FG pays N56.8bn petrol subsidy claims to marketers

The Federal Government has released fresh N56.80bn as subsidy claims to oil marketers. The payment was confirmed by the Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Monday in Abuja. The minister, in a statement issued by her Special Adviser on Communications, Mr. Paul Nwabuikwu, said the fresh N56.8bn brought the total amount released so far for the 2013 fiscal period to N192.50bn. According to the statement, 19 oil marketers with about 39 claims benefited from the fresh subsidy payment.

The companies include AITEO Energy Resources Limited; ASCON Oil Company Limited; A-Z Petroleum Products Limited; BOVAS and Company; Folawiyo Energy Limited; Forte Oil Plc; Gulf Treasures Limited; and Integrated Oil and Gas Limited.

Others are Masters Energy Oil and Gas Limited; Mobil Oil Nigeria Plc; NIPCO Plc; Rahamaniyya Oil and Gas Limited; RainOil Limited; Sahara Energy Resources Limited; Shorelink Oil and Gas Services Limited; Swift Oil Limited; Techno Oil Limited and Total Nigeria Plc

The statement said the payment was made in line with the commitment of the Federal Ministry of Finance to manage fuel subsidy payments in a transparent and efficient manner that would protect and enhance the interests of the Nigerian people. Read more

About Author: Integrity Org

Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.

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