FG To Pay Debts Owed Petroleum Marketers Soon – Adeosun

Nigerian Minister of Finance, Mrs Kemi Adeosun, has promised that the Federal Government will soon pay up the debt owed oil marketers in Nigeria.

The Minister made the pledge on Friday at a meeting with Depot and Petroleum Products Marketing Association (DAPPMA) in Abuja, the Federal Capital Territory.

She assured them of a better working relationship between them and the Federal Government, which he said would ensure steady supply of petroleum products across Nigeria.

On his part, the Chairman of DAPPMA, Mr Dapo Abiodun, appealed for access to foreign exchange ‎to enable them continue with their business.

Aregbesola, Others Get Relief As President Buhari Suspends Deductions

Osun and Edo States Governors

The Minister of Finance, Mrs Kemi Adeosun had during her reports to the National Economic Council (NEC) meeting said President Muhammadu Buhari ordered the suspension of monthly deduction at source for this month, and no such deductions would be made this month from the FAAC allocations to the States

According to Adeosun: "Regarding the salary assistance loans, the Finance Minister informed Council that President Muhammadu Buhari has approved the suspension of monthly deduction at source for this month, and no such deductions would be made this month from the FAAC allocations to the States."

"This is meant by the President to give the States some financial relief at a time the FAAC allocations are dwindling due to the drop in oil prices."

· The Vice President, Prof. Osinbajo during the NEC meeting added that the President will continue to review the situation of the States on an ongoing basis and take appropriate relief measures as necessary and possible.