Vanguard (Lagos)

4 April 2014

Nigeria: Subsidy - Tank Farm Owners Urge FG to Pay All Importers

Lagos — Tank farm owners on Friday appealed to the Federal Government to pay the subsidy due to all petroleum products importers to enable the association members be in business.

Also the Nigerian Ports Authority (NPA) have said that more vessels carrying petroleum products have arrived in the Lagos ports.

Mr Enoch Kanawa, Executive Secretary, Jetty Owners and Petroleum Tank Farm Owners Association of Nigeria, made the appeal in an interview in Lagos.

Kanawa said that for weeks now, tank farm owners had not had petroleum products to distribute.

"This has affected majority of our members because the Depot and Petroleum Products Marketers Association of Nigeria, (DAPPMAN), which supply products to the tank farms, had not been paid," he said.

When contacted, an official of DAPPMAN, who preferred anonymity, said the association members were yet to get subsidy for products imported.

The official said the 47 members of the association were being owed N47 billion.

He said that the interests to be paid on the loans which the members took from the banks to import petrol had risen to N7 billion.

He said that the government had always advocated that there should be a level playing ground where all parties should be treated equally.

He said that the association members should also be settled to stop the scarcity if other oil marketers had been paid.

Kanawa appealed to the Federal Government to pay the association members to ease scarcity of petroleum products.

Also the Nigerian Ports Authority (NPA) have said that more vessels carrying petroleum products have arrived in the Lagos ports.

The NPA disclosed this in its daily publication, "Shipping Position", on Friday in Lagos.

It said that two vessels, carrying general cargo, had also arrived and waiting to berth at the various terminals.

The NPA also said that it was expecting the arrival of 51 vessels at the Lagos ports from April 4 to April 30.

A breakdown of the ships showed that 21 will sail in with empty containers, while 18 others would come in with food items including frozen fish, bulk malt and wheat.

"General cargoes are expected to be brought in seven vessels, one vessel will bring vehicles ,while four vessels will sail in with petroleum products," it said. (NAN)

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