Petroleum marketers confirm FG still owes bridging claims, mention how much

• To support the prices of petroleum products astir the aforesaid range, the national authorities usually pays marketers a bridging assertion to screen logistics costs
• The marketers accidental substance bridging claims person been accumulating since 2022, and the national authorities is yet to wide up
• Earlier actions of protests and threats of a onslaught led to a partial outgo of the debt, but determination is inactive much to beryllium paid, arsenic the marketers person confirmed

Legit.ng journalist Ruth Okwumbu-Imafidon has implicit a decennary of acquisition successful business reporting crossed integer and mainstream media.

Months aft threatening to embark connected onslaught implicit non-payment of the substance bridging claims, petroleum marketers person revealed that the national authorities is yet to wage up.

The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Shettima, confirmed that the Nigerian National Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has not yet paid up.

In a property merchandise from the group, the IPMAN president acknowledged the elephantine strides of the national authorities led by President Bola Tinubu.

The petroleum marketers threatened that Nigeria would spot the parent of each substance queues if the national authorities refused to wage up. Photo credit: Bloomberg/Contributor
Source: Getty Images

Shettima led a delegation to spot the State Director of the Department of State Services (DSS) successful the FCT, Usman Dauda.

In his remarks, Shettima commended the efforts of the DSS Director-General, Adeola Ajayi, for the relation it played successful ensuring that IPMAN got portion outgo of the substance bridging claims. He, however, noted that determination are inactive immense sums near unpaid.

IPMAN confirms however overmuch FG inactive owes

Bridging claims notation to the payments made by the authorities to lipid marketers to screen the outgo of transporting petroleum products to antithetic parts of the country.

With the authorities covering the cost, the marketers are capable to retail astatine astir the aforesaid price, creating nationwide uniformity successful prices.

An IPMAN authoritative anonymously confirmed to the PUNCH news, that the national authorities done the NMDPRA had paid N50 cardinal retired of the N200 cardinal owed.

IPMAN threatens to unopen down filling stations

Recall that the radical of petroleum marketers threatened to shut down implicit 30,000 filling stations successful 2024 implicit the N200 cardinal debt, which was traced backmost to 2022.

The DSS DG intervened and got the concern nether control, brokered bid betwixt some parties and aboriginal facilitated the portion outgo of the debt.

The State Director of Security, FCT Command, Dauda, responded to the radical noting that they were each partners and stakeholders successful protecting sustainable livelihood for Nigerians.

Nine bluish depots unopen down implicit lingering debts

Earlier successful the year, 9 bluish depots were grounded, a concern the marketers attributed to the humongous indebtedness owed by the government. The depots were located successful Jos, Gusau, Minna, Suleja, Kaduna, Kano, Gombe, Yola, and Maiduguri.

They revealed that the 40-day play the authorities promised to marque outgo had since elapsed, and the debts were inactive unattended.

Yahaya Alhassan, the president of the IPMAN Depot Chairmen Forum, told Legit.ng that the marketers were acceptable to down their tools and halt their tankers from being utilized to administer petroleum products and this would effect successful fuel scarcity.

Nigeria could instrumentality to the days of agelong substance queues if the national authorities does not wide the backlog of substance bridging claims. Photo credit: contributor
Source: UGC

He noted that the authorities past paid lipid marketers bridging claims of N74 billion successful 2022, and paid freight differentials of N2.72 cardinal successful June 2024.

IPMAN issues 7-day announcement implicit bridging claims debt

In related news, Legit.ng reported that IPMAN is acceptable to embark connected a nationwide onslaught implicit the owed claims.

The radical precocious issued a seven-day ultimatum to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to wage marketers the owed bridging claims amounting to implicit N100 billion.

The marketers stated that they person been promised severally successful the past and the NMDPRA failed to support its promises.

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Source: Legit.ng