The Depot and Petroleum Products Marketers Association has said the delay of the payment of outstanding subsidy debts owed to marketers by the Federal Government, will affect loading of petroleum products at depots.
Oil marketers were reported on Monday to have issued a seven-day ultimatum to the Federal Government for the payment of all outstanding subsidy debts, including foreign exchange differentials and interest rate component.
The Executive Secretary, DAPPMAN, Mr Olufemi Adewole, who confirmed the ultimatum, told our correspondent on Monday that the association’s members had been forced to disengage their employees as they were unable to continue to pay salaries.
“We are not on strike; it’s only that we don’t have money to pay our staff. So we had to let them go,” he said.
Adewole said the marketers had been patient enough with the government.
He said, “Let them take as long or short a time they want to take because they said they were going to review the documents again. For as long as it takes them to review the documents, for so long are we going to let the staff go. By the time they conclude, we will have money to pay people that we are bringing back.”
Asked if all the DAPPMAN members had disengaged their employees, he said, “Don’t worry until you see that depots are no longer functioning, and you go round probably sometime next week and see that they are no longer loading, and then they (government) will understand what is on ground.
“We notified the Federal Government early this year that we would disengage our staff. The government showed good faith and pleaded that it would pay us our money immediately and that we should not disengage our staff. We suspended the action to disengage the staff, and kept on borrowing to maintain them.”
The DAPPMAN spokesman noted that it was almost 18 months that the Federal Executive Council approved the payment of subsidy debts to marketers. The Senate had in July this year approved the payment of subsidy claims totalling N348bn to oil marketing companies based on a request by President Muhammadu Buhari.