Indications emerged yesterday that the seven days strike threat oil marketers gave the Federal Government to settle their N800billion fuel subsidy may not hold water due to aggressive moves by the Nigerian National Petroleum Corporation to quell the crisis as well as a seeming vote of no confidence on the exercise by some of the marketers.
Ndu Ughamadu, spokesman of the NNPC, said that the corporation is engaging marketers’ bodies, Federal Ministry of Finance and Debt Management Office on the issue.
He expressed optimism about the prompt resolution of the matter and urged Nigerians not to embark on panic buying of petroleum products due to the planned strike.
He added:” Going by positive outcomes, so far, we are optimistic of a prompt resolution of the contending matter. No cause for worries. We have a robust fuel stock and high sufficiency level. Consumers should not panic.
Besides, our correspondent gathered that the Independent Petroleum Marketers of Nigeria (IPMAN) have backed out of the planned strike of other marketers on the ground that it was ill-timed. Read more
