FUEL SCARCITY: National Association of Road Transport Owners (NARTO) suspends strike

National Association of Road Transport Owners (NARTO) on Friday suspended their strike which has caused scarcity of fuel in major parts of the country. According to an official, the agreement was reached with the Major Oil Marketers Association of Nigeria (MOMAN) to suspend their strike.

According to the MOMAN Executive Secretary, Mr Femi Olawore, the marketers are owing members of the transport association about N20 billion and their inability to offset the debt prompted the suspension of the lifting of products. He however said the release of N154 billion to marketers by the Federal Government as part payment of the subsidy, they had in turn offset part of the debt they owed the transporters. He said the the marketers, with the understanding of NARTO members, had given government a grace of two weeks to settle the remaining payments after which the marketers would return to their strike.

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