Nigeria, Sept. 24 -- Oil marketers on Tuesday pushed back billionaire businessman Femi Otedola's criticism of petroleum depot businesses.

The oil marketers, through the national president, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, faulted Mr Otedola's advice to depot owners to scale last-mile retail outlets, rather than holding on to tanks built for a fuel import economy that no longer serves the country.

Mr Gillis-Harry noted that Mr Otedola's suggestion to members of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) was to "scrap" their depots, a call the PETROAN president described as insensitive to the struggles of businessmen.

"Otedola's view on markete...