Recent reports have shown that the association made up of oil marketers have actually been at the center of brokering a deal to end the unfortunate strike action with the Federal Government, instead of the other way round.
The Major Oil Marketers Association of Nigeria (MOMAN) stuck to their commitment to ensure availability of petroleum products across the country as they even extended the negotiations to include the oil transporters and unions, who also went on strike based on non-payment of their wages.The encompassing strike was a sad and very avoidable domino effect resulting from the nonpayment of over N280 billion owed the Association members by the Federal government. The resultant effect of governments lackluster approach to dealing with the payment of outstanding monies being owed the marketers resulted in paucity of funds as financial institutions (Banks) refused to honor letters of credit presented by the Marketers to service commitments already undertaken. it became evident as the entire downstream value chain almost collapsed save the timely intervention of MOMAN, despite counting their losses.
According to a stakeholder within the system "workers were massively frustrated, because funds were just not being made available. Simply put, someone in authority at the Federal level just refused to do their Job!" The Unions on their part were very supportive of the MOMAN-led process to resume functional supply duties, especially as they were also hard-hit by the strike action being employers of thousands of daily paid workers within the sector The Association along with the Senate Chairman on Petroleum Resources Magnus Ngei Abe were able to bring together and engage all stakeholders to come to a reasonable agreement in order to alleviate the unwarranted and unnecessary suffering by Nigerians.
Part of the outcome of the stakeholder's session including the resumption of oil product supply, was also the Coordinating Minister of the Economy and Minister of Finance-Dr. Ngozi Okonjo-Iweala assuring members on a position that though negotiation are on-going regarding the outstanding amount payable, the present government recognizes the legitimacy of the associations claims and is committed to the payment of all outstanding and this will also be honored by the in-coming government.
41 comments:
Interesting.. lindaobsv
Ah!
Okay
Hmmmm did I read it all? Dave
Hmmmmm
Seen
Jonathan you want us to suffer bcos we no vote u! Come dey gooooooooooooooooo
a.k.a EDWIN CHINEDU AZUBUKO said..
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I hate this country abeg....
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***CURRENTLY IN JUPITER***
Hmmmm, wht concerns d common man is dat d issue@hand is already resolved, and there is supply of fuel.
Make I no lie....i only read the first 4 lines and the last line. No b my fault nau. No light to charge my phone and jist we must get.
These oil marketers are just silly liars
I watched the meeting they had with Dr Okonjo Iweala, Senator Magnus Abe on channels TV few days ago
Dr NOI accused them of trying to hold the country to ransom just for their own selfish purpose and that no matter what they do she won't release fraudulent funds to them, so where was the fellow who wrote this piece?
What has happened has happened but please these oil marketers should stop with the lies already
They are just panicking bcos they know that their avenue for fraud is coming to an end on friday in sha allah
So dis epistle is unto what end?
"this will be honored by the incoming government"
Just like many mess left by GEJ for Buhari to cleanup.
Finally we bade bye bye to mediocrity.
~BONARIO~says so via NOKIA LUMIA
they should come to an angreement
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At the end of everything dey should make fuel available. Sekina! Linda take note!
At the end of everything dey should make fuel available. Sekina! Linda take note!
Ok ooooo
Hmmmmmmmmmn okay
Issues like this n non payment of salary is available n all jonathan cld think of doing as his final legacy is to buy 5billion naira kerosene stoves for rural women who prefer cooking wit fire wood. Still has guts to cry no money in d country
Danger is not yet over! A see another bigger strike in the coming days ahead cos the new govt is going to remove subsidy and will continue with this negotiation
At least now we know where the ineptitude came from. I'm not surprised at all. Terribly incompetent people in government, let's hope this this rubbish and rot is cleared up so we never have to experience all this avoidable Crap!!!
D most important tin is dat they hav resolve their differences, and d poor man is no longer suffering for wht is abundantly their's in d country.
Nigerians God save us frm d sydrome of d rich getting richer while d poor getting poorer.
God save Nigerian.....Amen
Lmao pele... The one u read too is okay ..
They should put it all behind and work to make petrol available now !
You are so foolish for saying that. Who sabi you?
Loud mouth Bonario! Your own mediocrity oozes so much so that your ugly girl friend abandoned you! Foolish boy hiding under Linda Ikeji! What do you do for a living than do old women? Hmmm mediocrity smells all around you.
Bonario oya zip it
Illitrate so you want them to keep cooking with firewood until there are no trees?
Don't you know global warming?
Why encourage degrading of environments? Blindness caused by hatred.
Hmmmmm! Ok
Linda, maybe the marketers didn't tell you also that they were paid over #150 billion some 2-3 weeks ago. This same govt has owed them almost a trillion naira before, did they shut down services ? Also, how come a commodity like diesel that is not subsidized not made available for sale ? MTN runs on diesel, Banks diesel even majority of public transport runs on diesel, this diesel is not subsidized but was not made available. Inavailability of petrol might not ground commercial activities but absence of petrol will as heavy duty machines (power and transport) run on diesel. Even the #200 billion been asked is not for an actual product but for forex differential. They should save usu those lies. Have also asked them how some fuels were available on the black market ?
Really
Thank you Ifeanyi Ubah's Capital Oil for putting all of them to shame and bailing us out! It took courage to dare them. Now we know you are a good man.
This will pass. Am only angry that some people who know little about their country are confidently saying that GEJ masterminded this development. Too bad.
Dis Bona is just a stupid fellow...
So they are fraudsters. If you know that then your statement indicts the govt as it means govt is dealing with fraudsters all this while.
Well said Bonario. Always sensible statements coming from you,
Please who is this mumu above me talking of global warming. Has global warming killed anybody in Nigeria before? Onye Nzuzu
GEJ, wat sabotage r u referring to?
In as much as GEJ didn't meet up to expectation, i think the strike was out of their selfish interest and a sabotage. Okonjo Iweala stood firm in her words, before they realized their mistake.
What an epic response anon 12:32. You Sabi abeg. You go school. I love you too much Whether you be man or woman. Chei!
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