Kemi Adeosun, in Abuja and was attended by Chief Executive Officers of about 44 oil companies in Nigeria.
The marketers said, while they appreciated the release of funds by the Federal Government, except the government instructs the Central Bank of Nigeria to make available foreign exchange to them, the funds remitted to them would remain idle in their accounts.
This is as a result of the difficulty of getting foreign exchange from secondary sources.
Chairman of DAPPMAN, Dapo Abiodun told the minister, “We want to thank you for the recent payment of about N42bn which you made to us last week, but we want to emphasise the fact that this Naira payment will continue to sit in our banks
“We look forward to dialogue with you as to how you can help us expedite the sourcing of foreign exchange to liquidate these positions.”
The minister, in her reply, said the government will do its best to ensure that petrol is readily available.
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