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LequteMan
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Nigeria - Minister of Finance, Dr. Ngozi Okonjo-Iweala has disagreed with oil marketers on the amount owed by the government in outstanding subsidy claims, a Punch report says.
Mr. Thomas Olawore, Executive Secretary of Major Oil Marketers Association of Nigeria, had on Sunday said that the government had paid N154.2bn out of the N354.4bn it owed the independent and major marketers as well as the depot owners, leaving a balance of N200.2bn.
However, Okonjo-Iweala said this figure could not be correct, noting that the balance that was left based on the PPPRA’s template was about N131bn.
“As you know, we paid N156bn recently, N100bn of the principal payment that we owe them; and then, we paid N56bn interest rate and some remaining exchange rate differentials. Prior to that, we just paid N31bn exchange rate differentials. So, at the time we paid that last week, what we had outstanding was N98bn," she said.
#Nigeria #OkojoIweala #Fuel #Petrol #Subsidy
Mr. Thomas Olawore, Executive Secretary of Major Oil Marketers Association of Nigeria, had on Sunday said that the government had paid N154.2bn out of the N354.4bn it owed the independent and major marketers as well as the depot owners, leaving a balance of N200.2bn.
However, Okonjo-Iweala said this figure could not be correct, noting that the balance that was left based on the PPPRA’s template was about N131bn.
“As you know, we paid N156bn recently, N100bn of the principal payment that we owe them; and then, we paid N56bn interest rate and some remaining exchange rate differentials. Prior to that, we just paid N31bn exchange rate differentials. So, at the time we paid that last week, what we had outstanding was N98bn," she said.
#Nigeria #OkojoIweala #Fuel #Petrol #Subsidy
