The Depot and Petroleum Products Marketers Association (DAPPMA) has suspended its earlier directive to commence shutdown of depots across the country and stop loading petroleum products effective from midnight of Sunday.

The directive to suspend the action was conveyed in a statement issued around 1.20am on Monday by DAPPMA’s Executive Secretary, Mr Olufemi Adewole, in Lagos.

The association had issued a shut-down directive to its members following the continuing indebtedness of the Federal Government to petroleum marketers.

“However, following the intervention of well-meaning Nigerians, including the National Assembly as represented by the Senate Committee of Petroleum Downstream and constructive engagement of the Federal Government team by the labour unions most affected by the disengagement of our personnel, namely, PENGASSAN, NUPENG NARTO,PTD,and DAPPMA.

“The union has resolved to recall its disengaged personnel for 5-days to give the FG’s team the opportunity to conclude its process of paying marketers the full outstanding of N800 billion with the first trench being the amount already approved by the Federal Executive Council (FEC)

“The association has acted in good faith to avoid unnecessary hardship which could befall Nigerians during the yuletide season and we hope that government would make good its promise to see that those issues are resolved by Friday, Dec., 14, 2018 as promised.

“To this, end, our disengaged personnel would be recalled on Monday, Dec. 10 and considering the reactivation time or hitherto shut down system, all depots with fuel stock should be fully active same day,’’ the statement said.

The statement said further that the conclusion of the debts payment would curtail the continuing wastage of public funds as interest accruing on the over N800 billion debt.

“DAPPMA depots are therefore advised to commence loading operations immediately and await further notification in respect of our long overdue payment.

DAPPAMA had on early on Sunday directed its members to shut down all loading operations by midnight, adding that oil marketers had disengaged employees due to their inability to pay salaries.

It said that the Association took a bold step to stop the financial haemorrhaging of its members by the painful disengagement of its loyal workers after over three years of engaging with the government in the efforts to secure the payment of all subsidy induced debt owed marketers.

According to DAPPMA, to avoid owing staff without any hope of pay, it is hereby agreed that since all our staff have been disengaged, all DAPPMAN member depot are not in a position to operate hence will shut down all loading at midnight

DAPPMA said that the decision of government to settle N236 billion out of the outstanding N800 subsidy arrears was not acceptable to DAPPMA members, leading to last week’s Thursday meeting which ended in a deadlock.

They explained that the decision of government to pay the N236 billion through promissory notes was equally rejected by the oil marketers.

‘‘As the name suggest, promissory note is a payment instrument that is post dated. Based on this when you approach the banks with the instrument, you don’t get the actual value on it.

“About 30 per cent is knocked off because Government will be making the payment at a later date which ties down the bank’s capital’’’ he said.

Source: https://naijapolitico.com.ng/petrol-flows-as-dappma-rescinds-directive/

Good news, I hope they will not come and deny this news later, for once let's enjoy this yuletide season with out fuel scarcity

Better for them, they prefer going on strike during Xmas to cause fuel scarcity.

Why are they toying with us naaa...Ok it's beta....should be postponed to January.....on a lighter mood.

Another bad news for the PDP..

Obvious politicking in play..Backyard settlement.. Anything to win next year election..



Back to Daura/Sudan 2019 is the only next level for Nigeria

Better o

Some things makes Xmas interesting and memorable and that's Fuel scarcity/Price Hike.

Nigerians already plans for it Bring it back biko no disappoint us

Sai baba buhari. Doing what PDP could never do. So Christmas go sweet las las

PDP wont like this at all, they must go on strike

They will still proceed ...wait and see

Sai Baba

The only solution is to allow everyone in the downstream....marketers, depot owners, etc...sell oil at the price they want.

NNPC should also be made private, and DPR should stop regulating prices.

Yes, fuel will shoot up to N250 per liter. Yes, my salary will begin to look smaller and smaller....

But investment will flow in, we may even get new refineries....and at the end of the day, prices might begin to fall.

And all this scam, all this 'Baru economics' at NNPC will come to an end.

Oil subsidy has to go

If GSM could be deregulated, if we were paying N10000 for SIM in 2003...now N500 thanks to the fact that investment flowed in easily without price controls....and look at where we are now...why not petorleum?

Would we like it if Bubu started telling us to sell our goods and services at prices below what we bought them for?

Good morning to you all. Please i want Nigerians to ask FIDELITY BANK to return my money 10,000 that has been collected from my account since 28th of October 2018 oh. Their banking system is faulty. Another 3,500 Naira was debited yesterday again. I was charged twice from a pos and only one of the transaction went through but i was debited twice.

Kenekingisback:
They will still proceed ...wait and see

And if they don't, go and kill yourself.

Somehow somehow, there'll be fuel scarcity. It's an annual event around mid to late December

Get your choice of car here

Contact me to get the available Toyota corolla 2005-08140897951

The give away price is 1.3m

I done store fuel for d year. These economic saboteurs can't be trusted

Great news

Colourich:
Better for them, they prefer going on strike during Xmas to cause fuel scarcity.

U can say that again pure sabotage when they know that Christians are traveling for celebration and new year a general celebration if its not sabotage why not strike in the months of June or any month without a religious celebration since this matter has been on for years

noisemakers

OK

Hmmmm

(fingers crossed)

“However, following the intervention of well-meaning Nigerians, including the National Assembly as represented by the Senate Committee of Petroleum Downstream and constructive engagement of the Federal Government team by the labour unions most affected by the disengagement of our personnel, namely, PENGASSAN, NUPENG NARTO,PTD,and DAPPMA”.

The bold says all about the motive of the strike action.

It was to score a political point at the expense of the people’s convenience.

This National Assembly memebers are pure evil.