Northern Nigerian Breaking News

Petrol scarcity imminent over N500b bridging claims- IPMAN warns

5

The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Monday warned that fuel scarcity is imminent over failure to pay marketers their bridging claims of N500 billion

Solacebase reports that bridging claims is the cost of hauling petroleum products from refineries and depots to fuel stations.

Addressing a news conference in Kano, the state’s chairman of IPMAN, Alhaji Bashir Danmalam, called on the Federal Government to prevail on the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to pay its members.

He said the debt had forced many IPMAN members out of business.

“The non-payment of the debt for over eight months has crippled the businesses of many members as they cannot transport available petroleum products.

5th aNNI

- Advertisement -

Read Also:Fuel Scarcity : 6 arrested over price hike in Kano

“The resurfacing of fuel queues in Abuja is just a tip of the iceberg.

“Only 5 per cent of marketers are still in business,’’ Danmalam lamented.

He noted that since the merging of the Department of Petroleum Resources, the Petroleum Equalisation Fund, and the Petroleum Products Pricing Regulatory Agency into the NMDPRA, the agency had paid marketers only twice.

Danmalam called on the Federal Government to intervene before the situation degenerated into a serious fuel crisis spread to other parts of the country.

“We are not agitating for transportation fee increase; we are only clamouring for payment of our bridging claims that is more than N500 billion,’’ he stressed. (NAN)

5 Comments
  1. Clinton Mincer says

    Nice blog here! Also your site loads up very fast! What web host are you using? Can I get your affiliate link to your host? I wish my website loaded up as quickly as yours lol

  2. how to hire a hacker says

    you’re really a good webmaster. The web site loading speed is incredible. It seems that you’re doing any unique trick. Also, The contents are masterwork. you have done a magnificent job on this topic!

  3. zorivare worilon says

    Great write-up, I am normal visitor of one’s web site, maintain up the nice operate, and It is going to be a regular visitor for a lengthy time.

  4. Regards for helping out, excellent information. “Riches cover a multitude of woes.” by Menander.

  5. water blasting concrete says

    Spot on with this write-up, I really suppose this web site needs rather more consideration. I’ll most likely be again to read far more, thanks for that info.

Leave A Reply

Your email address will not be published.