Oil Marketers in Nigeria will get their subsidy claims for importation of petroleum products. This was made known by the Executive Secretary of the agency, Reginald Stanley, while speaking to journalists in Abuja over the weekend at the mid quarter performance review of PMS imports for the fourth quarter of 2011.

"While Marketers have been holding back to Imports due to the unavailability of credit lines by banks, the recent pronouncement of proposed N888billion for subsidy provided in the 2012 budget should give enough comfort, both to the Marketers and Banks to resume imports very aggressively," Stanley said.

He said that the mid quarter performance review of PMS shows 27 percent achievement by marketers, and that payment is already being processed.

"There will be a final appraisal of the fourth quarter performance on the 31st March, 2012 and companies that did not perform up to expectation will not only be sanctioned but will be dropped in subsequent quarters," he added.