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 StoryDevelopmentNewsTransportation

FG Revokes Oyo-Ogbomoso Road Contract Amid Rising Concerns Over Delayed Projects

1 Mins read
This termination is part of a broader government crackdown on underperforming contractors. Recently, the Federal Government also revoked contracts for the Obajana-Benin…
Cover StoryNewsSecurity

Inuwa Yahaya Swears-in New Security Adviser, Inaugurates Boards of Tertiary Institutions, Agencies, Commissions

2 Mins read
We are determined to reposition our institutions and agencies for better service delivery. Your appointment is a call to duty, and I…
Cover StoryHealthNews

FG, Gates Foundation Commend Gombe Governor for Increasing Healthcare Budget, Revitalizing PHCs

4 Mins read
  By Aliyu Bala Gerengi, Gombe The Federal Government and Gates Foundation have commended Gombe State Governor, Muhammadu Inuwa Yahaya, CON, for…
Stay on the loop!

Subscribe to our latest news.

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com