After what has been a torrid few days for Nigerians, the Major Oil Marketers Association of Nigeria have revealed that they will call off their strike action.
The executive secretary of MOMAN, Mr Femi Olawore, revealed that the body had reached an agreement with the National Association of Road Transport Owners to suspend their strike.
According to him, 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.
The recent release of N154 billion to marketers by the Federal Government as part payment of the subsidy, has helped them offset part of the debt they owed the transporters.
Olawore said government had yet to redeem N200 billion it is owing the marketers as subsidy payment.
He said the the marketers, with the understanding of NARTO members, had given government a grace of two weeks to settle the remaining payments.
“We have scheduled to meet with the Coordinating Minister of the Economy on Monday, but if the meeting fails to address the issue we have tabled, then we will continue with the action” he warned.