Nigeria’s powerful fuel marketers have threatened to shut down their depots to make sure the essential liquid does not flow during this Christmas period unless the government pays them subsidy arears.

The state oil company, the Nigeria National Petroleum Corporation, NNPC had come out after the marketers issued the threat, to say that there is no cause for concern since it had enough fuel to serve the nation throughout the period.

But it appears the government, or at least the economic managers, are taking NNPC’s assurances with a pinch of salt.

On Thursday, the Minister of Finance, Zainab Ahmed, and representatives from the Central Bank of Nigeria, CBN met with the oil marketers to avert any incidents of fuel scarcity within the yuletide.

The meeting, which held in Abuja, also had the Debt Management Office, DMO in attendance.

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Ahmed, who was represented by the permanent secretary of the ministry of finance, said the marketers agreed to keep all depots working to avert scarcity.

“Minister of Finance, represented by PSF, CBN, DMO and others met and agreed with the Depot and Petroleum Products Marketers Association, Major Oil Marketers Association of Nigeria, Independent Petroleum Marketers, that operations at all depots and sales will continue,” the ministry of finance said via Twitter.

“Oil marketers have all agreed that operations at all depots and sales will continue unhindered.”

The minister reassured Nigerians that premium motor spirit (PMS) will be available throughout the yuletide season.

“Members of the general public are hereby reassured of the availability of PMS as there will be no fuel scarcity,” she said, adding that “engagements between the FG and marketers will continue”.

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