Respite seems to be coming the ways of Nigerians as the major oil marketers under the auspices of the major oil marketers association of Nigeria (MOMAN) has reached an agreement with the federal government to begin lifting of petroleum products across the country “in six hours”.
According to Magnus Abe, chairman of the senate committee on petroleum resources, the resolution was reached after a meeting of MOMAN and the committee with Ngozi Okonjo-Iweala, minister of finance and coordinating minister for the economy; Joseph Dawha, group managing director of the Nigeria national petroleum corporation (NNPC) and major stakeholders in the oil and gas sector.
Also, the Nigeria union of petroleum and natural gas workers (NUPENG) and the petroleum and natural gas senior staff association (PENGASSAN) have suspended their industrial actions.
It will be noted that Nigerians have been grappling with fuel scarcity across the nation and it is leading the country to an economic shutdown. The oil marketers are requesting for $159 billion to paid which they said is for the differentials forex exchange (the difference in the exchange rate at which they obtained loans from the bank and what they paid for the products).