Nigeria: FG Owes Oil Marketers N70 Billion - Moman

9 December 2008

Lagos — THE federal government is still owing marketers of petroleum products in the country the sum of N69.99 billion as part of unpaid bridging and petroleum subsidy fund meant to augment the high costs of products importation and distribution.

This was the position of the Executive Secretary of the Major Oil Marketers Association of Nigeria (MOMAN) Mr. Femi Olawore while addressing energy correspondents during the recently held one day workshop seminar on oil and gas projects funding, organised by the National Association of Energy Correspondent (NAEC) in Lagos recently.

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