News

Another scarcity looms as fuel marketers demand N500 billion bridging claim

1 Mins read

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has asked Nigerians to prepare for another round of fuel scarcity after the government stalled the payment of a N500 billion bridging claim.

IPMAN chairman in Kano, Bashir Danmalam, said the Nigerian Midstream and Downstream Petroleum Regulatory Authority has not paid the money to fuel markets despite being notified.

Danmalam said the failure of the NMDPRA to pay the bridging claim, also known as transportation claim, had forced many of its members out of business.

He alleged that since the amalgamation of DPR, PEF and PPRA to NMDPRA, the agency had only paid independent marketers twice.

“NMDPRA is responsible for the payment of bridging claims otherwise known as transportation claims,” Danmalam said.

“Failure of the NMDPRA to pay the outstanding claims for about nine months, many marketers cannot transport the product because their funds are not being paid.

“Despite the high price of diesel, they manage to supply the petroleum products nationwide. The resurfacing of fuel queues in Abuja is just a tip of the iceberg with regard to petroleum scarcity.

“Out of 100 percent, only five percent of the marketers can supply the petroleum products because of the failure of NMDPRA to pay them.”

Danmalam called on the federal government to intervene before the situation degenerated into a mother of all fuel crisis in the country.

SOurce: Guardian.ng

   

About author
Time Nigeria is a general interest Magazine with its headquarters in Abuja, the nation’s Capital.
Articles
Related posts
Cover StoryNewsReligion

ASHRAAF Islamic Foundation Concludes Maiden Qur'an Competition First Stage, Celebrates Young Qur'anic Talents

3 Mins read
“The impressive performances recorded today confirm that our children possess enormous potential when they are properly guided and encouraged. This competition is…
Cover StoryNewsPolitics

Water Resources Minister Driving Renewed Hope Agenda Through Irrigation, Food Security Initiatives — Amb. Tsoken

2 Mins read
  By Abdulrahman Aliagan, The National President of the APC Initiative for Good Governance (APC-IGG) and National Coordinator of the Asiwaju Again…
Cover StoryNewsSecurity

Intelligence is the Grandfather of Successful Military Operations

1 Mins read
  By Oluseyi Petinrin Students of military operations, including its planning and execution, know that intelligence is the grandfather of most successful…
Stay on the loop!

Subscribe to our latest news.

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com